Tagged: italy

Italy: Real Estate Crowdfunding Platform Walliance Acquires Lymo Finance

Lymo Finance, the world’s first real estate crowdfunding platform, is now owned by Walliance, another real estate crowdfunding platform based in Italy, according to an announcement. Walliance said the acquisition is part of its expansion plans in the European market. Lymo, which has an investment… Read More

RegTech Startup Aptus.AI Secures $3.3m in Pre-Series A Funding

RegTech startup Aptus.AI has announced raising €3 million ($3.3 million) in a pre-Series A funding round anchored by Programma 103 under VC P101 Sgr. The investment marks Programma 103’s first foray into the Regtech sector. The round was also backed by additional support from several… Read More

BIGO, Checkout.com, Visa to Enhance Cross-Border Payouts for Creator Economy Across UK, Italy, Germany, Other Regions

BIGO, a global technology leader known for its innovative RTC (Real Time Communications) based products, announces its partnership with Checkout.com and Visa in order “to transform cross-border payouts for content creators in the United Kingdom, Italy, Germany, Switzerland and Austria.” BIGO TECHNOLOGY PTE. LTD. has… Read More

Italy: Banking, Financial Services Software Provider TAS names Fabio Benasso New President

TAS, an Italian banking and financial services software provider, has announced the appointment of Fabio Benasso, a long-standing Accenture executive, as its new group president. The decision came following a recent meeting of the Board of Directors, marking a new chapter in the company’s pursuit… Read More

Fintech: Generali Ventures Targets Fintech, Insurtech Sectors for €250m venture fund

Italian financial services firm Generali has officially launched Generali Ventures, a venture capital initiative aimed at driving innovation, breaking into new markets, and bolstering operational efficiency throughout the group. With a substantial €250 million commitment, Generali Ventures sets its sights on unearthing the most promising… Read More

MDOTM, the Investment Solution Provider, Partners with Italy’s Analysis S.p.A, which Offers Software for Financial Sector

MDOTM Ltd, the global provider of AI-driven investment solutions for banks, insurance, asset and wealth management companies, and Analysis S.p.A, the Italian firm that has been providing integrated software solutions for the financial and wealth management industry for over 30 years, announce a partnership in… Read More

European Insurtech Firm wefox Appointed As Affinity Insurance Partner by WINDTRE, Italy’s Telecommunications Business

wefox, which claims tobe one of the leading insurtech firms, has been appointed as affinity insurance partner by WINDTRE, Italy’s telecommunications business. The company has launched its own insurance agency, WINDTRE Assicurazioni, “to provide insurance directly to its customers.” wefox will provide “a range of… Read More

Italy’s Intesa Sanpaolo Choses iGenius, which Applies Generative AI to Business Intelligence to Implement BI Solutions

Intesa Sanpaolo, Italy’s bank and reportedly among the “largest” in Europe, has chosen iGenius – a company that applies its generative AI technology to business intelligence (BI) – to implement its BI solutions. iGenius is a platform that “simplifies access to data using natural language,… Read More

Digital Bank: N26 Appoints New GM for Italy, Souther Europe

N26, a leading European digital bank, has appointed a new General Manager for Italy and Southern Europe. According to a statement from the bank, Claudio Bedino will lead the charge in “one of the most important banks” for the Fintech. Bedino will step into the… Read More

Italian fintech Banca AideXa Celebrates Growth Trends

Banca AideXa, a Fintech founded in 2020 by Roberto Nicastro and Federico Sforza, had a booming third quarter, the company said this week. In the third quarter of 2023, officials say the bank strengthened its positive growth trends in figures, business, and saver confidence. The… Read More

UK-based TerraPay, a Payments Infrastructure Firm, Obtains Authorization as Electronic Money Institution in Italy

TerraPay, a global payments infrastructure company, today announced that it has secured authorization as an Electronic Money Institution (EMI) in Italy. Having obtained approval from the Bank of Italy, TerraPay is set “to expand its operations within the country and subsequently, throughout the European Union.”… Read More

Digital Asset Firm Yield App Obtains VASP Registration in Italy

The team at Yield App is pleased to announce that they’ve registered as a virtual asset service provider (VASP) with Italy’s Organismo Agenti e Mediatori (OAM). According to the update from Yield App, this marks a huge step in their long-term commitment to compliance with… Read More

BNPL: Microsoft Extends Partnership with PayPal to Provide Flexible Payment Options

PayPal Holdings, Inc. (NASDAQ: PYPL) and Microsoft Corp. (Nasdaq: MSFT), recently announced Microsoft’s integration of PayPal’s Pay Later solution in the U.S., U.K., Australia, Germany, France, Spain, and Italy. In addition, customers in the U.S. will soon “have the option to pay with Venmo in… Read More

Italy’s Mediobanca, London’s Founders Factory to Invest in Fintech Startups

Mediobanca Group, Italy’s largest investment bank, has signed a partnership with Founders Factory, the London-based global company builder and early-stage investor, to launch a new fintech venture studio and accelerator. This joint venture, underpinned by an overall €12 million investment from Mediobanca, will facilitate innovation… Read More

Digital Banking: Over 75% of Consumers in Lombardy, Italy’s Most Industrialized Area, Banked Online, Report Claims

Over three-quarters or 75% of the population in Lombardy, Italy’s largest and most industrialized area, banked online this past year, compared with the national average of just 63%, the Bank of Italy recently revealed. Virtual banking in Lombardy has reportedly increased by around 20 percentage… Read More

Fintech Conio Selected Among Six Italian Financial Technology Firms for Visa Innovation Program Europe

The team at Conio pleased to announce that their company has been selected among the six Italian fintech companies for the Visa Innovation Program Europe 2023. The program aims “to promote innovation in the financial and payment sectors by fostering collaboration and accelerating innovative companies… Read More

PayPal, KKR Announce Long-Term Cooperation for European Pay Later Receivables

PayPal Holdings, Inc. (NASDAQ: PYPL) and KKR, a global investment firm, announced the signing of an exclusive multi-year agreement “for a €3 billion replenishing loan commitment under which private credit funds and accounts managed by KKR will purchase up to €40 billion of buy now,… Read More

Italy: Intesa Sanpaolo Launches Digital Bank Isybank

Italian bank Intesa Sanpaolo has launched a new digital bank Isybank. “With the launch of Isybank, the digital transformation of Intesa Sanpaolo continues, which sees this project as one of the pillars of the 2022-2025 Business Plan”, said Carlo Messina, Managing Director and CEO of… Read More

Italy: Cassa Depositi e Prestiti Backs October

CDP Cassa Depositi e Prestiti has invested €25 million in the October SME V fund. October Italy CEO Sergio Zocchi thanked Cassa Depositi e Prestiti, noting the bank joins other European investors, such as European Investment Fund (EIF), Bpifrance, and Invest-NL, who will lend to… Read More

Investment Platform SeedBlink Partners with Italian Platform Doorway, as Part of European Expansion

SeedBlink, a newer online investment platform based in Bucharest but with global aspirations, has announced a strategic partnership with Italy-based Doorway – another securities crowdfunding platform. Doorway is a venture capital platform in Italy, enabling direct investment in the asset class by private and corporate… Read More

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