Nexi Group lands €220m financing from the EIB
Italian paytech Nexi Group has secured €220 million in financing from the European Investment Bank (EIB) to “support innovation in the digital payments sector”.
Nexi Group bags €220 million financing from EIB
The EIB, the EU’s long-term lending institution owned by its member states, funds investments that align with EU policy objectives.
The EIB loan awarded to Nexi is the first ever granted to a publicly listed company in the digital payments sector.
Nexi says it plans to use the EIB financing to “develop and manage projects aimed at modernising digital payments in Europe”.
The funding will also support specific projects that utilise Nexi Digital, a European technological innovation hub established in partnership with Reply, an Italian digital consulting and technology firm.
The identified initiatives focus on enhancing environmental sustainability through data centre optimisation and the development of new cloud-based solutions.
Speaking on the announcement, EIB VP Gelsomina Vigliotti states: “This operation represents a major step forward in the development of Europe-wide digital payment solutions, helping to reduce the use of cash and prevent fraud and tax evasion.”
In 2023, the EIB provided a €200 million loan to Italy’s Illimity Bank to support the working capital needs of small and medium-sized enterprises across the country.
