Italian payments app Satispay raises €60m, plots 2025 launch of investment services
The paytech unicorn has now raised over €500 million in total funding to date.
Italy
The latest fintech news, resources and expert analysis in Italy by the leading intelligence provider for the worldwide fintech community.
UniCredit completes acquisition of 90.1% stake in Alpha Bank Romania
UniCredit says it will now commence a “gradual integration” of Alpha Bank Romania into UniCredit Group.
ICYMI fintech funding round-up: Abhi, Emerge, Diesta, and Axyon AI
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Italy’s Banca Sella becomes first European bank to launch QR code for the visually impaired
Banca Sella to implement TQ Braille, Arti Grafiche Parini’s tactile identification solution.
Nexi Group lands €220m financing from the EIB
The loan is the first to be granted by the EIB to a publicly listed company in the digital payments sector.
UniCredit buys 9% stake in Commerzbank as German government looks to offload shareholding
Of the stake, 4.49% was purchased from the Federal Republic of Germany for $775 million.
French paytech Lemonway has “certain limitations” placed on its operations in Italy by Banca d’Italia
Lemonway says the Italian central bank has told it to “not engage new Italian partners”.
Qonto receives order from Banca d’Italia to improve AML measures in its Italian subsidiary
The firm says the order includes a temporary ban on onboarding new customers in Italy.
Ireland’s Payac taps Nexi for SEPA instant payments solution
Through the partnership, 1.8 million Irish credit union members will gain access to SEPA instant payments.
UniCredit set to acquire Aion Bank and BaaS provider Vodeno for €370 million
The deal includes the entire share capital of both companies and is expected to close in Q4 2024.
TeamSystem acquires 61% majority stake in Italian SME credit mediator Change Capital
The acquisition will expand TeamSystem’s remit with over 200 financial solutions for credit and subsidised finance.
Italian fintech Banca AideXa secures €16m capital raise
The fresh investment brings the fintech’s total capital raised to date to €96 million.
Nium tapped by Air France and KLM for payments solution
The airlines are set to deploy Nium’s Airline Payments solution, starting in Italy.
ICYMI fintech funding round-up: Fizz, Torpago, Sibill, WealthOS and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Open finance fintech Fabrick to acquire finAPI from Germany’s Schufa
Fabrick is to leverage its latest purchase to expand its presence into the DACH region.
ICYMI fintech funding round-up: Ekko, Layer, MNZL, Panax and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
ICYMI fintech funding round-up: Backflip, Ansa, Salmon, Firenze and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Kinsted Wealth deploys Objectway for discretionary portfolio management
President and CCO Adam Payne says the deal comes amid a need to “focus on our core business”.
eBook: Beyond the basics – a C-suite checklist for banking security strategy
Explore expert strategies to secure banking apps and get a detailed checklist for bolstering security measures.
Nationwide Building Society selects Auriga to modernise ATM software infrastructure
Nationwide currently operates a 1,200-strong ATM network across the UK.
Case study: Italy’s Credem Banca migrates to ASEE Security Cloud
Learn how Italy’s major banking group Credem migrated all its clients to the ASEE Security Cloud.
Italy’s Objectway doubles down on North American wealth market with acquisition of Nest Wealth
The deal will see the fintech take ownership of Nest Wealth’s digital wealth solutions and client portfolio.
Italian competition authority interrupts migration of 2.4m Intesa Sanpaolo accounts to Isybank
The watchdog says more than 5,000 of Intesa Sanpaolo’s own customers sought its intervention.
Italian fintech Qomodo lands €34.5m pre-seed funding
The start-up aims to bring SmartPOS, Tap-to-Phone and BNPL payment solutions to physical merchants.
TAS appoints former Accenture executive Fabio Benasso as president
A long-standing Accenture employee, Benasso began his career at the software firm in 1984.
Generali Investments’ holding company taps Fenergo for AML compliance
Through the partnership, Generali Investments Holding will utilise Fenergo’s client lifecycle management solution.
Crypto exchange Kraken lands EU e-money licence, secures VASP registration in Spain
The San Francisco-headquartered exchange plans to leverage the approvals to power its European expansion.
BaaS fintech Swan plans European expansion with €37m Series B
France-based Swan will be launching in the Netherlands and Italy.
LC Financial Holdings completes acquisition of BCM Global for undisclosed sum
LC Financial Holdings will help BCM Global expand its business and develop new services across Europe.
TerraPay lands EMI licence in Italy as it plots European expansion
With the approval, TerraPay is now looking to expand within Italy and subsequently across the European Union.
Italy’s government to tax banks on profits from interest rate rises
The Italian parliament has 60 days to bring the proposed tax into law.
US fintech Block set to close European payments app Verse
The move is part of Block’s plans to reduce brand spending.
Webinar | 28 September 2023: Revolutionising SME financing – how Banca AideXa uses AI decisioning platform & open banking
Learn what tools and tech enable Banca AideXa to provide quick and efficient loans to SMEs.
Allfunds acquires local paying agent business of Iccrea Banca
The acquisition enables Allfunds to develop its position in Italy as a local paying agent business.
Italy’s Mediobanca partners Founders Factory for new UK fintech venture studio
The joint venture is central to the Italian bank’s strategic plan to strengthen its technology ecosystem.
Mediobanca’s Compass acquires HeidiPay Switzerland
The acquisition will enable Compass to become a consumer credit operator in the Swiss market.
Intesa Sanpaolo’s Isybank goes live on Thought Machine core
The digital bank has gone live 12 months after it first initiated the deal with Thought Machine.
ICYMI fintech funding round-up: Payrails, Griffin and more
Our weekly round-up for you to get the latest fintech funding news, this time from across Europe.
Fabrick raises €40m in funding, extends deal with Mastercard
The funding round saw Mastercard and other investors taking up a minority stake in Fabrick’s shareholding.
Open finance specialist Fabrick acquires UK paytech Judopay
Fabrick says the deal is “a major step forward in its internationalisation process and expansion in the UK”.
