Credem Enters as an Investor in Cdp Venture’s Fin+Tech Accelerator
In fact, for Credem group, the goal is to continue the development strategy of the corporate venture capital initiative launched last April 2021 by the bank from Emilia, through which the group aims to invest in equity stakes in companies with high development potential. The company’s goal is to develop innovative technologies and models to strengthen its business.
Credem Group has entered as an investor in Fin+Tech, Cdp Venture Capital sgr’s three-year accelerator program, launched in December 2020, which plans to accelerate 16 startups per year for a total of 48 and which launched its first call last July 2021.
The fintech accelerator started with an initial endowment of $1.87 million (€1.65 million), fully subscribed by Cdp Venture Capital sgr, which last December also approved a further $2.3 million (€2 million) for subsequent follow-on post-acceleration. The entry of Credem, therefore, increases the firepower of the accelerator.
The program is based in Milan and will be managed by Digital Magics, Startupbootcamp, and Fintech District, respectively the main Italian accelerator, the first European accelerator, and the largest international community of reference for the fintech and insurtech ecosystem in Italy.
If you want to find more details about Credem and its entry as an investor in Cdp Venture’s Fin+Tech accelerator and to read the latest financial news in the world, download for free our companion app Born2Invest.
Fin+Tech is the main Italian fintech accelerator
Also SIA (Nexi group), co-investor and corporate partner of the project since its conception, will provide its support with its know-how, technologies, and positioning on open innovation. To date, Anima sgr, Banca Mediolanum, BNL Gruppo BNP Paribas, BNP Paribas Cardif, Compass, Credito Fondiario, Excellence Consulting, and Reale Group have already joined the program as corporate partners. Consob is also an institutional partner of the initiative, through its working group Consob Tech, aimed at supporting technological innovation in the fintech field.
“We are very pleased to be among the promoters of the main Italian accelerator of innovative companies together with leading players of the Italian ecosystem in the fintech and insurtech fields”, said Piergiorgio Grossi, chief innovation officer Credem, who added: “This initiative represents a step forward in the innovation path started by the group in recent years with the aim of continuing to evolve the services offered to our customers, with an increasingly strong focus on digital channels”.
In fact, for Credem group, the goal is to continue the development strategy of the corporate venture capital initiative launched last April 2021 by the bank from Emilia, through which the group aims to invest in equity stakes in companies with high development potential. The company’s goal is to develop innovative technologies and models to strengthen its business and generate value for customers by improving the quality of products and services.
The first investment of the corporate venture capital of the bank of Reggio Emilia, listed on Piazza Affari and controlled by the Maramotti family, was last October in Noonum, a Seattle-based company active in artificial intelligence, language analysis, and digital learning systems aimed at supporting financial analysis and portfolio construction.
(Featured Image by Tumisu via Pixabay)
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