Crowdinvesting platforms attracted investors and businesses last November 23rd at Crowdinvesting Day, the event organized by Innexta, in collaboration with Assofintech, and with media partner EdiBeez, the first in Italy in which platforms went from “digital” to “analog” and met their stakeholders live.
The event was held at Palazzo Turati, the headquarters of the Milan Monza Brianza Lodi Chamber of Commerce.
Read more about crowdinvesting and the alternative finance market, and find the most important financial news of the day with the Born2invets mobile app.
The Crowdinvesting Day
The Crowdinvesting Day, in fact, was structured as a matching space between leading equity and lending crowdfunding platforms and investors and entrepreneurs interested in the tool.
The day was attended by, more than 200 companies, startups and aspiring entrepreneurs who were able to learn in person about alternative tools that can be used to finance their development programs.
Those who attended were able to participate in “1 to 1” meetings with major Italian platforms: Crowdfundme/Trusters (Equity SME and real estate lending), Ecomill (Equity green), Ener2crowd (Lending green), EvenFi (Lending SME), Mamacrowd (Equity SME and Real Estate), Opstart/Crowdlender (Equity and lending real estate and SME), Recrowd (Lending real estate), Re-Lender (Lending SME and real estate), Walliance (Equity real estate), WeAreStarting (Equity SME), as well as Fundera (minibonds).
The Alt Finance Day
In parallel, the Alt-Finance Day – The Alternative Finance Day was held, again organized by Innexta – Società Consortile per il Credito e la Finanza, in collaboration with Unioncamere, Chamber of Commerce Milan Monza Brianza Lodi, in which the Research Notebook on Alternative Finance for SMEs in Italy was presented.
The report was authored by Prof. Giancarlo Giudici, full professor at the School of Management of the Politecnico di Milano and Scientific Director of the Crowdinvesting Observatory.
After introductory remarks by the Secretary General of the Chamber of Commerce, Elena Vasco, and the President of Innexta, Giovanni Da Pozzo, Prof. Giancarlo Giudici of the Politecnico di Milano presented the sixth research notebook “Alternative Finance for SMEs in Italy”(see the presentation slides here and the full report here).
In his report, Prof Giudici noted that rising interest rates, and consequently rising government bond coupons, have weighed heavily on the alternative finance market.
A market that has turned out to be much less competitive in the eyes of investors and, at the same time, has found it difficult to attract issuers on both the debt and equity sides.
But while the picture for alternative finance at the moment is negative, according to the research the very risk of a credit crunch for SMEs should lead the alternative finance sector to find new opportunities, especially since it is considered more efficient at meeting the cash flow needs of small and medium-sized enterprises.
This was followed by Innexta Managing Director Danilo Maiocchi, along with Mattia Ciprian of Modefinance, Alessandro Merlini of Azimut Direct, Benedetto Pirro of CrowdFundMe and Nicola Tufo of RSM, who discussed the data presented.
Hon. Giulio Centemero and Martino Da Rio of Banca Ifis closed the morning’s proceedings with a focus dedicated to the prospects of alternative finance in Italy.
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First published in Crowdfunding buzz. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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