The Fintech District is the international community of reference for the fintech ecosystem in Italy. Despite the emergency due to the spread of COVID-19 and the consequent lockdown, the Fintech District does not stop and reaches the important goal of 150 startups that have joined the Community (there were 32 in 2017).
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The Fintech District comes in the help of companies
A total of 14 startups joined the Community in the first quarter of 2020, among them also important names such as Bandyer, Raisin, Younited Credit and Yolo. Thanks to the Fintech District, in the last 3 months alone, 25 match-making events have been carried out between young companies and corporate members of the Community, which now number 14: Axa, Auriga, Banca Sella, Boston Consulting Group, Cerved, Crif, Ernst & Young, Gruppo Bancario Cooperativo ICCREA, IBM, Société Générale, OCS – Organizzazione Consulenza Sistemi, Royal Bank of Canada, UBI Banca, Zurich.
The Fintech District reacted immediately to the emergency, even before the official lockdown, rethinking its operations and activities in order to continue to bring added value to the realities of the Community, whether startup or corporate.
Reports, presentations, and insights are distributed and illustrated exclusively through digital channels and all training has been converted into webinars, with an increase in the offer from monthly to weekly. The events designed to allow fintech companies to present their activities to the community by generating contacts, ideas, and business, from March 2020, will also take place remotely.
The Power of Community
“The Power of Community” has been inaugurated. It promotes and enhances the many important solidarity initiatives of fintech companies, telling them through all the Fintech District’s proprietary channels, keeping a constant focus on the energy put in place by fintech companies to react to the emergency, collecting suggestions and advice, and numerous emblematic and encouraging stories.
On May 5th, a marketplace was launched, completely digitally, and accessible from the Fintech District’s website. It connects the fintech companies of the Community with a selected group of professionals for free one-hour consulting sessions. “There are 8 first selected realities, in 3 specific areas of expertise such as HR, organization and growth: NoDoubt and WeExplore (HR area), BonelliErede with Lombardi, Carbonetti, Linklaters (organization area), and Leyton, and Value4You StartupBootcamp (growth area).”
Corporate members benefit from even greater matchmaking with the community thanks to Speed Networking activities in digital format. Five startups can present themselves to corporate companies to develop relationships through Q&A sessions.
Other initiatives have been conceived or transformed during the lockdown and are at the starting blocks. For example, the Mentorship Program for the community will soon be activated in digital mode and the Fintech District Academy is nearing completion. That will bring to market the first course dedicated to Fintech explained directly by entrepreneurs.
Alessandro Longoni, Head of the Fintech District said: “In the emergency situation we tried to show how important it is for us to be a reference point for the world of Italian Fintech. The shock that has hit the world has generated even more uncertainty. Respecting the social distancing and taking full advantage of the digital nature of our activities, we have renewed our offer, guaranteeing team security, growth opportunities for startups, and corporate services. We have invested in new initiatives and increased contact between startups, corporations, and stakeholders involved in the community, continuing the growth process that has characterized our initiative since its inception.”
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First published in FORTUNE ITALIA, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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