PRAXI Group, an international consulting firm with offices in Italy and abroad, has invested in the share capital of UpsideTown, a crowdinvesting platform, reaching 50 percent of the capital (the share capital turns out to be €300,000).
Founded from an initiative of Luigi Ucci, Head of the Valuations and Advisory division PRAXI Rome, as well as CEO of the fintech, the Company intends to position itself in the Italian crowdinvesting market with an innovative business model in which the digital process, based on big data analysis and artificial intelligence borrowed from the PRAXI Group, supports the analysis and selection of individual opportunities.
The platform offers will be based on diversification and product innovation, developing two specific business lines: real estate and renewable energy.
Discover the world’s most interesting business headlines with the mobile app Born2Invest. The app provides its readers access to the latest news in global business, stock market, finance news, and also trending topics like bitcoin, cryptocurrency, and biotech.
As far as real estate is concerned, UpsideTown aims to select transactions with a diversified risk profile, asset class, and geographic distribution: from the hotel segment to industrial, high street retail, without neglecting residential, including emerging declinations, namely student housing and senior housing. The campaigns that will be published on the portal will also contemplate investments with a multi-year holding period, in order to intercept the needs of those who will place their crowd investments within a PIR mandate, taking advantage of the tax benefits typical of the instrument.
A specific business line will also be dedicated to green energy, with the aim of actively supporting the country’s energy transition and responding to investors’ growing attention to sustainability and social responsibility intangibles in their portfolios.
The portal will also finance the development of Renewable Energy Communities throughout Italy, aggregating a network of players: associations, operators, investors, entrepreneurs, and local authorities.
The private equity fund
In this regard, the company is in the process of launching on the platform the placement of shares of a private equity fund, managed by P&G SGR, which will build photovoltaic, hydroelectric, and biomass plants throughout the country and finance energy communities.
The fund’s funding target will be €50 million and will have a six-year term extendable to 10. The placement will take place through the portal in tranches not exceeding €8 million, as per current Consob regulations, and will be “Pir alternative compliant,” thus allowing it to take advantage of the planned exemptions and incentives on green investments.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
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.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
ClubDealOnline: Net Income in Q1, Higher Than in the Whole of 2022
For the future, in addition to continuing to support cutting-edge startups on their growth path, the platform ClubDealOnline is increasingly...
Banco W and Belvo Revealed New Alliance for Financial Inclusion
This new strategic alliance, between Banco W and Belvo, announced within the framework of the LATAM Fintech Market, seeks to...
Update of Market Trends and an Outlook on the S&P 500, Gold, and Bonds
It is difficult finding the positives as the world appears to be fraying. Stock markets, precious metals all week. But...
Using Dow Jones Daily Volatility to Time Entry and Exit Points
Since 25 May 1926, the Dow Jones on 08 Dec 2022 increased to 33,791. Note how by using Dow Jones...
The TopRanked.io Weekly Digest: What’s Hot in Affiliate Marketing [Esperio Partners Review]
This week, we're here to tell you why affiliate marketing is the meaning of life. And no, that's not a...
Fintech2 weeks ago
Why Are Mexican Fintech Companies Increasingly Investing in Small Banks
Biotech4 days ago
Qualitime Plans to Reach a Turnover of €11 Million in 2026
Crowdfunding2 weeks ago
Biova Project Launched an Equity Crowdfunding Campaign on Mamacrowd
Africa6 days ago
RADEEF: a 182 Million Dirham Plan to Combat Flooding in Morocco