UniCredit acquired 10% of Italian fintech dynamic discounting startup FinDynamic through a capital increase (see here a previous post by BeBeez). Enrico Viganò, former Bain&Co partner, founded FinDynamic in 2016 which is aactive since last September 2018. Mr. Viganò owns 75% of the business, while the cofounder Ervis Jace has 5% and the remaining 10% belongs to Mauro Anastasi and other private investors from Bain&Co. Fintech is one of the sectors that BeBeez Private Data monitors (find out here how to subscribe to the Combo Version that includes the reports and the insight views of BeBeez News Premium 12 months for 110 euros per month).
Italian ecommerce platform for fashion Yocabè raised 600k euros through a bridge round with the support of Cross Border Growth Capital (see here a previous post by BeBeez). Sources said to BeBeez that Fabio Mondini de Focatiis, the head of Cross Border Growth Capital financed such round together with Marco Ariello, Donatella Paschina, and David Roche. Vito Pertrone, Lorenzo Ciglioni, and Andrea Mariotti founded Yocabè in 2005.
Italian e-learning platform Docety raised almost 400k euros through equity crowdfunding platform Mamacrowd in a campaign due to close at the end of June that had a target of 80k euros (see here a previous post by BeBeez). The new target is of 500k euros. The list of investors in Docety includes UP, Marco Montemagno (cofounder of Startupitalia and founder of4Books and Slashes), and 3Labs, the publisher of Tom’s Hardware Italia. Nana Bianca, an accelerator that Paolo Barberis founded, is the owner of UP. Docety will invest these proceeds in its organic development. Nicola Palmieri and Mario Palladino founded Docety in October 2018 together with Michele Forlante.
Sia, an Italian leading provider of IT infrastructures for financial services, and Quant Network, an English high tech company, signed an agreement for developing blockchain applications for financial services on the platforms Corda R3 and Ethereum (see here a previous post by BeBeez). Quant Network is based in London. Sia is controlled by Cdp Equity and Poste Italiane and is one of the companies that BeBeez Private Data monitors (find out here how to subscribe to the Combo Version that includes the reports and the insight views of BeBeez News Premium 12 months for 110 euros per month).
Insoore, the insurtech business that belongs to Whoosnap, raised one million euros from Proximity Capital and Luiss Alumni 4 Growth (see here a previous post by BeBeez). Antonio Assereto, a partner of FocusFuturo, coordinated such round and invested in the startup through Proximity Capital. Ceo Enrico Scianaro founded Insoore in 2015. The company will invest such proceeds in the internationalisation of the business. Federico Santini is the chairman of the board of Insoore.
Fire Group, the credit servicer of Sergio Bommarito, acquired a minority of Wiserfunding, a London-based fintech company that provides risk rating for the credit to SMEs. Edward Altman, the inventor of corporate credit model Z-Score, is the co-founder of Wiserfunding. Claudio Manetti is the ceo of Fire Group.
Utego, an Italian fintech for personal finance, received 540k euros from Smart&Start, the award of Invitalia (see here a previous post by BeBeez). The company also started an equity crowdfunding campaign on the portal 200Crowd with a minimum target of 120k euros and has now raised more than 460k euros, targeting a maximum of 500k euros, or 20% of the post-money equity. Stefano Musso (ceo) and Paolo Patruno founded Utego in 2018 and now own 44% of the business together with Emanuele Preve and other shareholders. Maurizio Pimpinella, the chairman of the Italian association of payment services, is part of Utego’s advisory board. Musso said to Bebeez that he is already holding talks with established investors for raising the next round of financing.