Italy’s fintech startup Pbi closed its announced 45 mln euros round and buys Fide to launch a fintech bank for SMEs

The fintech bank for SMEs promoted by Roberto Nicastro and Federico Sforza (currently known as Progetto Banca Idea - Pbi) closed its 45 million euros funding round announced last March (see here a previous article by BeBeez) and simultaneously announced the acquisition of Fide spa, a company that today deals with the sale of the fifth and financial intermediary registered in register 106 of the Consolidated Banking Act. Pbi was assisted in both operations by KPMG and Bonelli Erede (see the press release here). The round included, among others the following investors: 360 Capital Partners, Bertoldi Holding, Banca Sella, Banca Agricola Popolare di Ragu