AI Europe

New Italian Challenger Bank Powered by AI

Aidexa, founded by Roberto Nicastro and Federico Sforza, is a new Italian challenger bank. It will be a simple, AI-powered and data-driven bank; with its new brand combining “AI” and “Idea” into a fintech company that addresses SME’s needs with simple, quality, smooth UX and swift solutions, leveraging on machine learning technology and the opportunities of PSD2/Open Banking.

Italian small businesses account for over half of Italy’s GDP, contributing to over half of new job creations in the country and representing Europe’s largest small business pool. As a result of Covid, their attitude towards digital tools and interactions have sharply increased.

Aidexa has raised over €45m in the largest-ever “seed” round carried out by an Italian fintech and the largest “seed round” in Europe in 2020, from players such as the Generali Group, Banca Sella, IFIS, from VCs, family offices, trade associations (“Confartigianato”) and angel investors.

Currently, Aidexa is authorised as a credit institution (s.c. “106 licenses”) and has filed for obtaining a full banking license.

Aidexa’s management is made up of a mix of banking and digital skills. Aidexa plans to recruit approximatively 100 staff in the coming months.

Author

  • Polly is a journalist, content creator and general opinion holder from North Wales. She has written for a number of publications, usually hovering around the topics of fintech, tech, lifestyle and body positivity.

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