AideXa has raised over €45 million in the largest-ever “seed” round carried out by an Italian fintech and the largest “seed round” in Europe in 2020.
AideXa will be a simple, AI-powered and data-driven challenger bank. It’s new brand combines “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, contribute to over half of new job creations in the country and represent 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 authorized as a credit institution (s.c. “106 license”) and has filed for obtaining a full banking license. AideXa’s management is made up by a mix of banking and digital skills and plans to recruit approximatively 100 staff in the coming months.
Plans for roll-out in the MENA and CEE regions are underway through a joint venture with global investment conglomerate Dubai Holding.
Strategic investment sets the stage for expanded future omnichannel merchant acquiring capabilities for European SMBs, value-added services and payments innovation.