About FinTech sector in Italy
The FinTech sector in Italy comprises 1.29K companies, including 322 funded companies having collectively raised $5.21B in venture capital money and private equity. Out of these, 124 are Series A+ funded, and 2 have achieved unicorn status.
FinTech sector in Italy has seen 82 acquisitions and 9 IPOs. This represents almost 7.1% of all such companies - which is higher than the 5.0% exit rate of tech companies in general.
This sector includes companies offering tech-enabled financial services and IT infrastructure and software for offering and managing financial services.
FinTech sector is also known as BFSI Tech.
Companies providing tech solutions to provide financial services like lending, banking, fundraising, insurance, etc are included in this sector. Companies offering traditional financial services like Banks, NBFCs, Insurance Carriers, etc are excluded.
Top FinTech Companies in Italy
There are 1,290 FinTech startups in Italy which include Moneyfarm, Satispay, Scalapay, Nexi, Octo Telematics. Out of these, 322 startups are funded, with 124 having secured Series A+ funding, and 2 achieving unicorn status.
Over the past 10 years, an average of 69 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Bocconi University, INSEAD and University of California (Los Angeles).
Here is the list of top FinTech startups in Italy
1. Moneyfarm
MoneyFarm provides an online platform for investment planning & advisory services. It helps users in portfolio management based on their profiles and goals. It offers advisory services for investment in stocks & shares, pension management, and wealth management. It also features tools for tracking investments.
Key facts about Moneyfarm
- Founded Year: 2011
- Location: London (United Kingdom)
- Stage: Series D
- Total Funding till date: $186M
- Investors: Allianz X, M&G and 11 Others
- Latest Funding Round: Series D, Jan 26, 2022, $*****
- Tracxn Score: 74/100 What is this?
- Competitors Rank: 6 of 3,000 Competitors
2. Satispay
Wallet-based payment solution for consumers. It offers services such as money transfers, mobile recharge, bill payments, and online or offline purchases. It can be accessed through the app that is available on both IOS and Android devices. It also offers integrated POS solutions to businesses for accepting online payments.
Key facts about Satispay
3. Scalapay
Provider of payment solutions for e-commerce businesses. It provides users with a lending platform which provide point-of sale installment financing as well as pay later facility. It allows users to avail the facility by choosing checkout. It provides fraud prevention and data protection systems for customers to maintain secure transactions.
Key facts about Scalapay
- Founded Year: 2019
- Location: Milan (Italy)
- Stage: Series B
- Total Funding till date: $953M
- Investors: Willoughby Capital, Tencent and 12 Others
- Latest Funding Round: Conventional Debt, Dec 11, 2025, $*****
- Tracxn Score: 71/100 What is this?
- Competitors Rank: 5 of 54 Competitors
4. Nexi
Payment processing solutions for merchants and businesses. It provides solutions such as hardware-based terminals for in-store payments, payment gateways for online payments, link-based payments, payment cards for online/offline purchases, and more. It facilitates transactions via chip-enabled or NFC-enabled cards, bank transfers, wallets, and more.
Key facts about Nexi
- Founded Year: 1939
- Location: Milano (Italy)
- Stage: Acquired
- Investors: Hellman & Friedman, Bain Capital Private Equity and 2 Others
- Tracxn Score: 67/100 What is this?
- Competitors Rank: 2 of 26 Competitors
Provider of telematics and data analytics solutions for the insurance and connected mobility sectors. It provides insurance telematics services and telematic applications to motor rental, fleet management etc. Octo's Clearbox devices are installed in vehicles. They hold data on over billion km’s of driving usage and behavioral data and insights. Insurance companies use the database to design personalized insurance policies that much more accurately assess individual risk.
Key facts about Octo Telematics
- Founded Year: 2002
- Location: Rome (Italy)
- Stage: Acquired
- Investors: Keensight Capital, Pamplona Capital Management and 4 Others
- Tracxn Score: 64/100 What is this?
- Competitors Rank: 5 of 121 Competitors
Companies founded year-on-year in the FinTech sector in Italy
124 FinTech startups in Italy were founded in 2021 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | 3 |
2024 | 21 |
2023 | 56 |
2022 | 104 |
2021 | 124 |
2020 | 78 |
2019 | 96 |
2018 | 121 |
2017 | 96 |
Stage-wise distribution of FinTech sector companies in Italy
Out of the total 1,290 FinTech companies in Italy, 322 have secured funding. Among them, 124 have reached Series A or higher, and 97 to Series B or beyond.
Founded - 1,290
Funded - 322
Series A+ - 124
Series B+ - 97
Series C+ - 95
Company Stage | No. of companies |
|---|---|
Founded | 1,290 |
Funded | 322 |
Series A+ | 124 |
Series B+ | 97 |
Series C+ | 95 |
Let us walk you through our Sectors and other offerings
Designed with precision for VCs, PE, IBs, Incubators, M&A, Innovation more
Designed with precision for VCs, PE, IBs, Incubators, M&A, Innovation more
Funding Trends in the FinTech sector in Italy
Total funding year-on-year in the FinTech sector in Italy
The FinTech sector in Italy saw a total funding of more than $5.1B in the last 10 years. The most amount of funding was in 2021 at more than $1.34B.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $161M |
2024 | $141M |
2023 | $694M |
2022 | $1.01B |
2021 | $1.34B |
2020 | $487M |
2019 | $770M |
2018 | $210M |
2017 | $263M |
Recent Funding Rounds in FinTech in Italy
In the year 2025, till September 2025, FinTech companies in Italy have raised $79.4M in equity funding across 13 rounds.
In the same period last year (i.e. till September 2024), FinTech companies in Italy had raised $50.5M across 23 rounds.
So, 2025 has seen a 57.12% rise in funding in FinTech companies in Italy as compared to 2024.
Here are some recent, important funding rounds in FinTech companies in Italy:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 9700 | Sep 17, 2025 | ||
Seed | 9239 | Sep 11, 2025 | ||
Seed | 1196 | Jul 17, 2025 | ||
Series A | 5180 | Jun 26, 2025 | ||
Seed | 6014 | Jun 04, 2025 |
Top Investors in FinTech in Italy
Plug and Play Tech Center is the top investor in FinTech companies in Italy based on number of companies invested.
Here are some top investors in FinTech companies in Italy:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Sunnyvale (United States) | ||
Paris (France) | - | |
Stockholm (Sweden) | - | |
New York City (United States) | ||
Fort Worth (United States) | - |
_1537422048749.png?devicePixelRatio=2&height=20&width=20){kind=logo}
M&A activity in FinTech sector in Italy
In the year 2025, till October 2025, 11 acquisitions happened in FinTech sector in Italy. Last year, in 2024, a total of 12 acquisitions happened in FinTech sector in Italy.
Here are some recent, important acquisitions in FinTech sector in Italy:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Oct 22, 2025 | ||
Business Acquisition | Oct 07, 2025 | ||
Business Acquisition | Sep 08, 2025 | ||
Business Acquisition | Aug 07, 2025 | ||
Business Acquisition | Aug 04, 2025 |
Acquisition trends in FinTech sector in Italy
Here are the acquisition trends in FinTech sector in Italy:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 11 |
2024 | 12 |
2023 | 12 |
2022 | 12 |
2021 | 6 |
2020 | 3 |
2019 | 6 |
2018 | 7 |
2017 | 4 |
IPOs in FinTech in Italy
In the year 2022, till November 2022, 1 IPO happened in FinTech sector in Italy.
Here are some recent, important IPOs in FinTech sector in Italy:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Nov 21, 2022 | Euronext Exchange (Euronext) | |
Jul 03, 2020 | Frankfurt Stock Exchange (FRA) | |
Apr 18, 2019 | Euronext Exchange (Euronext) | |
Mar 08, 2019 | Euronext Exchange (Euronext) | |
Jun 27, 2014 | Euronext Exchange (Euronext) |
Colleges which produce the most FinTech companies in Italy
Companies founded by alumni from top colleges in the FinTech in Italy
Most number of FinTech startups in Italy have been founded by alumni from Bocconi University, INSEAD and University of California (Los Angeles).
College | No. of companies |
|---|---|
Bocconi University | 34 |
INSEAD | 4 |
University of California (Los Angeles) | 4 |
London Business School (LBS) | 2 |
University College London | 2 |
Wharton School | 2 |
Imperial College London | 1 |
Keio University | 1 |
Kellogg School of Management | 1 |
Technical University of Munich | 1 |
Total funding in FinTech companies founded by alumni from top colleges in Italy
In the last 10 years, Bocconi University graduates' FinTech companies in Italy have raised the most funding among top colleges. Technical University of Munich alumni are second, and University of Cambridge alumni are third.
College | Total Funding |
|---|---|
Bocconi University | $1.71B |
Technical University of Munich | $23.5M |
University of Cambridge | $3.72M |
London Business School (LBS) | $3.6M |
Keio University | $1.9M |
INSEAD | $659K |
Imperial College London | - |
Kellogg School of Management | - |
Technion Israel Institute Technology | - |
University College London | - |
Top News in FinTech in Italy
•
•
SimCorp Partners with Axyon AI to Integrate Predictive Analytics into SimCorp One PlatformAsset Servicing Times•Sep 10, 2025•SimCorp, Axyon
•
illimity Bank, 1H 2025 net loss of €120 mln due to write-downs on non-core assets and integration by IfisIlgiornaleditalia•Aug 04, 2025•Illimity
•
•
Trusters Reports Strong Growth & Enhanced Protections in H1 2025 Performance UpdateBorn2Invest•Jul 29, 2025•Trusters
•
•
Agostinelli (Telepass): "With Grab & Go we revolutionize the toll, we aim at young people and 10 million new users"Ilgiornaleditalia•Jul 22, 2025•Telepass
•
•
Mastercard and OCTO Join Forces to Promote Responsible Driving Through Loyalty ProgramsSilicon Canals•May 21, 2025•Octo Telematics, Mastercard
•
Telepass and Seed Digital Analyze Spring Travel Trends in ItalyIlgiornaleditalia•Apr 17, 2025•Telepass, Seed
