Milan, August 30, 2023 – Banca AideXa, the fintech bank founded in 2020 by Roberto Nicastro and Federico Sforza, continues its expansion, strengthening the positive growth trend in the third quarter of 2023 both in numerical terms and in the confidence of businesses and savers.
The instant lending offer has reached €500 million in total loans disbursed to Italian small and medium-sized enterprises since the Bank's launch, a result supported by innovative financial solutions that provide a simple, fast, and flexible alternative to more traditional offerings. The use of new technologies and data-driven artificial intelligence in credit assessment has enabled a doubling of loan volumes year over year. In parallel with the increase in business loan volumes, thanks to an increasingly broad and competitive offer, the bank has surpassed the milestone of 10,000 clients who have chosen its digital products, including over 3,000 micro and SMEs.
X Conto per Liquidità, the remunerated current account for businesses, with a recently increased interest rate of 2% per annum gross, has reached 500 clients in just a few months thanks to the innovative and fast online account opening process, integrated with the potential use of PSD2. This way, businesses have a true liquidity management tool at their disposal.
Building on the positive results of deposit accounts, which have reached €300 million in less than two years, at the end of July 2023, Banca AideXa launched X Risparmio Libero, its first flexible deposit account that, with an annual gross rate of 3.5%, allows savers to freely and quickly deposit and withdraw funds from the account at any time, without any restrictions. 100% of Banca AideXa's deposits are used for loans to SMEs, thus supporting the sector.
"The current economic and financial landscape is moving rapidly, and for banks today, it is even more essential to be able to adapt and respond quickly to the new needs of the entrepreneurial fabric," says Federico Sforza, CEO and Co-Founder of Banca AideXa.
The positive results of Banca AideXa in recent months confirm the growing need for liquidity among SMEs at this historical moment, and our doubling of loans demonstrates this. Moreover, thanks to the trust that savers and businesses are showing in our current accounts and deposit accounts, which are simple, fast, and have excellent rates, we can now truly support an increasing number of Italian entrepreneurs.