Milan, June 12, 2024 - Banca AideXa, the fintech bank specialized in credit access for micro and small enterprises, announces a new capital increase of €16 million. This increase, the fourth since the bank's inception, brings the total capital raised to €96 million, confirming investor confidence in its mission to industrialize credit for micro and small enterprises through technological innovation and artificial intelligence.

Four years after the first round of €48 million, the largest financing ever achieved for an Italian fintech startup, Banca AideXa has experienced significant growth, starting in January 2024 under the leadership of the new CEO Marzio Pividori.

The investor base also expands, with ConfCommercio officially joining Banca AideXa’s capital through its subsidiary Axiter. This significant entry represents further recognition of AideXa's innovative vision and its ability to effectively support Italian small businesses.

The capital increase further confirms the solidity of the fintech bank. At the end of the first quarter of 2024, Banca AideXa surpassed €600 million in assets with a CET1 ratio of 17.5%; after the capital increase, the CET1 ratio is estimated to rise to 26%.

Despite a credit crunch context that saw a 25% contraction in new disbursements to SMEs on an annual basis for the first quarter of 2024, Banca AideXa recorded a 25% increase in its disbursements during the same period. The capital increase will enable Banca AideXa to achieve the business objectives set for 2024: €700 million in credit stock, €30 million in revenues, and break-even by year-end.

“We are proud of the support and trust from our investors and partners in contributing to the industrialization of credit for Italian micro and small enterprises. The numbers confirm the effectiveness of our model and lay a solid foundation to continue supporting our clients with innovative credit solutions. We are honored by the presence of the ConfCommercio system in our capital and are highly motivated to serve their members.” – Declares Roberto Nicastro, Chairman and Co-Founder of Banca AideXa.

“We are pleased to invest in Banca AideXa. Through the investments of Axiter and Finpromoter, following that of SEAC, the ConfCommercio system aims to develop a strategic relationship with Banca AideXa to deploy innovative tools for credit access by micro and small enterprises.” – Declares Giovanni Da Pozzo, Vice President of Confcommercio Enterprises for Italy.