How Italy is betting on the FinTech sector

Banca Sella Group and Digital Magics invest 1 million Euro on innovative startups

22-01-201514:18by
(Credits: Oli Scarff/Getty Images)
(Credits: Oli Scarff/Getty Images)

The Banca Sella Group and the venture incubator Digital Magics recently signed an agreement to the tune of 1 million Euro. This generous loan is aimed to strengthen Digital Magics’ incubation and acceleration projects in the field of innovative financial services.

In a group of 40 start-ups, only six are working in the FinTech field.  Banca Sella, one of the most active  member of the Digital Magics Angel Network, an informal network of people interested in co-investments in innovative start-ups, is already tutoring them. With the new loan, the two partners probably expect to further strengthen their financial skills and performances.

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