AideXa
“Can a licensed Italian fintech bank industrialize SME credit access through AI and open banking where traditional banks have retreated?”
Founded2020
HQMilan, Italy
FoundersRoberto Nicastro, Federico Sforza
Total raised€96M+ (€100M per company site)
Latest roundCapital raise, June 2024 (€16M)
IndustryFintech / SMB banking
The story
Founded 2020 as Italy's first fintech bank exclusively serving micro and small businesses. Received Italian banking charter in 2021, giving it a full license rather than a BaaS-dependent model. Uses open banking data plus AI-driven credit decisioning (ACTICO partnership) to underwrite SME loans in 48 hours. Distribution scaled via a 2022 deal with Poste Italiane bringing access to hundreds of thousands of SMEs. Now expanding into private banking for individuals alongside the core SME lending franchise.
Product timeline
2020
Founded in Milan by 10 co-founders led by Roberto Nicastro, first fintech dedicated exclusively to Italian SMEs· pivot
2021
Obtained Italian banking license· banking
2022
Partnership with Poste Italiane to offer SME loans €10k–€1m· lending
2023
Partnered with ACTICO for AI-powered credit decisioning engine· lending
2024
€16M capital raise adding ConfCommercio; total capital €96M· banking
Regulated entities
1
regulatory licence held by AideXa
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
2 layers disclosed in AideXa’s embedded-finance stack
Banking / BaaS
Banca AideXa S.p.A. (in-house)
Lending
in the full report
Accounting gap: none
3 more providers across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.