“Can a P2P-lending-origin BNPL rail retain merchant relevance in Italy once absorbed by a traditional consumer-credit bank (Compass/Mediobanca)?”
Soisy launched in 2015 as an Italian P2P lending platform that evolved into a merchant-facing installment/BNPL rail for e-commerce checkouts, offering longer-tenor consumer financing (€1k–€15k over 6–60 months) rather than the pay-in-3/4 model. In October 2022 it was acquired by Compass Banca, the consumer-credit subsidiary of Mediobanca, folding an independent Italian BNPL/P2P fintech into a regulated bank's distribution.