Mediobanca has partnered with Founders Factory, a London-based global company builder and early-stage investor, to establish a new fintech venture studio and accelerator, supported by a total investment of €12 million from the Italian investment bank.
The Mediobanca/Founders Factory joint venture aims to build and invest in 35 fintech businesses over the next five years, providing support to startups focusing on advanced technologies such as blockchain and AI. Additionally, the partnership will launch a new accelerator program designed to invest in and assist more established early-stage fintech ventures both in Italy and internationally.
This collaboration aligns with Mediobanca’s 2023-26 “ONE BRAND – ONE CULTURE” Strategic Plan, which aims to enhance the firm’s technology ecosystem significantly.
Alberto Nagel, CEO of Mediobanca, stated: “In recent years, we have embraced the opportunities that technology has created in the financial sector. We have pursued this in Wealth Management with the launch of CheBanca!, in Consumer Banking with investments in Buy Now Pay Later, and in Corporate and Investment Banking through our recent partnership with Arma Partners.
“With this joint venture, we will seize new opportunities, further strengthening the Group’s technology ecosystem by adopting innovative models that will allow us to respond effectively to market expectations.”