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Western EuropeSeptember 27 2023

Banca AideXa leverages open data to support Italian entrepreneurs

Federico Sforza, CEO and co-founder of Banca AideXa, talks to Amalia Illgner about the bank’s use of open data that enables it to fill the gaps left by traditional lenders.
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Banca AideXa leverages open data to support Italian entrepreneurs

Federico Sforza is a start-up co-founder with more than two decades of experience at Nexi, Unicredit and ING Italy, where he was head of the SMEs business unit. Mr Sforza could have continued his trajectory to the top of Italian corporate banking, but instead he launched a new bank with his own money in the middle of the Covid-19 pandemic. 

Milan-based fintech bank Banca AideXa has provided more than €500m in business loans to Italian small and medium-sized enterprises (SMEs) over three years.

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