Iccrea Banca
Via Lucrezia Romana 41-47, Rome, Lazio, 00178, Italy
Overview
Iccrea Banca develops and provides financial products and services on behalf of the Italian co-operative banks. With a wide and personalized offer system, products, services, and business strategies, it develops the BCC market to support local customers. The company directs and coordinates the group companies and centralizes services relating to the main governance and control functions. It oversees and manages banking, financial, and service activities vis-à-vis the mutual banks. It offers services on finance, institutional credit, securities administration, payment systems, and e-money.
- Total investments
- 2
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Financial Services
Investment portfolio
- Satispay
Participated · Equity · Sep 2017
Satispay began as an independent payment system and network and has since shifted strategically toward the model of online banks, signing an agreement with Mastercard to issue cards to its customers. The company offers the "Paga in 3" BNPL service, which allows consumers to pay purchases in three interest-free instalments, and recently expanded investment options by introducing ETFs. It revised payment fees to waive charges for transactions under €10 and reports strong initial uptake of the "Paga in 3" product from its community. Management emphasized the service's potential both online and in high-street retail, and framed the recent securitisation as a way to grow the product sustainably. Satispay's strategic moves aim to consolidate the business and access scalable funding structures through partnerships with traditional banks.
Team
No current team members are available.