- FinTech funding in Italy is set to surpass the $900m mark in 2022 based on investment pace during the first quarter. This however may be overestimated as a large deal from Scalapay, a buy now pay later platform, which represented 94% of Italian FinTech funding in Q1 2022 may skew overall investment figures. Scalapay raised a sizeable $213m in their Series B funding round which sealed their entry into the unicorn club.
- Deal activity in the country is slightly down in Q1 2022 at 14 deals, a 35% decrease from 2021 levels and 2022 is expected to reach 42 deals in total. Milan accounted for 50% of FinTech deals in the first quarter of 2022, continuing its status as the FinTech hub of Italy. Milan currently has 158 companies in their ecosystem and is bolstered by companies such as Plug&Play, a start-up accelerator, which runs out of the city.
The data for this research was taken from the FinTech Global database. More in-depth data and analytics on investments and companies across all FinTech sectors and regions around the world are available to subscribers of FinTech Global. ©2022 FinTech Global
