Reinventing financial services for SMEs: Banca AideXa

SME Banking
30/03/2023 Interview
profile picture of Federico Sforza

Federico Sforza

AideXa

Co-Founder

We often read that the offers of traditional banks are not adapted enough to SMEs. So, we set out to discover new players dedicated to SMEs. Federico Sforza, CEO of Banca AideXa, gives us his point of view and shares with us what Banca AideXa offers its customers.


In which countries do you operate and how do you perceive the banking offer to SMEs there? In your opinion, does the offer from existing financial institutions meet the needs of SMEs?

Banca AideXa was founded in 2020 with the aim of providing a concrete response to the needs of Italian SMEs with an offering that was previously missing from the market. Banca AideXa is the first fintech bank in Italy with a full banking license created to serve specifically the SME segment. The SME segment was and still is currently poorly served by the banking industry, despite contributing significantly to the country's productivity growth. In fact, small businesses are the backbone of the Italian economy and are the main creators of new jobs and development: 50% of GDP is made up of small businesses with fewer than 50 employees. It's the largest SME market in Europe (source: OECD, European Commission - Reports SME Cerved 2020). 

Entrepreneurs have very specific financial needs: 42% of small business owners expect efficient and fast financial services and more than a third want transparency and simplicity (source: GFK focus group). Banca AideXa operates in Italy with the goal of providing Italian businesses with secure and fast access to credit, thanks to the use of technology and digital channels

Want to keep reading?

Create a web account to get access to more insights

Related news & insights

ESG
24/06/2024 Interview

Further Insights: The future of food – Addressing overconsumption and health

The way we produce food and the way we eat poses serious problems in terms of sustainable development and public...

Digital Reinvention
24/06/2024 News

Commonwealth Bank of Australia launches CommBank Smart Health for Pharmacies

Developed in collaboration with Scrypt Ventures, this innovative omni-channel solution aims to enhance how patients pay for their medications and...

SME Banking
23/06/2024 News

Commonwealth Bank of Australia introduces loyalty program for businesses

The Commonwealth Bank of Australia (CBA), a leading force in the Australian banking sector, has unveiled an array of innovative...

Insurance
21/06/2024 Interview

NewTech Friday: Bluezone Insurance – Improving the lives of people with chronic health conditions

Karan Mehta, Founder & CEO at Bluezone Insurance, tells Qorus' Boris Plantier about his company, a specialist life insurance provider...

Insurance
20/06/2024 Interview

SWINZ: Award-winning insurtech giving insurance 'back to the people'

Didier Muréna is the co-founder of SWINZ. He won silver at the Qorus Innovation in Insurance Awards 2024 in the...

SME Banking
20/06/2024 News

Societe Generale to sell subsidiary Shine to Ageras

This strategic move is part of Societe Generale's effort to streamline its operations and concentrate on its core retail banking...

18/06/2024 News

RBC launches Global Credit Connect with Nova Credit to assist newcomers to Canada

This initiative helps eligible RBC newcomer clients leverage their international credit history in Canada.

SME Banking
18/06/2024 News

Brex launches new digital banking products for startups

These enhancements aim to provide greater saving flexibility and higher yields for startups. Partnering with Column N.A., Member FDIC, Brex...