AideXa aims to leverage AI and Open Banking to serve SMEs based in Italy that have a turnover or annual revenue of less than EUR 10 million.
AideXa’s first product ‘X-Instant’ is described as a digital or online short-term credit facility that guarantees approval or rejection within 10 minutes.
The challenger bank secured EUR 45 million in capital via a seed round in November 2020. Generali Group, Banca Sella, and IFIS took part in the company’s round along with contributions from VCs, family offices, trade associations and several angel investors.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now