The Italian FinTech is lagging behind but is moving consistently with global trends with a high level of dynamism, showing a positive and promising scenario and gradually closing the gap with the global developments.
Compared to the evolutionary phases that characterize the sector: 1-Disruption, 2-Discussion, 3-Partnership and Collaboration, the Disruption (competition) phase has been largely overcome, the discussion phase has started (thanks also, but not only, to Psd2) and is laying the foundations for the partnership phase that could be accelerated in the face of the ongoing Covid-19 emergency.
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The number of Italian Fintech companies and their turnover is increasing
278 FinTech companies were surveyed, 49 more than last year, 18 of which are new companies that were founded during the last year. There has also been an increase in business segments, for example with the entry of the Real Estate segment (both dedicated platforms in the Lending and Equity Crowdfunding areas), cryptocurrency investment solutions and specialized trading for NPLs.
The total turnover of the sector reached $403 million (€373 million) in 2018, with a growth of 40% compared to the previous year. Actually, 64% of the companies surveyed, as some purely Italian companies, but with registered offices abroad, non-profit and newly established companies are excluded.
The number of companies with $1.08 million (€1 million) or more in turnover, increased from 28 last year to 37 at present.
Among the less positive indicators, in the first place are the low investments in the Italian FinTech sector that have contributed to a weak positioning of the country at the international level.
In 2019, investments decreased to $166 million (€154 million) from $212 million (€197 million) in 2018 (not counting $108 million (€100 million) to Prima).