Young, an Italian fintech startup active in the cryptocurrency sector, announces the opening of a new capital injection and the appointment of the Board of Directors, despite the difficult moment due to the COVID-19 emergency.
Only 5 months after the launch of the Young Platform exchange the company based in Turin and with an office in London, has recorded a significant growth both in terms of registered users and volumes transacted, in a market such as that of Bitcoin and cryptocurrency, which seems to be reacting positively to the current financial crisis.
“In this challenging worldwide economic situation we decided not to stop but to react by announcing two important new operations”, says Andrea Ferrero CEO & Co-Founder at Young. “We have in fact opened a capital injection involving a number of highly prestigious Italian and international investors and appointed a Board of Directors whose objective is to institutionalize the company and give more and more credibility to our sector”, concludes Ferrero.
In addition to Ferrero himself, the new Board of Directors is composed of Mariano Giovanni Carozzi and Alberto Bertagnolio Licio, formerly Young’s CFO.
Carozzi has decades of experience in the banking world (first in Banca Sella and then in Banca Profilo) and for several years he has been personally involved in the evolution of the Italian fintech world (having founded Prestiamoci and having been Chairman of Tinaba).
“I decided to embrace the project because I strongly believe in its team and in the further growth of this