Italy’s fintech sector Singapore FinTech Festival 2024 Held from November 6th to 8th.
With over 66,000 participants from more than 150 countries, the festival provides Italy with a major platform to showcase its burgeoning fintech industry.
The Italian Trade Agency, with the support of the Italian Ministry of Foreign Affairs and International Cooperation, has organized a dedicated Italian Pavilion featuring nine innovative companies.
These companies are introducing fintech solutions with the aim of forging international partnerships and exploring new business opportunities.
Italy’s fintech industry is experiencing significant expansion, with loans to small and medium-sized enterprises and supply chain finance reaching approximately USD 3.89 billion in the first half of 2023 alone.
Since the sector’s inception in 2016, fintech lending has exceeded USD 24.19 billion.
Revenues in Italy’s fintech sector have skyrocketed, increasing from around USD 123 million in 2017 to more than USD 3.37 billion in 2024.
The Italy Pavilion was officially opened today (6th November) with an introduction by Ilaria Piccini, Deputy Director-General of the Italian Trade Authority of Singapore, as well as Dante Brandi, Italian Ambassador to Singapore, and Claudia Segre, Vice President of Asofintech. A speech was given by Mr.
During the festival, the pavilion will host a series of presentations showcasing Italian fintech innovations across various subsectors, including mobile banking, blockchain technology, proptech, insurtech and cybersecurity.
AssoFintech, the Italian fintech association, partnered with the Italian Trade Agency to curate the pavilion’s content and facilitate connections between Italian startups and foreign investors.
Italian Ambassador to Singapore Dante Brandi said:
“We are proud to showcase Italy’s dynamic fintech ecosystem on this prestigious global platform. Over the past eight years, Italy’s fintech sector has been a major player in financing and developing cutting-edge solutions. It has achieved remarkable growth on both fronts and is making a significant impact on the international scene.
We are confident that by presenting our innovative startups to global investors and industry leaders at SFF, we will be able to further accelerate the growth of Italian fintech and foster new opportunities for cooperation and expansion. ”
