• The first edition of Fin+Tech, a three-year program which is part of the CDP National Accelerator  Network, created by CDP Venture Capital in collaboration with Digital Magics, Startupbootcamp,  Fintech District, Nexi and Credem and involving numerous partners in the financial and insurance  sectors, has received more than 300 applications. 

• 16 start-ups, covering both the fintech and insurtech markets, will gain access to the investments and  services offered by the program in order to accelerate their growth: 6.2 million euros have been  allocated by CDP Venture Capital together with all the promoters and partners. 

 Fin+Tech, the acceleration program aimed at startups that develop fintech and  insurtech solutions, has completed the selection of the 16 start-ups that will join the first cycle of the  program. The initiative is part of the CDP National Accelerators Network, which is operates throughout the  country in order to help the growth of new companies focused on markets with the greatest growth  potential.  

Fin+Tech is the outcome of an initiative launched by CDP Venture Capital in collaboration with Digital Magics,  Startupbootcamp, Fintech District, Nexi and Credem as promoters, who make up the overall endowment  of 6.2 million euros, working together with corporate partners. 

Over 300 applications were submitted, of which approximately 50% came from abroad, demonstrating the  relevance of the Italian market in the targeted sectors. 

The Fin+Tech acceleration program aims to lay the foundations for supporting the most promising fintech  and insurtech start-ups in their growth path by offering those that best perform during the acceleration  phase, the opportunity to obtain new financial resources. 

The Fin+Tech evaluation committee, made up of the promoters and corporate partners involved, selected 16  start-ups focusing on fintech and insurtech, which will have the opportunity to access the program,  benefiting from an initial investment of 48,500 euros as well as a 4-month acceleration period with the  support of a network of mentors, industry leaders as well as the venture capital world. Start-ups who show the most promising opportunities for growth will be eligible for follow-on investment of up to 300 thousand  euros.  

The selection was based on the basis of the innovation of their solution, composition of the team, scalability  of the project and market potential. In the fintech field, the start-ups selected tackle the payment systems,  lending, certification, and interoperability systems based on blockchain, credit and scoring systems for e commerce, artificial intelligence and open banking, tokenization solutions for financial transactions and robot advisory platforms. In the area of insurtech, the focus has been on systems for the digitalization of online  policies, platforms for the automation of insurance transactions, risk management, IoT-based insurance products. 

The institutional partner of the initiative is Consob, by working with the group Consob Tech as well as many other important corporate partners including: Anima Sgr, Banca CF+, Banca Mediolanum, BNL Gruppo BNP  Paribas, BNP Paribas Cardif, Compass, Credem, Excellence Consulting, Net Insurance, Nexi, Reale Group. In  addition, CRIF and Base Digitale joined the initiative, strengthening its potential impact on the market. The  valuable contribution of technical partners includes: Studio Legale Ferrari Pedeferri Boni (FPB), ItaliaFintech,  Italian Insurtech Association and Swiss Insurtech Hub.

The selected start-ups are: 

• Cents, a social impact platform that combines the experience of giving with every purchase,  connecting people, companies, and financial institutions to the Third Sector. 

• Earnext SA, a full wealth management platform aimed at financial advisors. 

• Exain, blockchain-based platform for tokenization and asset management. 

• Flowbe designed and engineered TENet (Trusted Exchange Network): the first interoperability  platform that allows companies/operators/users to interact within specific processes in a natively  digital and certified way. 

• Icashly, digital banking mobile app aimed at simplifying and improving people's financial aspects:  pay, save, invest, and learn. 

• Ooki, app for financial well-being, allows users to optimize their level of credit risk through open  banking. 

• Politically, a platform that focused on fundraising for political campaigns aiming to create  transparent and digital donations.  

• SplittyPay, a platform offering innovative payment solutions. 

• Aptus.ai, a solution that grants banking regulations accessible in machine readable format by  applying proprietary artificial intelligence technologies to automate impact analysis in a multi language, cross-country context. 

• Coyzy, mobile personal safety and violence prevention application based on crowd-sourcing concept, with support from local communities. 

• Delega, cloud-based fintech SAAS whose mission is to fully digitize the bank power of attorney  process for mid- to large-sized companies. 

• Fairsich, provides IoT solutions and software to assess a driver's level of risk in real time, enabling  dynamic pricing models in mobility. 

• Insurance4Music, the first broker entirely dedicated to the music world, which, through a digital  platform, offers different insurance solutions, from insurance on musical instruments to event policies. 

• Agree.Live, simplifies the process of remote sales of financial products, allowing banks and insurance  companies to meet customers and prospects in video meetings, share documents and/or contracts  with them and receive them digitally signed.  

• Open-Source Modelling, develops and delivers actuarial and/or risk models through open-source  solutions.  

• TrueScreen, an app that allows to certify photos, videos, screenshots, documents, and audio  recordings, guaranteeing with extreme probative value that any content generated by smartphone  or tablet is authentic and unchangeable. 

The three-year Fin+Tech program will accelerate 16 start-ups per year for a total of 48 start-ups in 3 years  and aims to create a strong ecosystem at national level able to increasingly attractstartups and international  investors. 

For any further information please visit www.finplustech.eu.