According to FF News, Italy's largest investment bank Mediobanca Group and London investment institution Founders Factory signed a partnership. The two parties will launch a new fintech venture capital studio and accelerator, with Mediobanca Group providing a total of 12 million euros in support.
It is reported that the joint venture will resume and invest in 35 fintech companies in the next five years. Specifically, the venture capital studio will establish, fund and launch new fintech companies that use advanced technologies such as blockchain and artificial intelligence to jointly innovate the financial services market using Mediobanca's strategy and capabilities. Founders Factory and Mediobanca will jointly operate a new accelerator program to invest in and support more mature early-stage fintech companies in Italy and around the world.
