Unicredit announces that it has started a collaboration with the Italian fintech company FinDynamic. The Bank thus aims to improve the offer for corporate customers of solutions to optimize working capital. Not only that: the lender has also bought a minority stake in FinDynamic.
“We are collaborating with some selected fintechs to improve our offer and meet the new needs that emerge – explains Francesco Giordano, Co-CEO Commercial Banking Western Europe of UniCredit – Today's announcement is a clear example of this strategy. We believe that the service offered by FinDynamic is an effective response to the working capital optimization needs of our client companies and their suppliers and that in the current market scenario it can provide added value to all interested parties”.
Enrico Viganò, founder and CEO of FinDynamic, added: “This is a very important partnership for us. It consolidates our image and gives further authority to our platform, which is the most innovative in the field of supply chain finance, helping to ensure the strong growth and development of Findynamic. UniCredit's investment in our company confirms the bank's leadership in identifying and developing innovative services for corporate clients”. dsemi
