September 01, 2020

The Italian fintech company Fido closes a €1.1 million financing round

Fido is an innovative digital credit & risk scoring platform that uses new types of data and artificial intelligence to verify the identity of consumers online and assess its reliability.

The Italian fintech company Fido closed a $1.3 million (€1.1 million) round. It was underwritten by Giorgio Valaguzza of Ithaca Investments (who joined the Board of Directors of Fido), Alessandro Fracassi of Gruppo MutuiOnline, Attilio Mazzili of Orrick, Fernando Spallanzani of Banca Privata Leasing, Giacomo Sella of Gruppo Sella, angels of Italian Angels for Growth (with Gianluca D’Agostino and Giovanni Strocchi champion of Iag for investment) and other private investors. The capital increase saw the involvement of Sin&rgetica as advisor, Orrick firm for legal aspects and Clarkson Hyde for fiscal aspects

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