- Nexi Group Secures €220M Financing: Italian paytech Nexi Group received €220 million in funding from the European Investment Bank (EIB) to support innovation in digital payments.
- First EIB Loan for a Digital Payments Company: This is the first time the EIB has awarded a loan to a publicly listed company in the digital payments sector.
- Funding Focus: Nexi plans to use the funds to modernize digital payments in Europe, with a focus on projects enhancing sustainability, including data center optimization and new cloud-based solutions.
- Partnership with Reply: Nexi will use its innovation hub, Nexi Digital, formed in collaboration with Reply, to implement these projects.
- EIB’s Objective: EIB Vice President Gelsomina Vigliotti highlighted that the operation will advance digital payment solutions, reducing cash usage, fraud, and tax evasion in Europe.
- EIB History with Italy: In 2023, the EIB also provided a €200 million loan to Illimity Bank in Italy to support SMEs’ working capital needs.
