Press release

Venture in Italy: FinLeap becomes even more international with "Beesy"

• FinLeap founds its first company in Italy, supported by Fabrick as lead investor.

• Beesy is a digital financial management solution for small businesses and freelancers.

• Ramin Niroumand, CEO of FinLeap: "With Beesy we are taking a new step and founding our first Fintech company outside of Germany".

Milan/Berlin 23. July 2018 - FinLeap strengthens its activities abroad. Europe's largest Fintech company builder, which is already active in 15 countries through its portfolio companies, is now founding its first company in Italy. FinLeap is developing Beesy together with Fabrick, the Italian platform for open banking and Fintech services. Beesy, with its digital financial management solution will simplify accounting, tax and banking services for micro enterprises and freelancers.

"Thanks to Beesy, entrepreneurs will have access to the best digital solutions for managing their finances," announces Marco Berini, Managing Director of FinLeap in Italy. This will include multi-banking services and tools for accounting, payments and analysis. In addition, tax consultants and banks in Beesy are going to offer additional services. "We are delighted to be partnering with an innovative actor like Fabrick right from the start. This cooperation is crucial to launching Beesy within just a few months." As soon as Beesy is launched, FinLeap will provide more details about the services and how they work.

The Italian Fintech company Fabrick is the lead investor in the seed financing round. "Thanks to the venture with FinLeap, a leading European player in our industry, the benefits of Fintech solutions will be accessible to everyone. Micro enterprises contribute significantly to value creation in Italy, but have so far been excluded from a number of banking services. Beesy offers banks a new distribution channel to fill this gap", says Paolo Zaccardi, CEO of Fabrick.

For Ramin Niroumand, CEO of FinLeap, the joint venture represents a significant step towards internationalization. "Italy is not only relevant to us as the fourth largest economy in Europe. Moreover, it is one of those countries where we can find like-minded partners and optimally develop our Fintech ecosystem." According to Niroumand, FinLeap's success story shows that cooperation in the financial sector pays off. In Italy, FinLeap will push ahead with the digitization of the financial system from Milan. In autumn 2017, the company builder opened an office there that already hosts 20 colleagues. The team is to grow to 40 by the end of the year.  

About FinLeap

The Berlin-based FinLeap GmbH is a company builder for fintech companies. Founded in 2014 by HitFox Group and Ramin Niroumand, FinLeap has already developed 14 ventures with its technical infrastructure and has made the market entry possible. These include B2B companies such as solarisBank, the first banking platform with a full banking license, FinReach an account switching service provider, and B2C companies such as Clark, a digital insurance broker. FinLeap provides access to 0.5 to 5 million euros of seed capital, a network of investors and experienced entrepreneurs, as well as clients and top talent. FinLeap and its ventures employ a total of around 600 employees from over 50 nations.

About Fabrick SpA

Fabrick SpA creates and makes available to banking and financial operators, Fintech companies and companies that support them in their digital transformation - from System Integrators to Digital Factory and, naturally, developers - an ecosystem with an international vision of skills, technologies and services to govern change and generate new growth opportunities. Heart of Fabrick are two central elements: Fabrick Platform, the Open Banking platform developed on the basis of the Sella Group's know-how and innovation track record, and the Ecosystem built around it, which aims to aggregate all the actors involved. They move into the industry, guaranteeing customers access to an environment in which it is possible to concretely realize the integration between different systems and services to define new strategies and business models.