The sector Fintech In Italy it grows, but it remains behind Compared to the main European countries, confirming that our country is still too much unattractive for investments and with an ecosystem being developed. This is what emerges from the Italiafintech report, drawn up with the scientific contribution of the Fintech & Insurtech Observatory of the Milan Polytechnic.
Only 8% of startups is Italian
The report refers four countries – Italy, Spain, France and the United Kingdom – and reveals that alone 8% of Fintech startups is based in Italythe same share of Spain, while France (17%) and the United Kingdom (67%) show greater maturity of the market. Italy, while showing signals of development, is still late compared to other ecosystems.
Our country collects just 6% of the total investments And only two unicorns counts, against the 29 of the United Kingdom and the 13 of France. Milan has confirmed the main national hub, but the market remains of small size, albeit with large growth possibilities.
Difficult access to funding
From a more in -depth analysis it emerges that the main node concerns the funding to start the activity, which scarce And they leave Italy very far back in the EU. The report reveals that the medium funding it is equal to 12.5 million eurosa figure in line with France, but strongly influenced by a few great rounds.
Excluding mega-financethe real average lowers to 4.7 millionwell below the European average. In addition, the 47% of the rounds In Italy it is less than 1 million Euro, while in the most mature markets as the United Kingdom and France the capital are concentrated in the most substantial rounds, promoting the growth of the most promising realities.
The proposals to develop the market
There simplification and the support in startup of new innovative companies – explains the report – represents a strategic priority, also in line with the calls of Draghi relationship with respect to the need to build greater competitiveness in digital.
In Italy, despite recent progress, the process of establishing a startup is still complex and relatively expensive, therefore it is necessary to complete the digitization of the bureaucratic process which leads to the start of new businesses. Parallel, you need to update the Startup regime Innovative, introducing more flexible and proportional tools to the different stro-up development phases: strengthen the transition to innovative SMEs, simplify the obligations and make the access criteria more inclusive, also enhancing non-traditional skills.
In the report they have been advanced proposals in various regulatory areas: a full and tidy implementation of the REGULATION OF CRIPTO-ASSET (Micar)the adoption of actions to simplify and harmonize the application of rules on crowdfundingpromote the adoption of open finance through full implementation of theOpen Bankingand guarantee greater proportionality in anti -money laundering discipline. Among the requests also to tend to be a stable and competitive tax legislationavoiding regulatory oscillations that risk penalizing innovation.
