The Venetian startup MyCreditService, which is part of Interlogica, has been selected to participate in the second stage of the Magic Wand programme, securing its position as one of the most promising fintech companies in Italy. The startup, which developed the very first Italian platform for managing and selling trade receivables, is about to go on the market using crowdfunding.
MyCreditService was chosen by a panel of investors, including Digital Magics, which is the most important “Made in Italy” digital startup incubator in Italy.
Here is an excerpt from Magic Wand’s official press release:
Milan, March 7, 2018 – Six startups have been chosen by Digital Magics (the most important “Made in Italy” digital startup incubator in Italy), the BNL BNP Paribas Group, Credito Valtellinese, Ersel Investimenti, the Intesa Sanpaolo Innovation Centre, Innogest, Poste Italiane, SellaLab, SisalPay, Reale Mutua di Assicurazioni and UBI Bank to participate in the second stage of Magic Wand’s FinTech and InsurTech accelerator programme.
Magic Wand (a centre of Italian excellence) aims to innovate the finance and insurance sectors via a collaboration project involving some of the most important players on the market, with the aim of accelerating various Italian FinTech and InsurTech startups by providing them with financial support and advice in order to develop scalable models that can compete in international markets.
The founders of the selected Magic Wand startups have benefited from more than 100 hours of qualified digital training sessions, hosted by more than 20 experts in finance, marketing, legislation, growth hacking, platforms and digital interfaces, such as Raffaele Gaito, Thomas Bertani, Massimiliano Davoli, Pierluigi Casolari, Leandro Agrò and Massimo Boraso. A special session was also organised by Invitalia (the Ministry of Economy’s National Agency for attracting investments and business development), which focused on startup benefits and incentives.
The six lucky startups will continue to receive support from Magic Wand’s 10 partners, all of whom are market leaders who can offer various expertise and experience. The startups will also receive guidance from the dedicated Digital Magics team, a mentor and an advisor, all of whom will delve further into a number of topics aimed at growing business in European and international markets.
Watch the VIDEO INTERVIEW with MyCreditService, a startup that developed an invoice trading platform to manage the entire lifecycle of a company’s working capital, from sale to collection.
To find out more about Magic Wand startups, head to www.digitalmagics.com