Unicredit has collaborated with fintech startup FinDynamic to provide a dynamic discounting solution to Italian confectioner and ice cream-maker Venchi.
“At this moment more than ever it is necessary to support small businesses,” said Daniele Ferrero, CEO of Venchi. “This innovative tool developed in collaboration with FinDynamic and UniCredit allows us to be close to our suppliers, facilitating and making the payment system less burdensome for them”.
FinDynamic was founded in 2016 within Polihub, the incubator of the Politecnico di Milano, by Enrico Viganò and Ervis Jace. It now has around 4000 suppliers ion its platform.
For Unicredit, the collaboration allows the bank to offer supply chain finance products on a platform well suited to the Italian market, with its emphasis on family-owned medium-sized businesses.
Pietro Campagna, Co-Head of GTB Italy at UniCredit, said: “Through our collaboration with FinDynamic, we have made dynamic discounting one of the solutions we offer our clients to manage their supply chains. In the difficult, uncertain climate we find ourselves in, strengthening links with suppliers translates into a big competitive advantage, above all for a company like Venchi.”
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