Financial services group Credem is among the investors in the accelerator, which was launched by CDP Venture Capital.

Italy-based banking group Credem has confirmed it has backed Fin+Tech, the three-year accelerator formed by venture capital firm CDP Venture Capital.

The initiative is expected to accelerate 16 startups per year and held it its first call for entrepreneurs in July 2021. CDP had already provided about $4m for the accelerator, which is managed by Digital Magics, Startupbootcamp and Fintech District.

Piergiorgio Grossi, chief innovation officer at Credem, said: “This initiative represents a step forward in the innovation path started by…

James Mawson

James Mawson is founder and chief executive of Global Venturing.