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Radar · Investment Tech in Milan

Best Investment Tech Companies in Milan, Italy

The 37 best Investment Tech companies in Milan, Italy in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: BacktoWork.

37companies tracked
$141Mdisclosed funding
0unicorns
14have raised
FLIAR INTELLIGENCE · INVESTMENT TECH × MILAN

Our analysis of 229 Investment Tech companies

$28.6b in tracked funding; 94% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.

229companies analysed
94%cloud-native stacks
2025funding peak (by rounds)
23unicorns
2019median founding year
87kcombined LinkedIn audience
55%of audience held by top 3

Ranked: Best Investment Tech companies in Milan

#CompanyDisclosed fundingLast roundEmployeesFoundedFounderTech stackRecent signals
1Angels4Women
Online investment and training platform for female entrepreneurs and startups
——662018Annamaria Tartaglia
Founder
WordPressMySQLPHP+141 award
2APL Italiana
Investment and portfolio management software for insurance market
——1201983———
3Build Around
Crowdfunding platform focused on real estate projects
———2017Luigi Orlando
CEO
——
4Dagong Global
Financial database focused on credit ratings
———1994Andrew Guangyuwu
CEO & President
——
5Ecomill
Equity crowdfunding platform energy projects
——52013Chiara Candelise
Founder & CEO
——
6Epic
Crowdfunding platform for SMEs
——282014Guido Ferrarini
Co-Founder & Chairman
——
7EuroTLX
Multilateral trading facility for bonds
———2002Pietro Poletto
CEO
——
8eWibe
Online platform for wine investment
——82021Edoardo Lamacchia
Founder & CEO
HubSpot CMS HubFacebook LoginLinkedin Sign-in+17—

Top 12 Investment Tech companies in Milan

#1
Series A · Milan, Lombardy · founded 2018 · 110 employees
$15Mraised
▾

Cardo AI provides AI-based data analytics and portfolio management solutions for alternative investments. It features algorithms for portfolio diversification, portfolio optimization, and risk & return management. Also offers due diligence, market surveillance, order management, and securitization reporting solutions for investors.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 26k LinkedIn followers — 30.0% of this cohort's audience
Activity: 1 awards announced in 12 mo
Funding rounds
  • Nov 2024Series A$15M
Founders & team
Daniele ForzaCo-FounderAltin KadarejaCEO
Investors
Blackstone, FINTOP, JAM FINTOP, Digital Magics
Tech stack
All In One SeoApple Icloud MailCdnjsCloudflareCloudflare Bot ManagementContact Form 7
#2
Seed · Milan, Lombardy · founded 2023 · 3 employees
$730.5Kraised
▾

Real estate investment platform. Digital real estate investment platform that enables users to invest in income-producing properties.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 2k LinkedIn followers — 2.8% of this cohort's audience
Funding rounds
  • Apr 2025Seed$3.1M
  • Jul 2023Seed$730.5K
Investors
StartupGym, UTEC, East Ventures, Gaiax, KSK Angel Fund, Novaterra
#3
Series A · Milan, Lombardy · founded 2022
$808.8Kraised
▾

Online platforms providing co -ownership of multi category luxury products. It allows users to purchase fractions of luxury goods, such as watches, art, and wine. The application is available on iOS and Android platforms.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 4k LinkedIn followers — 4.7% of this cohort's audience · 29 engagements/post (3.7× cohort median)
Activity: 1 partnerships (incl. Collecto) announced in 12 mo
Funding rounds
  • Feb 2025Series A$2.9M
  • Feb 2024Seed$808.8K
Founders & team
Matteo CostantiniCo-Founder & Chief Innovation OfficerSalvatore ZolaCo-Founder & CPOGiovanni CamisascaCo-Founder & CEO
Tech stack
Apache Http ServerBootstrapCart FunctionalityCore-JsElementorGoogle Workspace
#4
Acquired · Milan, Lombardy · founded 2012 · 29 employees
$118.3Mraised
▾

Equity-based crowdfunding platform. Platform is for startups, SMEs, and real estate projects. Users can invest in multiple sectors in exchange for shares in the company. Offers campaign management, analysis, and marketing solutions to users.

Funding rounds
  • Oct 2019Series B$4.4M
  • Jun 2019Series B$113.9M
Founders & team
Alberto BassiCo-Founder & CEO
Investors
Intesa Sanpaolo
Tech stack
BootstrapNginxJqueryGoogle Tag ManagerJsdelivrSucuri
#5
Seed · Milan, Lombardy · founded 2008 · 16 employees
$461.4Kraised
▾

Crowdfunding platform focused on real estate projects. The company offers a platform to invest in real estate projects. It allows private investors to participate in a project to obtain remuneration.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 4k LinkedIn followers — 5.1% of this cohort's audience
Funding rounds
  • Aug 2023Seed$461.4K
  • Sep 2021Seed—
Investors
Esperia Investor
Tech stack
BootstrapCdnjsCloudflareCloudflare Bot ManagementCloudflare Browser InsightsCookiebot
#6
Acquired · Milan, Lombardy · founded 2018 · 45 employees
$2.4Mraised
▾

App-based expense management platform. It allows users to save on daily or monthly expenses by showing offers on the market based on the current situation and offers proposals for savings. It helps avoid paper works and lets you pay bills online which include, light and gas, internet bills, mobile bills, and more.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 8k LinkedIn followers — 8.8% of this cohort's audience
Activity: 1 partnerships (incl. BV BUSINESS HUB) announced in 12 mo
Funding rounds
  • Sep 2021Seed$2.4M
Investors
BizPlace
Tech stack
Apple Icloud MailBootstrapCloudflareCore-JsCrisp Live ChatElement Ui
#7
Seed · Milan, Lombardy · founded 2022
$235.4Kraised
▾

Fintech platform that aggregates and tracks financial portfolios across multiple institutions. It provides users with a platform that a financial platform designed to streamline investment management by integrating various financial tools into a single application. It also supports transparency, where users regain control over their financial data, facilitated by regulatory changes.

Funding rounds
  • 2023Seed$235.4K
Founders & team
Luigi MastromauroCo-Founder & CEO
Investors
Archangel Adventure
#8
Seed · Milan, Lombardy · founded 2017 · 2 employees
$885.5Kraised
▾

Mercurius is a provider of an AI-based sports trading platform. The platform enables sports traders and investors to build and execute automated betting strategies based on machine learning (artificial intelligence) and statistical techniques. The platform offers tools such as 'MercuriusTrader' - an AI-based solution offering automated trading strategies, and 'MercuriusAdvisor' - AI-based sports betting solution. Features include sports data management, mathematical predictions, odds compiling, risk optimization, automation, and more. The company has partnered with Wyscout and Sportmonks.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 2k LinkedIn followers — 2.4% of this cohort's audience
Activity: 1 partnerships (incl. Latam Entertainment) announced in 12 mo
Funding rounds
  • Nov 2019Seed$553.4K
#9
Acquired · Milan, Lombardy · founded 2010 · 42 employees
$626.4Kraised
▾

Deus Technology provides software solutions for asset management firms. It offers Robo advisory solutions for client engagement, outsourcing services, legal documentation, portfolio management and analysis, investment reporting, account aggregation & data management and more.

Funding rounds
  • Jan 2020Grant (prize money)$73.9K
  • Sep 2018Seed$626.4K
Founders & team
Pasquale OrlandoFounderMario ManzoniFounder
Investors
GELLIFY, Europa, FNDX
Tech stack
Apache Http ServerHsts
#10
Seed · Milan, Lombardy · founded 2017 · 18 employees
$1.2Mraised
▾

FinScience provides AI-based algorithms and financial analysis platform for financial advisory, asset management, investor relations, corporate communication, marketing, sales, family offices, ESG, CSR, and credit management. It features solutions for data analysis, portfolio management, risk management, backtesting portfolio strategies, financial & market insights, credit scoring, digital asset servitization, etc.

Funding rounds
  • Nov 2017Seed$1.2M
Investors
GELLIFY
#11
Seed · Milan, Lombardy · founded 2011 · 1 employees
$337.2Kraised
▾

YouInvest provides financial education, training and consulting to design and implement wealth management models for banks, financial networks and insurance companies. It also provides financial solutions to advisors and private investors. The financial education courses it provides to professionals and private investors is claimed to be based on its proprietary research and learning materials.

Funding rounds
  • Nov 2014Angel$337.2K
#12
Seed · Milan, Lombardy · founded 2015 · 2 employees
$158.3Kraised
▾

Crowdway is an online platform that generates news and analysis about financial markets while leveraging crowd trading data. It uses a proprietary algorithm based on Big Data analysis and provides financial information to individuals and organizations.

Funding rounds
  • Nov 2016Seed$158.3K
Founders & team
Davide SpinaFounder & CEO
Investors
Startupbootcamp
Tech stack
PythonUbuntuDjangoNginxJqueryGoogle Font Api

Funding & investor landscape

$141Mtotal disclosed funding
12companies funded
16disclosed rounds
0rounds last 90 days
Most active investors
Digital Magics3 rounds
BizPlace2 rounds
Europa2 rounds
Fin + Tech2 rounds
GELLIFY2 rounds
40Jemz Ventures1 rounds
Archangel Adventure1 rounds
Blackstone1 rounds
East Ventures1 rounds
Esperia Investor1 rounds

Notable founders

Daniele Forza
Co-Founder · CardoAI
Altin Kadareja
CEO · CardoAI
Matteo Costantini
Co-Founder & Chief Innovation Officer · Collecto
Salvatore Zola
Co-Founder & CPO · Collecto
Alberto Bassi
Co-Founder & CEO · BacktoWork
Luigi Mastromauro
Co-Founder & CEO · IllumyFi
Pasquale Orlando
Founder · DeusTechnology
Mario Manzoni
Founder · DeusTechnology
Davide Spina
Founder & CEO · Crowdway
Marco Raineri
Founder & CEO · YunoAI
Mario Moschetta
Co-Founder & CEO · Fyblo
Massimiliano Paci
Co-Founder · Fyblo
Prism market signals · Italy · country-scoped Prism corpus, 1,838,671 docs

Market landscape — 10 sub-themes by coverage

Share of Investment Tech coverage by sub-theme.

Regulatory-risk over time rising

Funding & growth over time

funding rising · growth rising

RESEARCH SIGNALS · Italy

How research on Fintech is moving in Italy

A read on the academic research around Fintech — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 70 Italy-affiliated papers.

top research entities
  • Bocconi University7
  • University of Bergamo4
  • University of Turin3
  • University of Messina3
  • Roma Tre University3
leading researchers
Benjamin A. ADEAGBO · Bilotta, Nicola · Braggion, Fabio · Manconi, Alberto · Pavanini, Nicola · Zhu, Haikun · Pablo G. Bringas · Iker Pastor-López
▲ Breakthroughs12 · 17%
▲ 0%→22% share
3 median citations75% since 2021mostly methods-led
Breakthroughs are rising (0%→22% of field), led by Blockchain.
rising sub-themes (early→recent)
  • Blockchain3
  • Financial services3
  • Sustainability3
  • Payment2
  • Transparency (behavior)2
Landmark FinTech and consumers: a systematic review and integrative framework · 28 cites
◆ Advancements13 · 19%
▲ 0%→11% share
0 median citations85% since 2021mostly empirical
Advancements are rising (0%→11% of field), led by Financial services.
rising sub-themes (early→recent)
  • Financial services9
  • Financial inclusion5
  • Corporate governance3
  • Financial literacy3
  • Financial stability2
Newly emergingFinancial services 0→7
Landmark Sustainability in FinTechs: An Explanation through Business Model Scalability and Market Valuation · 193 cites
▼ Concerns24 · 34%
▲ 0%→31% share
4 median citations62% since 2021mostly reviews
Concerns are rising (0%→31% of field), led by Financial services.
rising sub-themes (early→recent)
  • Financial services2→7
  • Financial inclusion1→5
Landmark Fintech Credit Markets Around the World: Size, Drivers and Policy Issues · 281 cites
RESEARCH HOTSPOTS · Italy

Where fintech is researched across Italy

Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.

Rome9 · +0.27
Opportunity · Big data
Milan5 · +0.04

Common questions

How many Investment Tech companies are there in Milan, Italy?
Radar tracks 37 indexable Investment Tech companies headquartered in Milan, Italy that meet our profile-completeness bar.
What is the total funding raised by Investment Tech companies in Milan, Italy?
The Investment Tech companies in Milan, Italy on this list have raised a combined $141M in disclosed equity funding across 12 funded companies.
Which is the highest-funded Investment Tech company in Milan, Italy?
BacktoWork is the highest-funded Investment Tech company in Milan, Italy, with $118.3M in disclosed equity funding.
How many Investment Tech companies in Milan, Italy are funded?
12 of the 37 Investment Tech companies in Milan, Italy on this list have disclosed at least one equity funding round.
How many Investment Tech unicorns are there in Milan, Italy?
None of the Investment Tech companies in Milan, Italy on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Milan, Italy Investment Tech companies?
The most active investors in Milan, Italy Investment Tech companies on this list include Digital Magics, BizPlace, Europa, Fin + Tech, GELLIFY.
Rohit KhannaTrends & Stories

Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.

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