Finanz secures €700K to expand financial education across Europe
Finanz, a Milan-based fintech company, has secured €700,000 in pre-seed funding to expand its financial education platform across Europe. This investment, backed by leading business angels and executives from prominent financial institutions, signals growing interest in accessible financial literacy tools. The company aims to address the significant gap in financial knowledge hindering millions of Europeans from investing their savings effectively. Finanz's platform offers a guided, personalized investment journey designed to take just five minutes a day. The company's founders, including CEO Lorenzo Perotta, launched the app in November 2024, and have already engaged in financial education initiatives in Italian schools. The platform seeks to address the fact that a substantial €10 trillion sits idle in European current accounts, with 335 million Europeans not investing due to insufficient financial understanding. The funding will fuel Finanz’s growth in Italy, expansion beyond 100,000 users, and accelerated product development. The company plans to hire across technology, product, and design to build a leading European platform for financial education and management. By combining technology with educational outreach, Finanz is positioned to make a significant impact by empowering individuals to manage their savings and invest confidently.
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