FinDynamic, a Milan, Italy-based fintech company, received a minority investment from UniCredit.
The amount of the deal was not disclosed.
The two companies announced a collaboration to enhance its working capital offering for corporate clients.
Led by Enrico Viganò, CEO, Ervic Jace, CTO, FinDynamic is a company offering dynamic discounting programs. Its solution, leveraging on its proprietary technology, allows both the buyer and its suppliers to automatically view invoices through a web-based or mobile platform and select approved invoices for early payment.
The solution is currently in the roll-out phase to corporate customers in Italy.