BCC Pay is an e-payment services company providing card issuing and merchant acquiring services. Set up as an IMEL (Istituto di Moneta Elettronica) it manages c. 4.1 mln payment cards and 214k POS.
BCC Pay
INVESTMENT DATE
August 2022
Company Profile
The Investment
The FSI investment, pursued in partnership with Iccrea Group (3rd largest banking group in Italy, including 128 affiliated “BCCs” banks and 2,500 branches), aims to scale up the business and create an independent player to address mid-size banks.
BCC Pay operates an asset-light business model with growth potential provided by product offer enlargement potential, penetration upside on banking network, and e-payment usage uptake in Italy (currently significantly below European average)..