(Alliance News) - Smart Capital Spa, through its subsidiary Smart4Tech, CrowdFundMe Spa, and WeAreStarting announced on Monday that they have signed an agreement for the merger by incorporation of Smart4Tech and WeAreStarting into CrowdFundMe.

The goal is to create a listed, integrated group dedicated to alternative finance and advisory services for Italian SMEs.

The project aims to combine crowdfunding, technology, and strategic consulting, building a unique platform capable of supporting companies from structuring their operations to raising capital through equity, lending, minibonds, and other alternative finance instruments.

The transaction provides for a capital increase by CrowdFundMe with the issuance of approximately 4 million new shares, allocated to the shareholders of Smart4Tech and WeAreStarting based on defined exchange ratios and subject to verification by KPMG. Closing is expected by the first half of 2026, pending regulatory authorizations and shareholder approvals.

Following the merger, Smart Capital will hold about 31% of CrowdFundMe, which will remain listed on EGM, with a free float close to 46%. A three-year shareholders' agreement is planned, including a lock-up and shared governance: Tommaso Baldissera Pacchetti will serve as CEO until 2028, while the chairmanship will go to Laura Pedrinazzi.

The operation aims to create a reference hub for SME growth, leveraging the complementarity between crowdfunding platforms, Smart4Tech's technological know-how, and Smart Capital's "permanent capital" approach.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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