(Alliance News) - Poste Italiane Spa and Allianz are strengthening their commitment to Moneyfarm by signing a new capital increase of GBP 10 million to support the growth of the digital asset management company, as reported by MF Milano Finanza.
Founded in 2011 by Giovanni Daprà and Paolo Galvani, Moneyfarm currently manages over EUR6 billion in Italy and the UK, with a positive operating result at the end of 2024.
The investment will be used to launch new products, expand the network of advisors, currently numbering 80, accelerate technological innovation, and strengthen compliance.
Among the new projects, Daprà announced the introduction of US stocks in foreign currencies and an ETF accumulation plan.
In the first four months of 2025, net inflows increased by 350% compared to the same period last year, while the Italian securities account grew sevenfold, exceeding EUR 100 million.
The industrial partnership with Poste, which distributes Moneyfarm's premium services, has driven flows from the agreement to multiply sixfold since the beginning of the year.
M&G, Cabot Square, and United Ventures also feature in the company's capital. Although the new investments will temporarily weigh on profitability, CEO Daprà expects a return to operating profit as early as the second half of 2025.
By Antonio Di Giorgio, Alliance News reporter
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