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Italian investment bank Cassa Depositi e Prestiti (CDP) has committed €20m (£17.75m) to fund businesses through European peer-to-peer lender October’s platform. The funding will reach Italian small- and medium-sized enterprises (SMEs) through October’s SME IV private debt fund. The fund lends through October’s P2P lending platform. It increases overall commitments in the fund to almost €135m, with existing funding from the French Public Investment Bank, the European Investment Fund and the Spanish Official Credit Institute. “With the investment in the October SME IV Fund, CDP continues its plan to support Italian SMEs and small-mid caps, particularly after the severe health emergency that hit our country,” Paolo Calcagnini, chief business officer at CDP, said. ....
Italy: Cassa Depositi e Prestiti Invests €20 Million in October SME IV Fund January 22, 2021 @ 12:38 pm By JD Alois Cassa Depositi e Prestiti SpA (CDP) an Italian investment bank founded in 1850 in Turin that is largely owned by the Italian government, has decided to invest in digital lender October’s SME fund. According to a statement by CDP, the bank has committed €20 million to the October SME IV fund designed to support Italian SMEs and small/mid-caps. The fund is seeking up to €250 million and now stands at €134 million with CDPs participation. October SME IV is a pan-European private debt fund for SMEs. ....