The aims of the electric giant in the fintech payment system for the cross-selling of services
It is in the conquest Mooney, the formerSisal Pay, a payment company born of one spin-off of Sisal. The group led by Francesco Starace achieves the operation in alliance with Intesa Sanpaolo, formerly a minority shareholder of the company fintech controlled by private equity Cvc Capital. He writes it The sun 24 hours adding that the boards of directors of It is in the And Intesa Sanpaolo they gave the green light to the operation.
The scheme provides that the two groups, which today control 30% through Bank 5, have each a share of around 50%. The group Cvc Capital, on the other hand, completely leaves the companyand, by monetizing the investment, Mooney would be valued at € 1.5 billion. Advisor financial of the operation were Rothschild And Deutsche Bank. The alliance between the electricity company led by Francesco Starace and the bank administered by Carlo Messina, points to create a new champion in fintech.
In fact, Enel is stepping on the accelerator to enhance the fintech activities of Enel X Pay, a new player in the sector for payments. Mooney is one of the carriers that moves many transactions on the bills of all utilities and beyond, both digitally and through physical points. Even those of Enel.
The starting point of the operation is clear: centralize the control of payment of bills and through this, and not only this, build customer loyalty and attract others to sell other financial services And insurance or look at payments for electric mobility and charging infrastructures.
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