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Banca Sella and Workinvoice Partner to Build Fintech Services for Corporates

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Said to be one of the first open banking partnerships in Italy, Banca Sella and Workinvoice have announced a partnership to develop end-to-end digital financial services for corporates.

According to a note from the company, Workinvoice will integrate digital products for corporates, like services for working capital and factoring, into Banca Sella’s platform. The collaboration between Banca Sella and Workinvoice will provide the bank’s corporate customers with more convenient solutions f0r accessing capital. Factoring is expected to be the first service offered which will allow companies to gain improved liquidity in their payment cycle.

This will be followed by a “digital reverse factoring service” for supply chain financing and will be available to medium-sized companies (revenue of €50M to €300M).

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