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Overview
Italian fintech startup Smartwage has raised €2 million in a pre-seed funding round led by Step Fund to modernize corporate welfare and enhance employee benefit accessibility. The investment includes an initial €1 million, with an additional €1 million contingent on growth milestones. Smartwage aims to address the issue of over 20% of corporate welfare budgets going unused by allowing employees to spend welfare credits with any merchant. The funding will accelerate product development and enhance AI capabilities.
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Investors: Step Fund
Italian fintech startup Smartwage has raised €2 million in a pre-seed funding round led by Step Fund to modernize corporate welfare and enhance employee benefit accessibility. The investment includes an initial €1 million, with an additional €1 million contingent on growth milestones. Smartwage aims to address the issue of over 20% of corporate welfare budgets going unused by allowing employees to spend welfare credits with any merchant. The funding will accelerate product development and enhance AI capabilities.