Milano has a vibrant and international fintech ecosystem with a diversified supply of products and solutions. The startup community is strongly supported by the government, regulators – Banca d’Italia and Consob – universities, and large financial institutions. The city is home to Fintech District, the established reference point for Italy’s fintech ecosystem. It aggregates leading fintech operators and technology, media, and capital partners to foster collaboration, competition, service interoperability, and open innovation.

The community has also given rise to business associations such as ItaliaFintech and AssoFintech, which actively advocate for regulations and standards that support the continued growth of new fintech instruments. Many traditional Milanese financial services companies now embrace the fintech community - not as a threat, but as a driver for innovation and partnerships. With over 70 incubators and accelerator programs, Milano offers a solid foundation for startups and scaleups.

The city hosts major innovation hubs such as Le Village by Credit Agricole, and Banca d’Italia recently established in Milano a new structure dedicated to coordination and innovation in the fintech field. This new fintech hub will also oversee the retail payment instruments and services supply chain. In 2020, Cassa Depositi e Prestiti (CDP) launched a fintech accelerator in Milano to support top-tier fintech and insurtech startups, promoting digital and financial innovation.

Milano is also a global hub for financial and business services, home to 5700 multinational companies employing over 634,000 residents. Seven of the world’s top ten multinational companies operating in Italy, including Google, Facebook, Microsoft, and Cisco, have chosen Milano for their branch offices.

Thanks to its strategic location, robust economy, and fast-growing business environment, Milano is increasingly attracting international venture capital (VC) investors.
In 2024, the region attracted increasing levels of venture capital: €693 million (62% of the Italian total and +6.5% compared to 2023. Since 2019, Milano has raised €3.9 billion in VC investment, ranking as Europe's 15th leading hub Fintech is the leading sector, with Milano fintech startups having raised over €1.2 billion since 2019, putting Milano in the 8th place in Europe for fintech VC investment and accounting for 87% of the sector’s funding in Italy.