SardexPay runs a complementary‑currency platform for Italian SMEs and freelancers, enabling B2B trade with Sardex credits that are pegged 1:1 to the euro. The service includes a digital account, a SardexPay debit card, and an optional zero‑interest credit line (Efficio+), with automated Euro‑denominated invoicing that integrates with standard ERP systems. By using the network of vetted partners, members can preserve cash balances while expanding their supplier and buyer base.
Funding
$1.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
SMEs and freelancers often face cash‑flow constraints because traditional bank credit is costly or unavailable, and they struggle to discover new trading partners beyond their local network. This limits their ability to sell excess capacity and to source inputs without depleting euro liquidity.
Solution
SardexPay operates a national complementary‑currency platform that lets registered businesses transact goods and services using Sardex credits, which are pegged 1:1 to the euro. By moving trade to Sardex, firms preserve their cash balances while accessing a pool of thousands of vetted B2B partners across Italy. The platform provides a digital account, a SardexPay card for point‑of‑sale purchases, and an optional zero‑interest credit line (Efficio+) for short‑term financing. All transactions generate standard Euro‑denominated invoices, ensuring seamless integration with existing accounting systems. The network is supported by a secure, cloud‑based ledger and a customer‑care team that assists members in finding matches and managing credit.
Target Audience
The primary customers are Italian SMEs, independent professionals, and trade associations seeking to expand their supplier and buyer base while preserving cash flow. Secondary users include larger enterprises that want to offer employee Sardex accounts or integrate Sardex payments into their procurement processes.
Features
- Web‑based dashboard and mobile app that display real‑time Sardex balances, transaction history, and partner listings.
- Integrated digital account and SardexPay debit card enabling instant purchases within the circuit without converting to euros.
- Efficio+ zero‑interest credit line (18–36 month repayment) automatically debited from the Sardex account, with streamlined underwriting for members active ≥ 6 months.
- Automated invoice generation (1 Sardex = 1 €) that complies with Italian tax regulations and can be exported to standard ERP systems.
- No transaction fees; revenue derived from an annual membership renewal fee that scales with the member’s growth in the circuit.
- API and data‑exchange layer for partners to publish product catalogs and receive purchase orders directly into the Sardex ecosystem.
- Dedicated broker support, online marketplace listings, and promotional tools (unlimited ads, cashback programs) to increase visibility among peers.
- End‑to‑end encryption and role‑based access controls ensuring data privacy and compliance with GDPR.