Young Platform S.p.a
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Young Platform S.p.a - overview
Established
2018
Location
Turin, -, Italy
Primary Industry
Financial Services
About
Founded in 2018 by Andrea Carollo, Andrea Ferrero, Daniele Rinaldi, Marco Ciarmoli, Samuele Raimondo, and Stefan A. Gheban, and based in Torino, Italy, Young Platform S. p. a.
is a fintech startup that develops and provides a cryptocurrency exchange platform that enables individuals to purchase products and services using cryptocurrencies. In September 2024, Azimut led a EUR 2. 65 million venture funding for Young Platform S. p.
a. The firm’s platform offers tools for managing digital assets, ranging from an easy-to-use app for beginners to a more advanced exchange for traders. Key features include the ability to buy, sell, and accumulate popular cryptocurrencies like Bitcoin, Ethereum, and Polkadot. Young Platform also provides educational resources, free courses, and gamified challenges where users can earn the platform's YNG token.
The company intends to use the September 2024 funding to facilitate the advancement of its products and services.
Current Investors
Seedrs Limited, United Ventures, Ithaca Investment
Primary Industry
Financial Services
Sub Industries
e-Financial, Web Applications, Accounting/Finance Software
Website
www.youngplatform.com
Verticals
Blockchain, Blockchain, FinTech, Mobile Apps
Company Stage
Series B
Total Amount Raised
Subscriber access only
Young Platform S.p.a - timeline of key events
Young Platform S.p.a - financials
| Fiscal Year Ended | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|
| Revenue (USD) | 4,020 | - | 129,714 | 1,487,970 | - | - | - |
| % Revenue Growth (YoY) | - | (100.0%) | - | 1047.1% | - | - | - |
| EBITDA (USD) | (2,274) | (14,292) | 37,171 | (489,064) | - | - | - |
| Operating Income (USD) | (2,274) | (14,292) | 37,171 | (886,446) | - | - | - |
| Operating Margin | (56.6%) | - | 28.7% | (59.6%) | - | - | - |
| % EBITDA Margin | (56.6%) | - | 28.7% | (32.9%) | - | - | - |
| NET Income (USD) | (1,069) | (13,978) | 30,267 | (663,668) | - | - | - |
| % Net Margin | (26.6%) | - | 23.3% | (44.6%) | - | - | - |
Young Platform S.p.a - employee data
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