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Altin Kadareja



Cardo AI closes another funding round of €3.5 million to accelerate the growth plan 

Cardo AI, an Italian fintech that develops AI-based solutions for private debt markets, has closed a €3.5 million funding round. 
The capital raised will allow the company to consolidate its offering and strengthen its team while preparing to further expand its operations in Europe and the UK.

Addressing the challenges in private debt data management

Cardo AI is an investment technology solution supporting Institutional investors, banks, and credit servicers to better manage their private debt investments. The private debt market still heavily relies on manual processes and spreadsheets bringing higher costs, longer times, and high operational risks. Today, institutional investors and asset managers require speed and true intelligence to operate in a highly competitive market. At the same time, the interaction and communication with asset owners, regulators, and other market participants should be transparent and real-time. Cardo AI technological suite addresses all these issues by offering a seamless and automated data management solution. 
Our mission is to transform how private debt’s investments are managed, allowing a more efficient, faster, and better-connected market Altin Kadareja
Cardo AI has grown significantly in the last year and asset managers, banks and pension funds are now using this technology suite to manage over €3 billion of assets, more than 20 SPVs, and over 30 transactions. Cardo AI counts today over 60 talents located in different offices in Milan, London, and Tirana. The company plans to double its team in the next 9 months and is actively recruiting across different functions in data science, software and data engineering, business development, and operations.
This new round of investment is a very important milestone for our company. It will accelerate our business growth, allowing us to attract the right talent and serve new clients. We look forward to continuing the pace of change and disruption that we are bringing to the private debt markets, with new innovative products and features. Altin Kadareja
Francesco Filia, CEO & CIO of Fasanara Capital Ltd, commented on the investment as follows: “Investing in fintech solutions has always been a key driver of our growth strategy. Cardo AI’s technology is radically changing how alternative investments are managed. Their products enable faster and scalable operations, as well as smarter data-driven decision-making. Cardo AI has achieved great results in the last year and we’re glad to support their next growth phase, consolidating their presence in the European market and opening up new growth trajectories

About the author

Altin Kadareja

Altin Kadareja is the CEO and co-founder of Cardo AI. Prior to founding Cardo AI, Altin has covered several investment and risk management roles at BlackRock, Prometeia, Intesa Sanpaolo and Allianz Bank Financial Advisors across different European markets. He holds a master of science degree in Economics and Management of Innovation and Technology from Bocconi University in Milan and followed an executive program in Risk Management at Imperial Business School in London.