Sardex is the creator of Sardex.net, an integrated circuit based on multilateral netting of credits and payments, designed to facilitate economic relations between economic entities operating in a given territory. Companies taking part in this additional market, finance each other interest-free by using digital credit for their payments with the value of an euro (1 SRD=1 EURO) that may be spent inside Sardex.net.
Operating from 2010, Sardex.net was born in 2009 in Sardinia to support the local economy in a difficult period as a complementary and supplementary market for all member companies that, in this way, can take advantage from their untapped productive potential: products and services.
Sardex is currently an S.p.a company with 50 employees and a network of about 4 thousand members, including companies and professionals, all based in Sardinia. Today, after 7 years of activity, it is present also in a further 11 Italian regions (Piemonte, Valle d’Aosta, Lombardia, Veneto, Emilia-Romagna, Marche, Umbria, Lazio, Campania, Abruzzo, Molise-Sannio).
“By the end of the year we’ll close at a value of 300 million of credits, in terms of services and products traded inside Sardex.net” claims Gabriele Littera, CEO of Sardex, now looking for new local partners to start circuits in regions yet unconnected.
Like “software” at the service of local companies, Sardex can be installed on an “hardware”, the local economic circle, and replicated as well in a foreign country. Developed so far with a focus on SMEs and professionals, now this company is extending its scope for action working on projects with the Public Administration and opening up Sarex.net access for consumers.
Joining Fintech District to consolidate its presence not only in the Italian market, Sardex considers it “the ideal place to carry on with our growth” Littera explains, revealing his expectations: “find breeding ground in terms of business opportunities and connections with equally innovative companies in order to make our model increasingly attractive and pioneering.