Founded in Sardinia, Italy, in 2009, Sardex S.p.A. created the SardexPay network as a mutual credit system to support local businesses. It operates as a business-to-business (B2B) community where member companies can buy and sell from one another without using traditional currency (Euros). Instead, they use digital credits (Sardex credits), where one credit is equivalent to one Euro. This model helps companies manage cash flow, find new customers within the network, and increase sales, particularly during periods of economic downturn. The company has since expanded its model to other regions across Italy and operates as a licensed Electronic Money Institution (EMI) under the supervision of the Bank of Italy.

Founded in

Italy