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FARE INSIEME STARTUP - Ep. 5 - Factanza, that winning idea of information for young people that has become a media company

«Siamo una generazione più povera in un mondo più difficile e lo documentiamo in quello che facciamo»

12/10/2023

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An editorial start-up was born in Milan in 2020 to rethink information for younger people. This is how Factanza was born, which today has a community of one million users under 35 spread across Instagram, TikTok, Telegram, Linkedin and YouTube. Giampaolo Colletti interviews Bianca Arrighini, CEO and co-founder of Factanza for FARE INSIEME

FARE INSIEME STARTUP is the spin-off of the FARE INSIEME project, dedicated to presenting some businesses that form part of the Primo Ventures portfolio, a company that manages funds specialising in the digital sector and new space economy. Confindustria Emilia has started up a partnership with Primo Ventures with the objective of providing its associates with new opportunities for growth thanks to the presentation of the most innovative start-ups on the market. Here are some of their stories.

by Giampaolo Colletti
@gpcolletti

There are companies that arise from apparently trivial intuitions, but which prove successful in grasping the evolution of markets, relationships and consumption. The story we are about to tell best illustrates a brilliant idea - one could define it as "wow" - which is rewriting the understanding of information for younger people through social media. But to explain it better, let's take a step back. In time and space. The whole picture is the whole image. That is, the overall vision. This is the claim launched by the authoritative English newspaper The Guardian already in the 1980s. But while this overall vision back in 1984, the year the message was adopted, was expressed exclusively thanks to the journalistic role, today everything is rethought in an indistinct amalgam that sees the end user as central.

Values and channels.
From the social world of The Guardian to the editorial challenges of our own context. A publishing start-up was born in Italy a few years ago, which is leading the way. It all started in 2019 within the Bocconi University. Bianca Arrighini and Livia Viganò – both born in 1997 and at the time students in Economics at Bocconi – realised that no one was getting information by reading the paper newspaper. «In our third year of university we decided that we could think about bringing information to young people by focusing on their channels and their language, which is also ours. So we chose the photographic social network Instagram in a very natural way, because both we and our peers spent a lot of time there - almost up to ten hours - and at the time it was used very little for information», says Bianca Arrighini, CEO and co-founder of Factanza. So, this is the name of the new media company with thousands of followers that has the aim to make information and current affairs smarter and more accessible to younger people. A claim that is a manifesto of values: the information that creates (in)dependence. Because the goal is to explain the world in a few seconds. Factanza was thus born to revolutionise the world of information, adapting it to the way of communicating of the new generations. It is responsible for disseminating essential information on its social channels every day so as to be updated on current events in just a few minutes, with formats created to capture attention and make users more aware of what is happening in the world. It has a community of 1 million users under 35, distributed across Instagram, TikTok, Telegram, Linkedin and Facebook. Its business model is based on branded content: content sponsored on Factanza profiles by companies that want to communicate their values and initiatives to an audience that would otherwise be difficult to reach. And the target?  Becoming the new point of reference for quality information on social media for Zoomers and Millennials, filling a market void by providing educational information and news that helps new generations understand what is happening in the world.

Company profile.
Today the headquarters is in Milan, in the iconic Porta Venezia, a crossroads of cultures. The team is made up of fourteen people. There is the editorial part, the graphics part and then the commercial part. «Today it is complicated to find the right figures because it is very different to write a traditional article for social use, that is, to explain complex facts in a simple but not simplistic way. We search for profiles that convince us from an attitudinal point of view: that is, girls and boys who are curious, proactive, and problem-solvers», says Arrighini. Meanwhile, the editorial project was supported by Primo dPixel in 2021 with 30 thousand euros dedicated to the acceleration and the turnover for the year is estimated at 1 million euros. The mission is always that of the debut: to bring accessible information to the new generations with a very specific editorial line, expanding products and services. We talk about contemporaneity, including frontier themes. «We have dealt with mental health or meritocracy. We are a poorer generation in a more difficult world and we document it in what we do», concludes Arrighini. Looking at the present, wondering about the future. What incredible challenges!

https://podcast.confindustriaemilia.it/

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