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About Us

MicroEurope was founded by leading practitioners in financial inclusion and impact investing.

Our team brings decades of experience in building, scaling, and investing in financial institutions around the world that generate measurable impact while ensuring financial sustainability.
Investment Team

Investment Team

Giampietro Pizzo

Executive Chair of the Board

Read profile Senior microfinance expert with longstanding experience in leading and coordinating technical assistance activities, structuring investment funds, and conducting evaluations and research projects for the microfinance sector globally. He has worked with a wide range of international organizations and multilateral institutions, including the European Commission (EC), theInternational Finance Corporation (IFC), the United Nations Capital Development Fund (UNCDF), the World Bank (WB) and the Italian Ministry of Foreign Affairs. He is the founder and Chairman of Microfinanza, founder and member of the Board of Microfinanza Rating and Chairman of the Italian Microfinance Network (RITMI).

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Emilio Ayanz

Chief Investment Officer

Read profile Investment professional with over 20 years of experience in private equity, venture capital, and impact investing, having structured, launched, and managed multiple investment vehicles across Europe and led more than 40 transactions, deploying over €1 billion in capital across M&A, growth equity, and buyouts. Emilio has launched and managed venture capital and private equity funds focused on social and environmental impact, raising over €100 million from both public and private institutional investors and family offices. He has overseen the full investment cycle, from fund structuring and capital raising to portfolio management and exits and has worked extensively with Limited Partners, Boards, and Co-Investors, ensuring strong alignment between financial performance and impact objectives, with a hands-on approach to value creation at both the fund and portfolio level.

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Pietro Scotto di Carlo

Investment Analyst

Read profile Investment professional with over 5 years of experience in private equity and debt investments in financial institutions, microfinance organizations, and impact funds operating in emerging and developed markets. During his career, Pietro has been involved in corporate finance advisory activities across different industries and contributed to grow and manage the investment portfolio of the Swiss Investment Fund for Emerging Markets (SIFEM), the Development Finance Institution of the Swiss Confederation.

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