Medici Bank
The Medici Bank was a financial institution founded by the Medici family in Florence during the Renaissance, one of the most powerful in Europe.
Last updated August 20, 2026
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Overview
The Medici Bank was founded by Giovanni di Bicci de' Medici in Florence in 1397, serving as the foundation of the Medici family's wealth and power. Through innovative financial instruments and a vast European network, it became one of the most successful banks of its time, funding art and architecture and supporting popes and royalty. The bank collapsed in 1494 due to political turmoil and mismanagement.
Products and positioning
Renaissance-era elite banking and finance
Product categories. banking · foreign exchange · letters of credit
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