Qomodo, the Milan-based “all-in-one” good cost resolution for bodily retailers, proclaims it has raised €13.5 million in Collection A funding to be able to develop AI instruments geared toward increasing its portfolio.
The spherical was co-led by RTP World and LMDV Capital, with participation from Proximity Capital, Primo Capital in addition to different notable buyers together with the founders of FACEIT, Fiscozen and Freetrade (the latter by way of Lumen Ventures).
This builds on beforehand raised capital on the pre-seed stage which included participation from the Elkann-Agnelli, Berlusconi, and Moratti household places of work. It brings the full funds raised by Qomodo inside simply 12 months of its launch to €48 million (€18 million of fairness, €30 million of credit score facility).
Gianluca Cocco, CEO and Co-Founding father of Qomodo, shared: “As entrepreneurs with a deep ardour for Italy, we noticed an actual alternative to convey much-needed innovation to the home market. This funding permits us to proceed remodeling how bodily retailers function, giving them entry to smarter, extra versatile cost choices. We’re extremely pleased with the expansion we’ve achieved, however that is only the start. With the continued help of each Italian and international buyers, we’re poised to reshape funds in Italy.”
Based in 2023 by seasoned entrepreneurs Gianluca Cocco and Gaetano De Maio, Qomodo is an progressive fintech firm with a crew of fifty. Qomodo gives seamless, all-in-one cost options designed to simplify and improve the transaction expertise for each retailers and customers, supporting each in-store and distant funds.
With a give attention to maximising income and supporting enterprise progress for bodily retailers, Qomodo’s expertise empowers over 2,500 companies—from magnificence centres to dental practices, veterinary clinics, and auto restore retailers—by delivering safe, dependable income assortment instruments.
Qomodo’s digital ecosystem is designed to empower micro and small companies by enhancing money circulate and growing income potential. Its flagship product, the Purchase Now, Pay Later (BNPL) resolution, allows customers to make versatile, interest-free instalment funds. Qomodo argues that this not solely drives larger gross sales for retailers but in addition reduces credit score dangers.
The newest funding spherical will allow Qomodo to develop its product portfolio to supply a complete ecosystem addressing the executive and transactional wants of bodily retailers, and leverage superior AI functions to scale operations and help 1000’s extra retailers throughout Italy.
Gaetano de Maio, Co-Founder and COO of Qomodo, added: “In simply over 12 months, we now have raised over 48 million euros, a real file, pushed by the robust market demand for innovation—particularly, digital funds and BNPL. […] The brand new funding will enable Qomodo to proceed bridging the hole between on-line and bodily retail with an all-in-one good cost system that empowers bodily retailers to supply their clients the identical comfort and adaptability as e-commerce giants.”
In about 12 months, since launching the platform Qomodo has achieved the next key milestones:
- +500% Buyer Development: Qomodo has grown its buyer base fivefold in lower than a yr, now supporting over 2,500 retailers.
- Complete Product Suite: 20% of Qomodo’s clients now use each its BNPL service and the good Level of Sale (POS) system, which simplifies cost processes and reduces monetary dangers for small companies.
- Subsequent-Gen Options: Qomodo’s Purchase Now Pay Later (BNPL) product is remodeling how retailers and their clients work together, permitting versatile, interest-free instalment funds. This has been impactful for customers dealing with sudden prices, equivalent to vet payments or giant one-time purchases, whereas decreasing the credit score threat for small companies.
Louis Dussart, VP, Europe, RTP World, commented: “Italy has been ready for a B2B fintech champion and that’s why we’re delighted to again Qomodo. There’s an enormous alternative, given Italy’s vital home market and standing because the ‘nation of SMBs’, to revolutionise and improve in-store procuring experiences – for each retailers and customers. Gianluca and Gaetano have the imaginative and prescient and the prior expertise of scaling start-ups within the area to realize this potential. We sit up for partnering with them at each stage of their journey.”
Leonardo Maria Del Vecchio, Chairman of LMDV Capital, concludes: “We’re thrilled to announce this funding, a step that represents not solely a major strategic transfer but in addition a tribute to the expertise and excellence of Italian craftsmanship. Now we have carefully adopted Gianluca and Gaetano’s journey from the very starting, admiring their capability to show an concept right into a tangible challenge, validate the product in file time, and scale the enterprise with willpower and imaginative and prescient.”
