Qomodo, an Italian fintech startup, has secured €13.5 million in a Series A funding round co-led by RTP Global and LMDV Capital. Proximity Capital, Primo Capital, and notable investors, including the founders of FACEIT, Fiscozen, and Freetrade through Lumen Ventures, also participated in the round. This latest investment brings Qomodo’s total funding to €48 million within 12 months of its launch.
Founded in 2023 by Gianluca Cocco and Gaetano de Maio, Qomodo offers a smart payment solution that improves cash flow and increases earnings potential for micro and small businesses. The company’s flagship product, a Buy Now, Pay Later (BNPL) solution, allows consumers to make flexible, interest-free installment payments, driving higher sales for merchants while reducing credit risks. Qomodo’s smart payment platform simplifies and secures transactions, helping merchants reduce costs and streamline operations.
In less than a year, the company serves 2,500 physical merchants across Italy, with 20% utilizing both the BNPL service and the innovative smart Point of Sale (POS) system.
Funding fuels Qomodo’s growth plans
The latest funding will enable Qomodo to diversify its product offerings, creating a comprehensive ecosystem that addresses the administrative and transactional needs of physical merchants.
The company plans to leverage advanced AI applications to scale operations and support more merchants across Italy while attracting new tech talents to join its team. Gianluca Cocco, CEO and Co-Founder of Qomodo, stated, “This funding allows us to continue transforming how physical merchants operate, giving them access to smarter, more flexible payment options. We’re incredibly proud of the growth we’ve achieved, but this is just the beginning.”
Louis Dussart, VP Europe at RTP Global, commented, “Italy has been waiting for a B2B fintech champion, and that’s why we are delighted to back Qomodo.
There’s a huge opportunity, given Italy’s significant domestic market and the country’s numerous SMBs, to revolutionize and enhance in-store shopping experiences for both retailers and consumers.
Leonardo Maria Del Vecchio, Chairman of LMDV Capital, remarked, “We are thrilled to announce this investment, a significant strategic move and a tribute to the talent and excellence of Italian craftsmanship. We have closely followed Gianluca and Gaetano’s journey from the outset, admiring their ability to turn an idea into a tangible project and scale the business with determination and vision.
Qomodo has already partnered with renowned retailers such as Decathlon, Calzedonia, Moschino, Samsonite, Nike, and Pandora. With this new funding, the company is poised to extend its reach and support more physical retailers in offering modern payment solutions that can drive sales and customer satisfaction.
