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Payments and fiscal solutions are two - a - penny at this compass point , but mostly for on-line e - commerce . What about forcible stores ? In 2023Qomodo , a Milan - based “ all - in - one ” payment method collector for forcible merchant , amount out with a € 34.5 million ( $ 36.9 million)pre - seed round(mostly debt ) , which we covered , to expand the BNPL model into other categories .
It ’s now upraise € 13.5 million ( $ 13.9 million ) in a Series A financing . The round was co - led by RTP Global and LMDV Capital , with involution from Proximity Capital , Primo Capital , as well as other notable investor including the founders of FACEIT , Fiscozen , and Freetrade ( the latter through Lumen Ventures ) . That think it ’s now raised € 48 million in total ( $ 49.6 million — so , € 18 million of fairness , € 30 million of credit facility ) .
ground in 2023 by entrepreneurs Gianluca Cocco and Gaetano de Maio , Qomodo take to now serve 2,500 forcible merchants , mostly in Italy .
The idea is that Qomodo lets small businesses improve their hard cash flowing and increase gross with a BNPL solvent which countenance consumer make flexible , stake - free installments on items buy in - memory board .
This means retailers are more likely to make sales event , while at the same clip reducing the cite risk from client .
speak to TechCrunch , Gianluca Cocco , CEO and co - founder of Qomodo , said : “ Our software basically simplify the merchant transaction to help them thin payment fees and streamline their operation . you could say that we are digitize SMBs that have been left behind by fintech in the physical populace . ”
“ It ’s a form of 360 degrees approach , ” he lend . “ We have a BNPL and POS solution but we are also going to launch other banking product like card and bank accounts . ”
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He said they are in a blank space where fintech is not that present , or not at all : “ Because this is about physical merchandiser . unremarkably , financial institutions provide personal loans and traditional lending products , or banking products . So those are our factual main competition . ”
Louis Dussart , VP , Europe , RTP Global , commented in a affirmation : “ Italy has been wait for a B2B fintech champion and that ’s why we are delighted to back Qomodo . There ’s a huge opportunity , given Italy ’s pregnant domesticated market and standing as the ‘ country of SMBs ’ , to revolutionize and raise in - store shopping experiences – for both retailer and consumer . ”
Qomodo has already partner with retailers such as Decathlon , Calzedonia , Moschino , Samsonite , Nike , and Pandora .
