Italian fintech Qomodo lands €34.5m pre-seed funding

Funding Round: Qomodo, a Milan-based startup, secures €34.5 million in a pre-seed funding round led by Fasanara Capital.
Investors: The funding includes credit lines and equity, with participation from Exor Ventures, Proximity Capital, Notion Capital, Octopus Ventures, and others. Angel investors like Scalapay CEO Simone Mancini and Credit Kudos founder Freddy Kelly are also involved.
Founders and Focus: Founded by Gianluca Cocco and Gaetano De Maio, Qomodo positions itself as an “aggregator of payment systems,” aiming to enhance cash flow for merchants and offer interest-free flexible payment options for customers.
Payment Solutions: Qomodo plans to use the funds to launch payment solutions like SmartPOS, Tap-to-Phone, and Buy Now, pay later (BNPL), focusing on providing immediate, safe, and transparent collections for merchants and expanding payment options for customers.
Adoption and Growth: Claiming over 500 merchants adopting its solutions during stealth mode, Qomodo anticipates rapid growth propelled by early market signals, investor trust, and international partner interest. CEO Gianluca Cocco foresees capturing hundreds or even thousands of new merchants monthly.
Market Positioning: Qomodo aims to bring the advantages of online payments to physical stores, emphasizing essential expenses as a specific focus.