Introduction
Italian fintech startup Qomodo has raised €13.5 million in a Series A funding round led by RTP Global and LMDV Capital, with additional backing from Primo Capital, Proximity Capital, and business angels. Founded in 2023 by Gianluca Cocco and Gaetano De Maio, Qomodo offers an innovative “all-in-one” payment solution for merchants with physical stores, supporting both in-store and remote payments. The platform also includes buy now, pay later (BNPL) options. Following a €34.5 million pre-seed round in 2023, Qomodo has grown significantly, now serving over 2,500 merchants across Italy. The new funding will drive product expansion and boost its tech talent pool.
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FAQs
1. What services does Qomodo provide?
Qomodo offers an all-in-one payment solution for physical stores, supporting in-store and remote transactions. It provides multiple payment options, including buy now, pay later (BNPL), empowering merchants to cater to diverse customer preferences.
2. How will Qomodo use its latest funding?
The €13.5 million Series A funding will enable Qomodo to expand its product line and recruit skilled tech talent to support its growing customer base and enhance its platform’s capabilities.
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Conclusion
Qomodo’s €13.5 million Series A funding marks a milestone in its journey to revolutionize payment solutions for physical merchants. Since its inception in 2023, the company has demonstrated rapid growth, increasing its customer base fivefold and serving over 2,500 merchants across Italy. Its platform, which supports seamless in-store and remote transactions along with BNPL options, addresses the evolving needs of both merchants and customers. Backed by RTP Global, LMDV Capital, and other investors, Qomodo is set to enhance its offerings and attract top tech talent, ensuring continuous innovation. With this fresh infusion of capital, Qomodo is poised to solidify its position as a leading fintech player in the Italian market and beyond.
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