Italian Fintech Firm Qomodo Raises €34.5 Million for BNPL Retail Solutions

Milan-based Qomodo, an all-in-one payment aggregator, has raised €34.5 million in Pre-Seed funding to provide a variety of payment options, including BNPL solutions, to physical merchants and customers. Co-founders Gianluca Cocco and Gaetano De Maio aim to support brick-and-mortar businesses with innovative payment methods.

Qomodo is introducing a buy-now-pay-later financing mechanism to the business-to-business market, offering retailers a new way to finance working capital. The company also offers payment management services to reduce stress related to chargebacks and fraud.

Despite being in stealth mode, Qomodo has attracted interest from more than 500 merchants and is working on API integrations to onboard thousands of physical merchants, both small and large chains.

Notable investors in Qomodo's €34.5 million Pre-Seed funding round include Ithaca Investment, Lumen Ventures, Proximity Capital, Exor Ventures, Primo Ventures, and Fasanara Capital. Several angel investors have also joined the cap table.