Qomodo raises €13.5M Series A to transform BNPL payments for physical retailers in Italy

Milan-based Qomodo has secured €13.5 million in Series A funding, marking a significant milestone just a year after raising €34.5 million in a record-setting pre-seed round. The funding, co-led by RTP Global and LMDV Capital, brings the company’s total raised to €48 million.

Founded in 2023 by entrepreneurs Gianluca Cocco and Gaetano de Maio, Qomodo supports small businesses by offering a Buy Now Pay Later (BNPL) solution designed specifically for physical stores. The service allows consumers to split in-store purchases into flexible, interest-free payments, helping businesses improve cash flow and boost revenue.

Qomodo focuses on providing small retailers with tools that bring the convenience and efficiency of e-commerce to brick-and-mortar businesses. Over the past year, the company has grown its customer base by 500%, now serving more than 2,500 merchants across Italy, including beauty salons, veterinary clinics, and other local businesses.

Commenting on the funding, co-founder and CEO Gianluca Cocco said:

“Our experience building startups abroad inspired us to address the unique challenges faced by micro-enterprises in Italy. We’ve created solutions that make managing payments smarter and more flexible, ensuring businesses can focus on what they do best.”

Italian Startup Qomodo Raises €13.5M Funding to Transform Payments for Physical Retailers

This latest funding round attracted top-tier investors, led by RTP Global and LMDV Capital. RTP Global, known for its early bets on unicorns like Delivery Hero and Datadog, sees Qomodo as a strong contender in Europe’s fintech landscape. LMDV Capital, the family office of Leonardo Maria Del Vecchio, co-led the round, signaling a shared belief in Qomodo’s potential.

Existing backers, including Proximity Capital and Primo Capital, also participated, alongside a roster of high-profile angel investors like the founders of FACEIT and Smartpricing.

Louis Dussart of RTP Global summed up the appeal: “Italy’s fintech market has been waiting for a standout B2B player. With its experienced founders and a massive untapped market of small businesses, Qomodo is uniquely positioned to lead.”

Scaling Smarter

So, what’s next for Qomodo? The new funding will power ambitious growth plans, including:

• Expanding the Product Ecosystem: Qomodo is doubling down on its mission to simplify operations for merchants by introducing new tools that streamline administrative processes.
• Leveraging AI: Artificial intelligence will play a key role in scaling operations to support thousands of businesses more efficiently.
• Attracting Top Talent: The company plans to bring in skilled tech professionals to drive its next phase of growth.

Meanwhile, Qomodo continues to refine its standout BNPL feature. This flexible payment option has been a game-changer for consumers handling unexpected expenses, like veterinary bills or major purchases while reducing credit risks for merchants.

Bridging Online and Offline Retail Experiences

Qomodo’s solutions aim to narrow the gap between online and offline retail experiences. Its smart payment system allows brick-and-mortar shops to offer the same level of convenience and flexibility as leading e-commerce platforms.

“We’re enabling physical retailers to provide their customers with options that were once exclusive to the online world,” said COO Gaetano de Maio. “It’s about empowering small businesses while giving consumers the flexibility they need—often with a response time as quick as 45 seconds.”

Looking Ahead

Set to grow its presence further, Qomodo is positioning itself as a trailblazer in Italy’s fintech sector. Whether it’s equipping merchants with smarter tools or introducing cutting-edge payment options, the company is on a mission to transform how businesses and consumers interact.

With €48 million raised and backing from some of the biggest names in venture capital, Qomodo is proving that Italian fintech is ready to compete—and thrive—on the global stage.