Milan Based Qomodo Receives €34.5 Million Investment

Milan-based Qomodo has raised €34.5 million in Pre-Seed funding, offering a variety of payment solutions, including BNPL options, for retailers and consumers. Given the number of challenges facing physical retailers, it is worth noting for Qomodo founders. Gianluca Cocco, former managing director of Foodora Italy, and Gaetano De Maio, former SumUp Italy country manager, sought to bring a new solution to the market. Similar to what Berlin-based Mondu has implemented, Qomodo is now bringing the buy-later-pay financial mechanism to the B2B sector. It also provides merchants with a new way of financing working capital to pay for often necessary but unforeseen expenses.

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Qomodo Also Manages Customer Payments

The company also takes over the management of customer payments to its offer. This reduces the stress of chargebacks, fraud, multi-currency, etc. According to the startup, its service has attracted the interest of about 500+ sellers while operating in stealth mode. Similarly for Qomodo. It states that a number of agreements are being worked on that will enable the participation of "thousands" of physical retailers, including both independent and large chains, through an API integration.

We should also mention for Qomodo's €34.5 million Pre-Seed financing round. It was led by Fasanara Capital. Let's talk about the other participants of the Italy-based company's investment round. Exor Ventures, Proximity Capital, Ithaca Investment, Lumen Ventures, The Techshop, Primo Ventures, Notion Capital, Octopus Ventures and Plug&Play took part. In addition, Mark Ransford, Luca Ascani, Attilio Mazzilli, Simone Mancini, Benedetta Arese Lucini, Kai Hansen, Giorgio Tinacci, Stiven Muccioli, Freddy Kelly, Christer Holloman, Raffaele Terrone, Andrea Gennarini, Giuseppe Lacerenza, Pietro Invernizzi, Serge Chiaramonte, William Neale participated in the 34.5 million euro investment round as angel investors.