Qomodo, an Italian startup that assists physical merchants in providing BNPL (buy now, pay later) payment options to customers, has successfully raised €13.5 million in Series A funding.
The funding round was co-led by RTP Global and LMDV Capital, with additional contributions from Proximity Capital and Primo Capital. This latest round brings Qomodo’s total capital raised to €18 million in equity, along with a €30 million credit facility, just 12 months after its launch.
Qomodo’s digital ecosystem is tailored to empower micro and small businesses by enhancing cash flow and maximizing revenue potential. Its main product introduces buy now, pay later solutions to high street retailers, allowing consumers to make flexible, interest-free installment payments. According to the company, this approach not only drives increased sales for merchants but also mitigates credit risks, simplifies transactions, and reduces costs.
With over 2,500 physical merchants already served in Italy, Qomodo plans to utilize the funds to broaden its product offerings, hire new talent, and enhance its use of AI technology.
Gianluca Cocco, CEO of Qomodo, stated, “This funding allows us to continue transforming how physical merchants operate by offering them access to smarter, more flexible payment options.” Gaetano de Maio, COO of Qomodo, added, “The new funding will enable us to bridge the gap between online and physical retail through a comprehensive smart payment system that provides physical merchants with the same convenience and flexibility enjoyed by e-commerce leaders.”