Italy-based fintech Qomodo has raised €13.5 million in Series A funding to accelerate the development of AI-driven payment solutions tailored for small and medium-sized enterprises (SMEs). The round was co-led by RTP Global and LMDV Capital, with participation from Proximity Capital, Primo Capital, and notable fintech founders. This brings Qomodo’s total funding within its first year to €48 million, including €18 million in equity and a €30 million credit facility.
Qomodo provides an AI-enhanced payment platform that simplifies transactions for businesses, offering BNPL (Buy Now, Pay Later) solutions, revenue optimization tools, and secure payment processing. Designed to serve physical merchants in industries such as dental care, beauty, veterinary services, and auto repair, the platform helps businesses manage cash flow while enabling customers to pay in flexible, interest-free instalments.
Since its launch, Qomodo has reported 500% customer growth, with 20% of its users adopting BNPL and POS solutions. The new funding will allow the company to expand its portfolio, enhance AI-powered automation, and further support Italian merchants in streamlining transactions and increasing revenue potential. With its smart, flexible payment solutions, Qomodo continues to drive innovation in SME financial services.
