back Back

Qomodo raises €34.5m pre-seed to bring BNPL to physical stores

By Gloria Methri

November 07, 2023

  • BNPL
  • Buy Now Pay Later
  • Card Acceptance

Qomodo, Fasanara Capital, BNPL, FinTech, ItalyItalian FinTech Qomodo has raised €34.5 million in a seed funding round led by Fasanara Capital. The company is introducing a suite of smart payment solutions to physical retailers, including a Buy Now Pay Later (BNPL) formula for unexpected expenses.

Qomodo is positioned as a “simplifier” that enables retailers to expand their businesses by ensuring immediate, secure, and transparent collections, while also increasing the spending opportunities for their loyal customers through interest-free installments.

Physical stores are left out in the cold when it comes to competing online stores, partly due to their limited offering of flexible payment options. Qomodo aims to level the playing field by providing the necessary tools, like its BNPL solution, to physical retailers.

Furthermore, bricks-and-mortar stores currently face challenges such as managing customer payments, which causes stress, and hinders their ability to focus on core operations.

Qomodo positions itself in the digital payments market as an “all-in-one” payment methods aggregator, allowing physical commercial operators to safeguard and expand their cash flow and offer BNPL payments to customers, in addition to one-time payments.

The FinTech focuses on merchants providing services for essential yet often unforeseen expenses, which typically involve a higher transaction value.

Over 500 merchants adopted Qomodo during its stealth mode operation. Additionally, several agreements are in progress, set to onboard thousands of physical retailers in the coming months through API-based integration. These figures encompass both independent businesses and major retail chains.

Gianluca Cocco, CEO and co-founder of Qomodo, said, “We have developed an “all-in-one” product that offers merchants all the payment solutions they need today: from SmartPOS for card acceptance to BNPL, Pay-by-Link, and Tap-to-Phone. This way, we are introducing innovation to many sectors that often suffer from technological delays and endure slow and bureaucratic processes. Qomodo aims to bring the advantages of online payments to physical stores, focusing on essential expenses that significantly impact people’s lives. Motivated by strong early market signals, investor trust, and international partner interest, we have assembled a team with FinTech experience to capture the opportunity for growing our customer base by hundreds, even thousands, of new merchants each month”.

Gaetano De Maio, COO and co-founder of Qomodo, added, “Through a simple, transparent, and secure platform, Qomodo empowers stores to free themselves from the stress associated with managing customer payments—a particularly delicate aspect today—enabling them to fully concentrate on their businesses. Qomodo is a suite of tools to grow their businesses, foster customer loyalty, and acquire new customers. Simultaneously, thanks to the BNPL option without interest and costs, consumers can fulfill their needs by accessing services that were previously inaccessible, especially in the world of physical stores.”

Previous Article

November 07, 2023

Neema & ThetaRay leverage AI-powered technology to enhance AML transactions

Read More
Next Article

November 07, 2023

Finfra & Xendit team to offer lending platform for SMEs in Indonesia

Read More

IBSi Daily News Analysis

Data privacy

July 16, 2024


Rise in sophisticated attacks, state-level threats, and increased ransom DDoS Incidents

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


Worldline & Antenor enable contactless payments at Selfly Store vending machines

Read More


Ajman Transport Authority & BPC digitize payments for UAE commuters

Read More


JTL-Software and Mollie partner on e-commerce payments

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024