Tot, an Italian fintech platform, has successfully closed a Pre-Series A funding round led by CDP Venture Capital to further expand its innovative financial management solutions for SMEs in Italy.

Information on the Target

Tot is an Italian fintech platform led by CEO Doris Messina and COO Bruno Reggiani, designed to simplify the administrative and financial management of businesses. The platform offers a fully online business account with an Italian IBAN, facilitating a range of services including payments, collections (such as instant SEPA transfers, direct debits, and tax payments), physical and virtual cards, integrated administration tools, and collaborative functionalities, all while ensuring maximum data and payment security. Tot prides itself on its strong Italian identity and deep understanding of the specific dynamics of the national market.

The company operates in a market segment ripe for growth, with investments in banking instruments for small local businesses currently valued at over €1 billion. This figure rises to €2.5 billion when considering all Italian businesses that Tot aims to reach through product development, and up to €12 billion at the European level. Since its market launch, Tot has shown remarkable acceleration, projecting revenues of €1.3 million in 2024, representing a threefold increase compared to 2023, and currently serves around 7,000 active clients including notable companies like Starting Finance and Qomodo.

Industry Overview in Italy

The fintech sector in Italy is rapidly evolving, propelled by advancements in technology and a growing demand for digital financial solutions. The increasing number of startups in this space highlights the transformative potential of innovative financial services. Moreover,