Enhancing Small and Medium-Sized Enterprises (SMEs) Growth, Tot Secures €7 Million Investment
Tot Secures €11 Million in Pre-Series A Funding, Bolstering its Position as a Leading Italian Fintech
Tot, an innovative fintech company based in Italy, has announced the closure of a €7 million Pre-Series A funding round, bringing its total capital raised to €11 million across seed and pre-Series A phases. The funding round was led by CDP Venture Capital SGR, one of Italy's most prominent venture capital firms, with co-investors including Azimut Group, X-Equity Venture Club S.r.l., Club Deal Digital, Chapeau Media, a group of entrepreneurs, and top managers.
The fresh capital will be used to accelerate Tot's platform development, with investments being made in technology & AI integration, talent acquisition, and the introduction of new features such as business card management, subscription handling, and team expense tracking. Existing investors The Techshop (lead in the Seed round) and Banca Sella (supporter since the Pre-Seed stage) also reaffirmed their commitment.
Doris Messina, Co-Founder & CEO of Tot, stated that the funding will further strengthen their mission to support Italian businesses with cutting-edge financial tools. "We are thrilled to have the backing of such esteemed investors as we continue to empower local SMEs with our tailored solutions," she said.
Tot has rapidly established itself as a leading Italian fintech in business banking, delivering solutions where international players often fall short. The company's competitive edge lies in its deep understanding of Italy's entrepreneurial fabric and regulatory complexity. As of now, Tot has over 7,000 client companies, spanning from traditional sectors to digital innovation and services, reflecting the true backbone of the Italian economy.
In 2024, Tot handled transaction volumes exceeding €1 billion, with expectations to exceed €2 billion in 2025. Bruno Reggiani, Co-Founder & COO of Tot, mentioned that the platform prides itself on understanding Italy's entrepreneurial landscape. "We are committed to supporting diverse industries and contributing to the competitiveness of Italy's production system," he added.
The Italian fintech company, Tot, raised investment in a $1 million seed round, closing a pre-Series A financing, but the specific institutions or investors involved in Tot's financing round are not disclosed in the available information.
This latest funding round is a testament to Tot's growth, having experienced 3x growth since 2023. With the new investments, Tot is poised to continue its mission of empowering Italian businesses with innovative financial solutions.
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