Tot raises €7M to accelerate the financial digitalization of Italian SMEs

Italian fintech platform Tot has closed a pre-Series A investment round of €7 million. The round was led by CDP Venture Capital, with participation from Azimut Group, The Techshop, X-Equity Venture Club, ClubDeal Digital, and early backer Banca Sella. Co-investors also include a Chapeau Media–led consortium of entrepreneurs and executives, Matteo Pichi (Poke House), Pietro Marchetti (Humamy; acquired by Bending Spoons), Giuseppe Nicola Ramonda (Sorelle Ramonda), Francesco Fiorese (Simon-Kucher Italy), and Alessandro Rimassa (Radical HR) via Happy2C Holding, alongside angels Paolo Galvani (Moneyfarm) and Gianluca Cocco (Qomodo).

Tot is an online platform for company administrative and financial management. It offers a business account with an Italian IBAN, payment and collection services, physical and virtual cards, integrated administrative tools, and collaborative, team expense-management features, with data and payment security controls.

Tot’s strategic goals are to become the Italian fintech champion in banking and administrative management for SMEs, targeting over 40,000 clients within two years and expanding its team to more than 100 employees.

According to CEO Doris Messina, the company differentiates itself through a strong Italian identity and a deep understanding of the domestic market’s dynamics.

With this new capital, we will further strengthen our mission to support Italian companies with cutting-edge financial tools for the development of the local real economy, showing that it is possible to challenge international giants in a market like ours, which is the largest in Europe by number of potentially interested companies.

The funding will support the development of new products and features in administration, expense management, and financial optimisation. Tot also plans to increase investment in AI to enhance efficiency, expand automation for clients, and improve internal processes, aimed at further automating and simplifying administrative and financial tasks for Italian SMEs.

In parallel, the company plans a significant team expansion, with hiring focused on technology, product management, marketing, sales, customer success, and compliance.