Tot secures €7 million to boost SMEs growth

We have closed a €7 million Pre-Series A funding round, bringing our total capital raised to date to €11 million across Seed and Pre-Series A phases.

This fresh capital reinforces the company's mission to free entrepreneurs from the burden of banking and administrative red tapes, supporting the growth and competitiveness of Italy’s productive ecosystem.

The round underscores growing confidence in Tot, now positioned as a leading Italian fintech player in business banking. Our numbers speak for themselves: more than 7000 client companies, triple growth since 2023, and transaction volumes exceeding €1 billion in 2024 – a figure expected to surpass €2 billion by the end of 2025.

The capital increase is led by CDP Venture Capital SGR, which joins Tot as lead investor. We are proud to have one of the most prominent venture capital firms in Italy by our side, it's a clear signal and a strong validation of our business model, built from the ground up around the real needs of Italian SMEs.

Alongside CDP, key co-investors include the Azimut Group and X-Equity Venture Club S.r.l, both through funds under the advisory of FNDX, and Club Deal Digital. The Techshop, already lead investor in the previous Seed round, and Banca Sella, investor in Tot since the Pre-Seed stage, also reaffirm their commitment. The group of co-investors is completed by a squad of entrepreneurs and top managers led by Chapeau Media.

For more info, here you can download the press release.

Funding allocation

The new funding will allow us to accelerate the development of Tot's platform, making it even more complete, faster, and capable of simplifying the financial management of Italian businesses. Our focus will be on three main areas:

• Technology and AI integration: advancing automation and further improving user experience to make financial management even more simple and seamless;

• Talent acquisition talent: strengthening existing teams and building new ones, with high-level expertise to drive continued innovation;

• New features: enhancing business card management, recurring subscriptions, and team expense tracking, supporting SMEs with larger teams and complex spending needs.

Designed for Italian SMEs

Tot's competitive edge comes from a deep understanding of Italy's deep entrepreneurial fabric and the unique challenges of one of Europe's most complex regulatory systems.

This grounded approach – shaped by listening to and addressing the daily challenges faced by SMEs – enables Tot to compete with international players, who often fall short of delivering solutions truly adapted to the Italian business environment.

"This round confirms the strength of our distinctly Italian approach to fintech. Tot was created with a deep understanding of the specific needs of Italian SMEs, offering solutions designed around the realities of our national business landscape. With this new funding, we will further strengthen our mission to support Italian businesses with cutting-edge financial tools that fuel the real economy, proving that it is possible to challenge global giants by leveraging local expertise and sensitivity to Italian market dynamics." – Doris Messina, Co-Founder & CEO of Tot

"Tot takes pride in being a platform that understands Italy's entrepreneurial landscape. From traditional sectors such as manufacturing, commerce, and craftsmanship, to digital innovation and services, our clients reflect the true backbone of the Italian economy. This ability to serve such diverse industries makes us a strategic partner for SMEs growth. Supporting companies across every sector directly contributes to the competitiveness of Italy's production system as a whole, sustaining the real economy that generates jobs and value across the country." — Bruno Reggiani, Co-Founder & COO of Tot