Tot, an Italian FinTech focused on simplifying business banking for small and medium-sized enterprises (SMEs), has raised €7m in its Pre-Series A funding round.
The company, founded to ease administrative and financial burdens for entrepreneurs, has now accumulated €11m across its Seed and Pre-Series A phases.
The funding was led by CDP Venture Capital SGR. Other participants included Azimut Group and X-Equity Venture Club Srl, both investing through funds advised by FNDX, alongside Club Deal Digital.
The Techshop, which led Tot’s earlier Seed round, and Banca Sella, a supporter since the Pre-Seed stage, also renewed their commitments. Additional backing came from a network of entrepreneurs and top managers led by Chapeau Media.
Tot positions itself as a key Italian player in the FinTech sector, serving more than 7,000 client companies. The company has achieved triple growth since 2023, with transaction volumes surpassing €1bn in 2024 and expected to exceed €2bn by the end of 2025. Its mission is to provide a business banking experience designed around the needs of Italian SMEs.
The fresh funding will be used to accelerate platform development, improve financial management tools, and expand capabilities with advanced technology and AI integration. Tot also plans to strengthen its workforce by attracting talent with high-level expertise and roll out new features such as enhanced business card management, subscription handling, and team expense tracking.
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