Tot

What Tot does

Tot S.p.A. is an Italian fintech company headquartered in Milan that operates a digital business banking platform targeted at Italian SMEs, freelancers, and entrepreneurs. Founded in December 2020 and registered as a startup innovativa, the company offers an online business account with Italian IBAN delivered in partnership with Banca Sella, which acts as the licensed depositary bank. Tot holds OAM registration (number A14512) as a financial intermediary, and its deposit infrastructure is supplemented by cash deposit access through Mooney's 45,000+ point network.

The platform bundles a portfolio of products beyond the core account: Mastercard debit cards (issued via Adyen) and a Visa Business Credit card, integrated electronic invoicing connected to the Italian Tax Authority's Sistema di Interscambio (SdI), real-time expense management with digital receipt handling, automatic invoice reconciliation with export to prima nota accounting, team role-based access controls, and portable POS terminals via Dojo. An Open Banking layer is delivered through Fabrick's PSD2 gateway, and the platform targets at least seven customer segments including SRL/SRLS, freelancers with Partita IVA, startups, non-profit associations (ETS/APS/ODV), SaaS companies, e-commerce, construction, and logistics/transport businesses.

Tot monetizes through a subscription model across five named tiers (Essentials at €7/month, Plus at €15, Premium at €39, Smart at €35, and XLarge at €95) plus a custom Special plan, with annual billing offering roughly a 20% discount. Recurring subscriptions are supplemented by transaction-based fees on extra operations (€0.50 each), invoices beyond plan limits (€0.10-€0.30 per invoice), additional physical (€5) and virtual (€1) cards, and extra user licenses (€3-€5 per seat). As of the most recent reporting, more than 7,500 businesses use the platform daily, and Tot has cumulatively raised approximately €9.4 million across a 2021 Banca Sella-led round and a 2025 €7M Pre-Series A led by CDP Venture Capital.

Name

Tot

Legal name

Tot S.p.A.

Website

https://tot.money

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Tot S.p.A. is an Italian fintech operating a digital business banking platform for 7,500+ Italian SMEs, freelancers, and entrepreneurs, combining an Italian IBAN account with integrated electronic invoicing, expense management, corporate cards, and POS services delivered through subscription tiers and a Banca Sella banking partnership.

Ownership category

akta.pro rank

Product category

SME Business Banking Platform

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Finance Services (6199), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Bill Pay, Invoicing & Payables Platforms (BPAMAFAF)

akta.pro secondary industries

Bank-to-Bank Transfers & Pay-by-Bank (Consumer & Merchant) (FSAMAFAC), Customer Permissioning & Consent Management (OAuth, scopes, revocation) (FSAGACAC), POS, SoftPOS & In-Person Acceptance Infrastructure (FSAGABAO)

Keywords

• Business banking services
• Electronic invoicing software
• SME expense management
• Corporate banking platform
• Italian neobank solutions

Headquarters

HQ city

Milan

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure, Supply Chain

Revenue model

1. Subscription Fees: Monthly or annual subscription fees for business banking plans (Essentials, Plus, Premium, Smart, XLarge, Special). Each tier includes a defined number of outgoing operations and features. Extra operations beyond the plan limit cost €0.50 each.
2. Additional Card Fees: Fees for additional debit cards (Mastercard) beyond included amounts at €5.00/month per physical card and €1.00/month per virtual card.
3. Extra Utenze (Additional User Licenses): Fees for additional base (€3.00/month) and advanced (€5.00/month) user licenses beyond those included in plans.
4. T-Bonifico Cash Deposits: Commission of €5.90 per cash deposit transaction via Mooney network for deposits exceeding Sella branch availability.
5. Extra Invoice Fees: Fees for electronic invoices beyond plan limits (€0.30/invoice for Plus/Premium, €0.20/invoice for Smart, €0.10/invoice for XLarge).

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels10 records

Core offering

Tot provides an Italian business banking platform that combines a business current account with Italian IBAN, Mastercard debit and Visa Business Credit cards, electronic invoicing integrated with the Italian tax authority (SDI), real-time expense management, POS terminals, and accounting automation. The service is delivered through subscription tiers ranging from €7/month (Essentials) to €95/month (XLarge), with all plans including the first 30 days free. Customers are onboarded 100% online with digital KYC, and funds are custodied with partner bank Banca Sella under FITD protection up to €100,000.

Product overview

Tot is an Italian fintech company offering a unified business banking platform for Italian businesses, freelancers, and entrepreneurs. The core offering consists of a business current account with Italian IBAN (provided through Banca Sella), supplemented by a portfolio of Mastercard debit cards and a Visa Business Credit card (Carta Black), electronic invoicing, expense management, POS terminals (via Dojo), and accounting administration tools. The platform is available through five subscription tiers (Essentials, Plus, Premium, Smart, XLarge) plus a custom Special plan. Key differentiators include integrated invoice management, real-time expense tracking, team role-based access, and a cashback rewards program on Mastercard debit cards for Smart and XLarge subscribers. Administrative automation features include invoice reconciliation, tax drawer (cassetto fiscale) connectivity, and export for prima nota bookkeeping.

Differentiator

Problem solved

Functional benefit

Products and services

• Conto Aziendale Online (Business Account) Tot's core business current account offering an Italian IBAN, zero opening costs, free instant SEPA transfers, and full online account opening. The account integrates financial and administrative management in a single platform and is protected up to €100,000 via the FITD deposit guarantee scheme through partner bank Banca Sella.
• Carte Aziendali (Business Cards) A portfolio of corporate cards including a free Visa Business Credit card (Carta Black) issued by Banca Sella and Mastercard debit cards (Carta White) issued by Adyen, available in physical and virtual formats. Card tiers and quantities vary by subscription plan, with up to 10 physical and 500 virtual cards on the XLarge plan.
• Fatturazione Elettronica (Electronic Invoicing) Integrated electronic invoicing software that enables users to send and receive invoices directly from their Tot account. The service includes SDI (Sistema Di Interscambio) integration for Italian tax authority compliance and is included at no extra cost across subscription plans.
• Expense Management / Note Spese Real-time expense tracking and receipt management hub that allows businesses to digitize expense justifications and generate expense reports. Supports PDF, JPEG, PNG, and HEIC attachment formats with up to 5 justifications per transaction.
• POS (Point of Sale Terminal) Portable card payment terminal provided in partnership with Dojo. Available to Smart and XLarge plan subscribers who can get the first year's rental fee waived, with settlements credited directly to the Tot business account.
• Incassi e Pagamenti (Collections and Payments) Collection and payment tools including SEPA credit transfers (ordinary and instant), SEPA Direct Debit (SDD Core and B2B mandates), RiBa payments, F24 tax payments, pagoPA payments, and SWIFT international transfers — all managed from the account dashboard.
• Amministrazione (Accounting Administration) Accounting automation module that provides invoice reconciliation, tax drawer (cassetto fiscale) integration with the Italian Revenue Agency, and export of files ready for prima nota (double-entry bookkeeping).
• Accessi e Ruoli per il Team (Team Access and Roles) Role-based access control system allowing business owners to grant accountants and team members different permission levels (base or advanced) to view, manage, or administer the account and its financial operations.
• Apertura Partita IVA Online (Online VAT Number Registration) Online service for registering a new Italian VAT number (Partita IVA) and incorporating an SRL or SRLS entirely digitally, leveraging Italy's D.Lgs. n. 183/2021 for digital business formation.
• Tot Hub (Contact and Supplier Management) Contact and supplier management module that allows users to import, store, and manage client, supplier, and employee data including IBAN details, with aliasing and one-click payment functionality for stored contacts.

Quantifiable outcome

• 7,500+ businesses using the platform
• +2 more outcomes

Named customers1 record

Segments8 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability1 record

Feature6 records

Partnerships

Five partnerships are on record, tiered core and supporting.

• Banca SellacoreTechnology or IntegrationStrategic banking partner providing the underlying banking infrastructure for Tot's services. Banca Sella acts as the depositary bank (banca depositaria) for customer funds, provides IBAN generation, handles SEPA transfers, and enables cash deposits at 280+ branches across Italy. Customer deposits are protected up to €100,000 under the FITD (Fondo Interbancario di Tutela dei Depositi).
• MooneysupportingTechnology or IntegrationT-Bonifico service provider enabling cash deposits at 45,000+ Mooney points (bars, tobacconists, newsstands) across Italy for customers who cannot access Banca Sella branches. Commission of €5.90 per transaction for both ordinary and instant transfers.
• DojosupportingTechnology or IntegrationPOS (point-of-sale) terminal provider for Tot's card payment acceptance services. Available on Smart and XLarge plans with promotional first-year free rental for eligible customers.
• AdyencoreTechnology or IntegrationIssues Mastercard debit cards (physical and virtual) for Tot's business banking customers under license from Mastercard International. Provides the card issuing infrastructure and payment processing network.
• FabricksupportingTechnology or IntegrationOpen Banking / PSD2 gateway provider enabling Third Party Provider (TPP) services for Tot's customers, facilitating account information and payment initiation services under European PSD2 regulations.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Finom: Italian SMB-focused neobank offering business accounts, invoicing, and expense management to freelancers and SMEs. Most directly comparable domestic competitor; raised €115M Series B versus Tot's Pre-Series A.
• Qonto: Pan-European business banking platform for SMEs and freelancers with multi-currency accounts, invoicing, expense management, and bookkeeping. Operates in Italy and competes head-to-head with Tot's target segments.
• Hype: Italian neobank offering personal and business accounts with budgeting features, payments, and savings. Direct domestic competitor in the Italian freelancer/SMB banking segment.
• Soldo: Italy-founded prepaid corporate card and expense management platform serving SMBs and enterprises across Europe. Highly comparable on the multi-card + expense management + team controls surface.
• Pleo: European business spending platform with company cards, expense management, and bookkeeping automation for SMBs and mid-market. Comparable product surface, especially on the expense + cards side.

Broad incumbents

• Revolut Business: Business banking and multi-currency accounts from Revolut, operating in Italy with broad feature set including cards, payments, expense, and integrations. Larger, well-capitalised incumbent targeting overlapping SMB and freelancer segments.
• N26 Business: European mobile bank offering business accounts for freelancers and SMEs with multi-currency and expense features. Broader European incumbent with presence in Italy targeting similar SMB personas.
• BPM (Banco BPM) / Intesa Sanpaolo business banking: Large Italian incumbent banks offering traditional business accounts and increasingly digital tools for SMEs. Represent the legacy competitive set Tot is displacing among Italian PMI and freelancers.

Others

• Banca Sella: Italian bank that is Tot's core banking partner providing IBANs, card issuing, SEPA processing, and cash deposits. Not a direct competitor but ecosystem partner that also has its own digital banking offerings.

Regional players

• Satispay Business: Italian mobile payments network expanding into merchant and business services including invoicing and POS. Regional Italian fintech with adjacent product overlap in payments and SMB tooling.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/wearetotmoney
• Xx.com/wearetotmoney

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds2 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tot