qomodo
Qomodo is a Milan-based Italian fintech operating a BNPL and smart POS platform for physical SMB merchants across Italy, offering interest-free installments (2–12 installments up to €5,000) and immediate merchant settlement in essential-spend verticals.
- Company typePrivate
- Founded2023
- HeadquartersMilan, Italy
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What qomodo does
Qomodo S.r.l. is an Italian fintech company founded in Milan in November 2023 that operates a Buy Now Pay Later (BNPL) and smart payment platform for physical small and medium-sized merchants across Italy. The company targets SMB physical businesses in essential-spend verticals including automotive repair, veterinary clinics, dental practices, fitness studios, beauty spas, and travel agencies. Its core products — "Paga a Rate" (interest-free BNPL, 2 to 12 installments up to €5,000) and "Paga Ora" (immediate card payments) — operate through a single Smart POS device with a unified merchant dashboard, enabling merchants to offer flexible installment payments to consumers while receiving immediate full settlement from Qomodo and avoiding consumer credit risk.
The platform is built around a merchant-facing dashboard, a set of two REST API endpoints for ERP and business management software integration, pay-by-link remote payment capability, tap-to-phone acceptance, and a consumer-facing sub-brand ("Qomodo per le tue Spese"). Consumers can apply for BNPL in approximately 60 seconds with no payslip or documentation requirements, and Qomodo reports a 96% installment approval rate. The platform accepts Visa, Mastercard, Maestro, Google Pay, Apple Pay, and PostePay, with payment infrastructure supported by Mastercard (partnership announced November 2023) and Worldline (strategic partnership announced April 2025).
Qomodo generates revenue solely through transaction-based commissions charged to merchants at settlement, with zero interest and zero fees charged to consumers. The company operates a hybrid go-to-market combining a direct sales team, self-serve online onboarding with 48-hour activation, a 30-day free trial, and channel partnerships through trade associations (Italian Dental Association/AIO, Smart Vet for veterinary clinics, Rapidoo and System Data Group for automotive) plus consumer pull-through via the website. The company reports serving over 3,500 merchants across Italy, having raised €34.5 million in pre-seed funding (November 2023, one of Italy's largest pre-seed rounds) and €13.5 million in Series A (January 2025) from investors including Fasanara Capital, Exor Ventures, RTP Global, LMDV Capital, and individual investors Leonardo Maria Del Vecchio alongside family offices associated with the Berlusconi and Agnelli families.
qomodo firmographics
Firmographics- Name
- qomodo
- Legal name
- Qomodo S.r.l.
- Website
- https://qomodo.me
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Qomodo is a Milan-based Italian fintech operating a BNPL and smart POS platform for physical SMB merchants across Italy, offering interest-free installments (2–12 installments up to €5,000) and immediate merchant settlement in essential-spend verticals.
- Ownership category
- akta.pro rank
qomodo industry classification
Industry- Product category
- Buy Now Pay Later Platform
- NAICS
- Sales Financing (52222)
- SIC
- Personal Credit Institutions (6141)
- akta.pro primary industry
- In-Store / In-Person BNPL (POS) (FSAKACAB)
- akta.pro secondary industries
- Buy Now, Pay Later (BNPL) Platforms (BPAMAFAG), QR Code & Alternative In-Store Acceptance (QR, APMs) (FSAMADAH), BNPL for High-Ticket / Longer-Term Installments (FSAKACAN)
Keywords
Where qomodo is headquartered
LocationHeadquarters
- HQ city
- Milan
- HQ country
- Italy
- HQ region
- Europe
Offices1 record
Markets served
qomodo business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Merchant Commission (Transaction Take Rate): Qomodo charges merchants a percentage plus VAT commission on each transaction processed through its platform. The commission is deducted at the time of settlement when Qomodo transfers the full payment amount to the merchant. This is the primary revenue stream. No interest is charged to consumers, and no fees are charged to consumers or merchants beyond this transaction-based commission.
- Interest-Free BNPL (Consumer): Consumers pay in installments with zero interest and zero additional costs. Qomodo bears the credit risk and funds the merchant upfront, recovering the amount from consumers over time. Revenue is generated solely through merchant commissions, not consumer interest.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Paga a Rate (BNPL): 2–12 installments up to €5,000, interest-free for consumers; merchant pays a % + VAT commission per transaction |
| Transaction based/ take rate | Pay-as-you-go | Paga Ora (Smart POS immediate payments): card payments accepted; costs are clear and flexible for the merchant |
| Freemium | Monthly | Free Trial: 30 days with access to all Pro features, personalized onboarding |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels9 records
qomodo product offering
Product offeringCore offering
Qomodo provides a unified digital payment platform for physical merchants in Italy, combining Buy Now Pay Later (BNPL) with immediate card payment acceptance through a single Smart POS device. Merchants receive the full transaction amount immediately while customers pay in 2–12 interest-free installments up to €5,000 without income documentation or payslip requirements. Revenue is generated through per-transaction commissions charged to merchants at settlement; consumers pay zero interest and zero additional fees.
Product overview
Qomodo is a unified digital payment platform for physical merchants, consisting of two core products: (1) Paga a Rate — a Buy Now, Pay Later (BNPL) solution allowing customers to pay in 2–12 interest-free installments up to €5,000 with no income documentation, where the merchant receives the full amount immediately; and (2) Paga Ora — an immediate card payment feature via the Qomodo Smart POS, accepting contactless card payments, Apple Pay, Google Pay, Visa, Mastercard, and PostePay. Both products operate through a single Smart POS device with a unified merchant dashboard. The platform is complemented by a set of two REST APIs for integration with business management software, and a consumer-facing sub-brand 'Qomodo per le tue Spese' that directs individual buyers to participating merchants offering BNPL for essential expenses. Qomodo earns through commissions charged to merchants at the time of settlement, with zero interest and zero cost for end consumers.
Differentiator
Problem solved
Functional benefit
Products and services
- Paga a Rate Qomodo's Buy Now, Pay Later (BNPL) product enabling customers to pay in 2 to 12 interest-free installments up to €5,000 with no income documentation required. The merchant receives the full amount immediately while Qomodo collects installments from the consumer over time, bearing all consumer credit risk.
- Paga Ora Immediate card payment solution via the Qomodo Smart POS, accepting contactless payments including Visa, Mastercard, Maestro, Apple Pay, Google Pay, and PostePay. Funds appear directly in the merchant dashboard with consolidated settlement, offering transparent commission pricing with no month-end surprises.
- Qomodo Smart POS A single smart point-of-sale device that processes both Qomodo BNPL (Paga a Rate) and immediate card payments (Paga Ora) from one platform with a unified merchant dashboard, eliminating the need for separate hardware for Italian physical merchants.
- Qomodo per le tue Spese Consumer-facing portal and sub-brand allowing Italian consumers to access interest-free installment payment options at participating merchants for essential expenses such as dental care, veterinary services, gym memberships, beauty treatments, and vehicle repairs, with a 96% approval rate and average 60-second approval decision.
Quantifiable outcome
- 3,500+ merchants using Qomodo across Italy
- +4 more outcomes
Companies that use qomodo
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles1 record
qomodo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
Feature7 records
qomodo partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core, major and minor.
- WorldlinecoreQomodo and Worldline concluded a strategic partnership (April 2025) to strengthen the digital payment offerings available in Italy. Worldline is a leading European payment services provider. The partnership aims to enhance Qomodo's acquiring infrastructure and expand its reach to Italian merchants.
- Associazione Italiana Odontoiatri (AIO)majorQomodo announced an innovative partnership with the Italian Dental Association (AIO) in April 2024 to digitalize dental studios across Italy. AIO promotes Qomodo's BNPL payment solution to its member dental practices, driving merchant acquisition in the dental vertical.
- RapidoominorQomodo and Rapidoo formed a partnership (March 2024) to advance the digitalization of the Italian automotive sector. Rapidoo integrates Qomodo's payment solutions into its automotive service network.
- System Data GroupminorQomodo and System Data Group announced an innovative synergy (February 2024) for the digitalization of the Italian automotive sector. System Data Group serves auto repair shops and integrates Qomodo's payment solutions.
- Smart VetmajorQomodo partnered with Smart Vet (January 2024) to digitize the veterinary sector. Smart Vet promotes Qomodo's installment payment solution to its network of veterinary clinics and pet service providers.
- MastercardcoreMastercard and Qomodo entered into a partnership (announced November 2023) to offer smart payment services to SMEs in physical stores across Italy. The partnership enables Qomodo's Smart POS and BNPL solutions to operate over the Mastercard network, providing technical infrastructure and brand credibility for merchant adoption.
Scale indicators7 records
Recent moves8 records
Expansion highlights5 records
qomodo competitors and assessment
Company assessmentDirect peers
- Scalapay: Italian-founded BNPL provider operating across Italy and Europe, offering installment payments for both online and offline merchants. Most direct comparable to Qomodo by geography, vertical ambition, and SMB merchant focus, although Scalapay started e-commerce-first and is now expanding into physical retail.
- Satispay: Italian mobile payment network serving consumers and physical merchants with instant payments and merchant discounts. Competes with Qomodo's Smart POS 'Paga Ora' offering for in-store card-payment acceptance among Italian SMBs, though without an installment product.
- Soisy: Italian BNPL provider offering installment payments for online purchases, particularly in durable goods. Closely comparable business model (interest-free installments funded by merchants) but focused on e-commerce rather than Qomodo's physical-SMB niche.
- Mash (Mashfrog Group): Italian instant-credit provider offering small short-term loans repaid via installments, often at physical merchant POS. Directly comparable to Qomodo in serving Italian consumers at the point of sale with merchant-funded credit, though more focused on micro-credits.
Broad incumbents
- Klarna: Global BNPL leader now operating in Italy across thousands of online and physical merchants. Klarna competes for the same consumer mindshare for installment payments and increasingly targets in-store POS integrations, making it a broad incumbent threat to Qomodo's Italian footprint.
- Findomestic Banca: Major Italian consumer-credit bank offering personal loans and installment financing at retail point of sale. Represents the incumbent installment-credit option Qomodo is disrupting for SMB merchants, with broad reach but slower merchant onboarding and less digital UX.
- Compass (Mediocredito Centrale): Italian consumer credit provider offering personal loans, salary-backed loans, and POS installment financing. A traditional bank-affiliated competitor in the Italian installment credit market that Qomodo directly competes with for merchant partnership and consumer installment demand.
- Cofidis: European consumer-credit specialist (subsidiary of Crédit Mutuel) operating in Italy with installment and revolving credit products including POS financing. Comparable to Qomodo in product mechanics but bank-backed and broader geographically.
- Afterpay (Block): Global BNPL provider owned by Block Inc., offering interest-free installments primarily online but expanding into physical retail globally. A scaled BNPL incumbent that benchmarks Qomodo's potential scale and demonstrates the strategic value of in-store BNPL expansion.
Emerging players
- Apple Pay Later (Affirm partnership): Affirm-powered BNPL functionality inside Apple Pay, increasingly available at physical POS in Europe. Represents an emerging wallet-integrated BNPL channel that could compete with Qomodo's Tap-to-Phone and Smart POS flows for consumer mindshare at physical merchants.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
qomodo social profiles
Digital presenceqomodo financial estimates
Financial estimateRevenue estimate
Valuation estimate
qomodo leadership team
Management profileNumber of profiles
Profiles2 records
qomodo funding detail
Funding detailFunding overview
Funding rounds2 records
Investors16 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
qomodo M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about qomodo
What does qomodo do?
Qomodo provides a unified digital payment platform for physical merchants in Italy, combining Buy Now Pay Later (BNPL) with immediate card payment acceptance through a single Smart POS device. Merchants receive the full transaction amount immediately while customers pay in 2–12 interest-free installments up to €5,000 without income documentation or payslip requirements. Revenue is generated through per-transaction commissions charged to merchants at settlement; consumers pay zero interest and zero additional fees.
Is qomodo a public or private company?
qomodo is a private company. It is classified as venture growth investor backed and is currently operating.
When was qomodo founded?
qomodo was founded in 2023. It employs 11 to 50 people.
Where is qomodo based?
qomodo is headquartered in Milan, Italy, in the Europe region.
How does qomodo make money?
Two revenue lines are on record. Merchant Commission (Transaction Take Rate) is the primary driver. The others are interest-Free BNPL (Consumer).
Who are qomodo's main competitors?
Direct peers on record are Scalapay, Satispay, Soisy and Mash (Mashfrog Group). Broad incumbents are Klarna, Findomestic Banca, Compass (Mediocredito Centrale), Cofidis and Afterpay (Block). Apple Pay Later (Affirm partnership) is listed as an emerging player.
Does qomodo have an API?
Yes. Qomodo provides a set of two REST APIs enabling fast integration with business management software and customization of the customer payment experience. The APIs are described on the main website as enabling rapid, highly customizable integration with enterprise management systems.
What industry is qomodo in?
qomodo's product category is Buy Now Pay Later Platform. Its primary akta.pro industry code is FSAKACAB, In-Store / In-Person BNPL (POS), with a secondary code of BPAMAFAG, Buy Now, Pay Later (BNPL) Platforms. Its NAICS code is 52222 and its SIC code is 6141.