Tot secures €7M to drive digital finance solutions for Italian SMEs

Tot provides an all-in-one digital platform for SMEs to manage their finances and administration. Its services include a business account with an Italian IBAN, payment and collection tools, physical and virtual cards, built-in administrative features, and team-based expense management all with robust data and payment security.

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Tot aims to become Italy’s leading fintech player in banking and administrative management for SMEs. Its roadmap targets 40,000+ clients in the next two years and expanding its workforce to over 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 new funding will help Tot develop additional products and features in administration, expense management, and financial optimisation. A key focus will be on expanding the use of AI to boost efficiency, automate more client processes, and streamline internal operations making financial and administrative tasks even simpler for Italian SMEs.

At the same time, Tot is preparing for major team growth, with hiring planned across technology, product management, marketing, sales, customer success, and compliance.

About TOT

Tot is founded in 2020 is an Italian fintech company offering a digital business banking platform tailored for SMEs. Its platform simplifies financial administration by managing accounts, payments, expenses, credit, and collections in one place. Tot’s mission is to become Italy’s leading fintech partner for small and medium-sized businesses, empowering them with modern digital financial tools while steadily expanding its range of services.