Tot, a banking platform for companies, has reportedly secured €2m in seed funding, as it prepares to enter the market in 2022.
The investment round was led by Banca Sella, according to a report from FinTech Finance News.
With the close of the round, the company is looking to enter the Italian market in early 2022 and then expand across Europe in the coming years.
Tot, which was founded by Doris Messina, Bruno Reggiani and Andrea Susta, is designed so companies can manage their finances in one location. The platform lets them see how much they spend, how much they earn and make payments.
Tot CEO and co-founder Doris Messina said, “We are thrilled to have the opportunity to generate added value by bringing services to the market that we hope will quickly contribute to improving the lives of small businesses by supporting their development.
“We are also happy that Banca Sella, among the most innovative banking operators in Europe, is the first important investor. We are certain that Banca Sella will bring value in terms of vision along with its financial resources.”
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