Milan-based FinTech startup Tundr, which is simplifying company welfare by a totally digital and user-friendly platform, has raised a €7.2 million Seed spherical to scale its product and develop within the Italian market.
The spherical was led by 360 Capital by its 360 Digitaly fund, supported by CDP Enterprise Capital through the Digital Transition Fund – PNRR.
The funding spherical additionally drew help from Azimut Libera Impresa SGR (by ALIcrowd III and IV ), Exor Ventures with Vento, Alecla7, Vesper Holding, and a bunch of outstanding worldwide enterprise angels together with Jean Canzoneri (Founding father of Ogury) and Carlo Enrico (former Mastercard president for Latin America), who can be becoming a member of Tundr’s Board of Administrators.
“Greater than ever, company welfare is shaping the world we dwell and work in,” mentioned Giorgio Seveso, CEO and Co-founder of Tundr. “It’s now not a aspect profit—it’s a strategic pillar for the way firms join with their individuals. In a inflexible and inefficient market, we’ve made welfare plans actually straightforward to make use of, versatile, and impactful. We’re constructing an ecosystem that’s open, democratic, and designed round individuals. This new funding will assist us scale quicker and make advantages actually accessible—anytime, anyplace.”
Based in 2022 by Giorgio Seveso, Jules Arthur Sastre, and Luca Milesi, Tundr is constructing a brand new normal for company welfare in Italy: digital-first, regulation-compliant, and designed with individuals in thoughts. With places of work in Milan and Lecce , and a group of 30, Tundr has onboarded over 400 firms throughout sectors like logistics, HR, style, e-commerce, and manufacturing.
On the coronary heart of Tundr’s providing is the Tundr Card , a sensible welfare card that works on the Mastercard community at greater than 70,000 factors of sale in Italy. It permits staff to spend their welfare credit simply and legally, absolutely compliant with the Italian regulatory framework.
The platform permits firms to activate customised welfare plans in “only a few clicks“—managing each fringe advantages (comparable to procuring, gas, and reward vouchers) and extra structured versatile advantages (together with healthcare, pensions, mobility, and schooling), all inside one seamless app expertise.
Tundr’s UX has pushed over €20 million in welfare credit issued, with utilization charges exceeding 95% – in accordance with figures supplied by Tundr.
The corporate screens ESG parameters of the retailers the place welfare credit can be utilized, encouraging staff to buy with accountable companies. The objective: foster a price chain that includes not solely employers and staff, however suppliers and communities as effectively.
“The digitisation of company welfare is a large, untapped alternative in Italy—one we’ve seen play out efficiently throughout different European markets,” provides Lucrezia Lucotti, Companion at 360 Capital. “Tundr combines sturdy execution with regulatory experience and product focus in a market ripe for disruption. The group has demonstrated the power to realize extra with much less, gaining traction quicker than many better-funded rivals.
“We’re backing Tundr as a result of we consider they’re constructing the long run normal for worker advantages in Italy and past.”
