Milan-based FinTech startup Tundr, which is simplifying company welfare via a completely digital and user-friendly platform, has raised a €7.2 million Seed spherical to scale its product and broaden within the Italian market.
The spherical was led by 360 Capital via its 360 Digitaly fund, supported by CDP Enterprise Capital by way of the Digital Transition Fund – PNRR.
The funding spherical additionally drew assist from Azimut Libera Impresa SGR (via ALIcrowd III and IV ), Exor Ventures with Vento, Alecla7, Vesper Holding, and a bunch of distinguished 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 not a facet profit—it’s a strategic pillar for a way corporations join with their folks. In a inflexible and inefficient market, we’ve made welfare plans actually simple to make use of, versatile, and impactful. We’re constructing an ecosystem that’s open, democratic, and designed round folks. This new funding will assist us scale quicker and make advantages actually accessible—anytime, wherever.”
Based in 2022 by Giorgio Seveso, Jules Arthur Sastre, and Luca Milesi, Tundr is constructing a brand new commonplace for company welfare in Italy: digital-first, regulation-compliant, and designed with folks in thoughts. With workplaces in Milan and Lecce , and a staff of 30, Tundr has onboarded over 400 corporations throughout sectors like logistics, HR, trend, e-commerce, and manufacturing.
On the coronary heart of Tundr’s providing is the Tundr Card , a wise welfare card that works on the Mastercard community at greater than 70,000 factors of sale in Italy. It allows staff to spend their welfare credit simply and legally, totally compliant with the Italian regulatory framework.
The platform permits corporations to activate customised welfare plans in “just some clicks“—managing each fringe advantages (reminiscent of purchasing, gasoline, and reward vouchers) and extra structured versatile advantages (together with healthcare, pensions, mobility, and training), all inside one seamless app expertise.
Tundr’s UX has pushed over €20 million in welfare credit issued, with utilization charges exceeding 95% – in line with figures offered 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 aim: foster a worth chain that entails not solely employers and staff, however suppliers and communities as nicely.
“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 robust execution with regulatory experience and product focus in a market ripe for disruption. The staff has demonstrated the power to attain extra with much less, gaining traction quicker than many better-funded rivals.
“We’re backing Tundr as a result of we imagine they’re constructing the longer term commonplace for worker advantages in Italy and past.”
