Milan-based fintech company Tundr has completed a seed funding round of €7.2M to develop its digital platform for managing corporate welfare benefits. The funding, led by 360 Capital’s 360 Digitaly fund and CDP Venture Capital’s Digital Transition Fund – PNRR, supports Tundr’s efforts to offer accessible welfare solutions through its flagship product, the Tundr Card. This fresh capital injection promises to further enhance digital processes and broaden service outreach in an industry that is gradually embracing digital solutions.
Recent coverage from various sources mirrors similar developments, acknowledging Tundr’s steady progress in a competitive Italian fintech landscape. Other reports detail how the startup has attracted a series of strategic investors and business angels, bolstering its credibility in corporate welfare markets. The consolidation of funding and growing interest in regulated employee benefits have drawn comparisons with successful models across Europe.
Corporate Welfare Funding Round
Investors in the recent round include Azimut Libera Impresa SGR, Exor Ventures with Vento, Alecla7, Vesper Holding, and a group of international business angels such as Jean Canzoneri and Carlo Enrico.
“The digitisation of corporate welfare is a massive, untapped opportunity in Italy—one we’ve seen play out successfully across other European markets.”
Lucrezia Lucotti, Partner at 360 Capital, emphasized the untapped market potential and praised Tundr’s efficient use of resources. This infusion of capital reinforces investor confidence in Tundr’s approach to a frequently overlooked area of corporate benefits.
Digital Product Developments
Tundr’s core offering, the Tundr Card, operates on the Mastercard (NYSE:MA) network and is accepted at over 70,000 points across Italy. The digital platform enables companies to structure and manage flexible benefit plans that cover shopping, fuel, gift vouchers, healthcare, pensions, mobility, and education. With more than €20M issued in welfare credits and usage rates exceeding 95%, the company demonstrates substantial engagement from both employers and employees.
The newly raised funds will be directed toward scaling the digital platform across Italy, refining product features, and broadening market presence. Tundr also incorporates ESG screening for merchants, linking employee benefits to broader community value.
“More than ever, corporate welfare is shaping the world we live and work in. It’s no longer a side benefit—it’s a strategic pillar for how companies connect with their people.”
Such measures underscore the startup’s intent to serve a diverse range of sectors including logistics, HR, fashion, e-commerce, and manufacturing.
A varied group of investors, including notable business leaders, has joined Tundr’s Board of Directors, a move that signals a wider endorsement and strategic oversight for future operations. This support is expected to provide both financial stability and expert guidance as the company targets rapid market penetration.
Tundr’s success in attracting seed funding reflects a growing trend in rethinking traditional employee benefits through digital solutions. The infusion of capital and inclusion of industry experts underscore the importance of regulated, user-friendly welfare platforms. Readers may find that robust digital infrastructures in such sectors could influence long-term operational efficiencies and elevate market standards in Italy’s corporate environment.
