Italian FinTech Tundr secures €7.2 million to scale its digital platform for corporate welfare

Milan-based FinTech startup Tundr, which is simplifying corporate welfare through a fully digital and user-friendly platform, has raised a €7.2 million Seed round to scale its product and expand in the Italian market.

The round was led by 360 Capital through its 360 Digitaly fund, supported by CDP Venture Capital via the Digital Transition Fund – PNRR.

The funding round also drew support from Azimut Libera Impresa SGR (through ALIcrowd III and IV ), Exor Ventures with Vento, Alecla7, Vesper Holding, and a group of prominent international business angels including Jean Canzoneri (Founder of Ogury) and Carlo Enrico (former Mastercard president for Latin America), who is also joining Tundr’s Board of Directors.

“More than ever, corporate welfare is shaping the world we live and work in,” said Giorgio Seveso, CEO and Co-founder of Tundr. “It’s no longer a side benefit—it’s a strategic pillar for how companies connect with their people. In a rigid and inefficient market, we’ve made welfare plans truly easy to use, flexible, and impactful. We’re building an ecosystem that’s open, democratic, and designed around people. This new funding will help us scale faster and make benefits truly accessible—anytime, anywhere.”​

Founded in 2022 by Giorgio Seveso, Jules Arthur Sastre, and Luca Milesi, Tundr is building a new standard for corporate welfare in Italy: digital-first, regulation-compliant, and designed with people in mind. With offices in Milan and Lecce , and a team of 30, Tundr has onboarded over 400 companies across sectors like logistics, HR, fashion, e-commerce, and manufacturing.

At the heart of Tundr’s offering is the Tundr Card , a smart welfare card that works on the Mastercard network at more than 70,000 points of sale in Italy. It enables employees to spend their welfare credits easily and legally, fully compliant with the Italian regulatory framework.

The platform allows companies to activate customised welfare plans in “just a few clicks“—managing both fringe benefits (such as shopping, fuel, and gift vouchers) and more structured flexible benefits (including healthcare, pensions, mobility, and education), all within one seamless app experience.

Tundr’s UX has driven over €20 million in welfare credits issued, with usage rates exceeding 95% – according to figures provided by Tundr.

The company screens ESG parameters of the merchants where welfare credits can be used, encouraging employees to shop with responsible businesses. The goal: foster a value chain that involves not only employers and employees, but suppliers and communities as well.

“The digitisation of corporate welfare is a massive, untapped opportunity in Italy—one we’ve seen play out successfully across other European markets,” adds Lucrezia Lucotti, Partner at 360 Capital. “Tundr combines strong execution with regulatory expertise and product focus in a market ripe for disruption. The team has demonstrated the ability to achieve more with less, gaining traction faster than many better-funded competitors.

“We’re backing Tundr because we believe they’re building the future standard for employee benefits in Italy and beyond.”

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