Italian fintech startup Tundr raises €7.2M to transform employee benefits: Here’s how

Milan-based Tundr, a fintech startup in Italy’s corporate welfare space, has raised €7.2M in seed funding. The round was led by 360 Capital through its 360 Digitaly fund and CDP Venture Capital via the Digital Transition Fund – PNRR. 

It also received contributions from Azimut Libera Impresa SGR (through ALIcrowd III and IV), Exor Ventures with Vento, Alecla7, Vesper Holding, and a group of international business angels, including Jean Canzoneri, founder of Ogury, and Carlo Enrico, former Mastercard president for Latin America – both will join Tundr’s Board of Directors.

Lucrezia Lucotti, Partner at 360 Capital, says, “The digitisation of corporate welfare is a massive, untapped opportunity in Italy—one we’ve seen play out successfully across other European markets.”

“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.”

Simplifying the management of corporate welfare

Founded in 2022 by Giorgio Seveso, Jules Arthur Sastre and Luca Milesi, Tundr operates in the corporate welfare space in Italy. It supports over 400 companies across sectors such as logistics, HR, fashion, e-commerce, and manufacturing.

The company’s main product is the Tundr Card, which functions on the Mastercard network and is accepted at more than 70,000 points of sale (POS) in Italy. It allows employees to use their welfare credits in accordance with national regulations.

Through its digital platform, companies can set up and manage welfare plans that include both fringe and flexible benefits—ranging from shopping, fuel, and gift vouchers to healthcare, pensions, mobility, and education. So far, Tundr has issued more than €20M in welfare credits, with usage rates above 95 per cent.

Tundr is also a member of the Italian Association for Corporate Welfare (AIWA) and incorporates ESG screening for merchants where welfare credits are spent, aiming to include employers, employees, suppliers, and communities in a shared value chain.

Capital utilisation

Tundr plans to use the funds to grow its digital platform for corporate welfare and expand within the Italian market.

Giorgio Seveso, CEO and co-founder of Tundr, says, “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.”

“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.”