# Cardo s.r.l.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cardo-s-r-l

- Industry: Software
- Headquarters: Milan, Italy
- Website: www.cardoai.com/
- Total disclosed funding: $15M
- Latest round: Series A (Nov 20, 2024)
- Investors on record: 3

## About

Founded in 2018 and based in Milan, Italy, Cardo s.r.l. focuses on delivering technology solutions for the asset-based finance sector. Altin Kadareja (CEO) and Euron Metaliaj (CTO) are the co-founders of the company. In November 2024, Cardo s.r.l. raised USD 15 million in series A funding co-led by JAM FINTOP, FINTOP Capital, and Blackstone Group.

Cardo AI specializes in providing intelligent technology solutions tailored for the asset-based finance (ABF) market. The firm’s core offerings include a platform that integrates automated workflows, market and alternative data analytics, and predictive artificial intelligence to enhance decision-making and operational efficiency. These solutions are designed to address industry challenges, such as regulatory compliance, data processing, and the optimization of financial transactions. The company's technology caters to a diverse client base, including asset managers, banks, fund administrators, and credit servicers across various geographical markets, such as the United States, the United Kingdom, Italy, and the broader European region. By leveraging Cardo AI's platform, users can access advanced analytics and streamline processes.

Cardo AI operates on a revenue model that supports various transaction structures, where clients utilize the platform to manage their assets and execute complex financial transactions.

The organization plans to use the November 2024 funding to accelerate its expansion plans, particularly in the United States.

## Funding rounds

- Series A, Nov 20, 2024, $15M — Blackstone Group, Jacobs Asset Management, FINTOP Capital

## Investors

- Blackstone Group (https://capitalatlas.ai/funds/blackstone-group) — Series A
- Jacobs Asset Management (https://capitalatlas.ai/funds/jacobs-asset-management) — Series A
- FINTOP Capital (https://capitalatlas.ai/funds/fintop-capital) — Series A