Milan, Italy-based mobile payment company Satispay raised EUR 320 million in Series D funding. The latest round took place on September 28, 2022. Addition led to the financing for the firm. Meanwhile, Coatue, Greyhound Capital, Lightrock, Tencent, Block Inc., and Mediolanum Gestione Fondi SGR joined in the investment.
The company’s valuation exceeded EUR 1 billion, foraying into the list of unicorns. So far, the total amount raised by Satispay stands at EUR 490 million.
Purpose of funding for Satispay
With the latest capital injection, Satispay intends to expand both it’s product offerings as well as geographic expansion.
It aims to accelerate its operations in Italy and internationally. Among international markets, it seeks to target regions such as France and Germany.
What the co-founder has to say
Alberto Dalmasso, co-founder and CEO of Satispay, said, “We are very pleased that, following this round, we feel we have the right tools and resources to accomplish our vision of creating the next leading payment network in Europe. Not only do we believe we have the necessary capital, but we also have the experience and expertise. In the last two years, we have experienced exceptional growth, more than doubling our customer base and launching in three new markets. We have also been able to bring in a lot of additional talent to our teams, helping us transform Satispay into a bigger, more structured competitive reality. It is truly a new beginning, and we feel more determined than ever.”
What the investor has to say
Lee Fixel of Addition said, “Satispay is revolutionizing the mobile payment space in Europe, allowing users to transfer money efficiently and securely, not only in-store and online but with friends and family as well. We look forward to supporting Satispay as it continues to grow its team, expand its customer and merchant bases and accelerate its business to become Europe’s leading payment network.”
About the company
Alberto Dalmasso, Dario Brignone and Samuele Pinta launched the company in 2013. It operates as an innovative payment super network. So far, 3 million consumers and 200k merchants use Satispay’s platform. Satispay offers users a simple, immediate and secure payment experience. On the other hand, merchants receive a transparent and advantageous pricing model with no activation fees or monthly fees. Stores such as Esselunga, Auchan, Benetton, Carrefour, Boggi, Trenord, Eataly, McDonald’s Tigotà, Autogrill, Trenitalia and many more use the company’s model.
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