In a press release published on Wednesday, Satispay said the financing is helping to accelerate its expansion into Europe. The same day, the firm launched the service in some French cities.
Alberto Dalmasso, co-founder and CEO of Satispay, said: “We have a special relationship with Luxembourg. Here, the regulator has granted us the licence to establish electronic money, thanks to which we are currently expanding in Europe. We started in the midst of the pandemic in 2020 and interest from independent businesses and consumers soon followed. Since then, the number of new users and merchants has continued to grow.”
Satispay was created in Milan in 2013 to accelerate the replacement of cash, credit and debit cards. The independent and secure app enables users to pay in physical stores, online and exchange money with friends while offering a range of services. Since 2013 it has raised more than €450 million. Satispay has more than 3 million daily users in Italy and 200,000 partner merchants in Italy, Luxembourg, France and Germany.
Satispay creates a mobile payment solution to cut out inefficiencies in the financial system, creating a real revolution in the way people think about money. „We cut out all middlmen enabling direct payments to merchants. Satispay puts in contact the only two entities that matter: customers and merchants.” – the company says.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below: