Satispay set for a €120 million capital increase

Satispay Group has announced that it has convened an Annual General Meeting and an Extraordinary General Meeting for 29 June. Among the items on the agenda is a resolution on a capital increase, to be offered as an option to shareholders, for a maximum amount of €120 million, with a view to supporting the acceleration of the fintech company’s growth strategy and the go-to-market of new financial services.

Around 50% of the capital increase is intended to finance the organic growth plan and is already backed by a commitment to subscribe from existing investors, including Greyhound, Addition and Lightrock. The transaction confirms a valuation of the company in excess of €1 billion.

This move accelerates the transformation of the Satispay app into a comprehensive financial platform. A journey that began in 2015 with the creation of a proprietary and independent payment network, upon which the Group has built value-added services over time. Since 2023, the offering has expanded to include corporate welfare, which has quickly become a key driver of the company’s growth, and tools such as the interest-bearing savings account and the investment section, which open up the capital markets to all users. These will soon be joined by supplementary pensions and the purchase of shares and ETFs. The mission remains unchanged: to integrate everything needed to manage and plan one’s financial future into a single app, breaking down technical and operational barriers.

The capital increase move comes at a time of strong growth for the company, with annualised revenue (ARR) as at 31 May exceeding €116 million, confirming the upward trend (+80% year-on-year over the last two quarters). This result is driven by the launch of new services, the steady growth of the user base, which has surpassed the 6.5 million mark, and the achievement of gross operating profitability across all core business lines (from payments to welfare, including value-added services such as mobile top-ups and gift cards), net of commercial expenses.

The Satispay network has reached 6.5 million users and over 450,000 affiliated businesses, with total deposits rising to €670 million by May 2026.

Satispay Welfare: by the end of May 2026, annualised volumes had increased by 250% year-on-year, reaching €420 million. The target is to exceed €700 million in annualised volumes by the end of the year. The number of companies already offering Satispay’s welfare products has risen to 43,000, and the number of workers using the welfare services has risen to 400,000.

Investments: Satispay’s interest-bearing savings account and investment funds have more than 500,000 investors and over €140 million in assets under management, with nearly 70% of users having set up a regular savings plan (PAC). Furthermore, Satispay has decided to waive its fees on the interest-bearing savings account: a move that confirms its commitment to making investment accessible to all and which comes on top of the milestone of over €1 million in returns already paid back to users since the product’s launch. Pay in 3 (BNPL): to date, the service has been used by over 35,000 people, generating over €6 million in transactions, with an annualised projection of €60 million.