Italian paytech Satispay has secured €60 million in a new funding round spearheaded by existing shareholders Greyhound Capital, Lightrock and New York-based venture capital firm Addition, according to FintechFutures. Addition previously led Satispay’s €320 million Series D in September 2022, which elevated the company to unicorn status with a valuation exceeding €1 billion.
In the time since, Satispay claims the company has “proven its ability to effectively utilise the funds raised, achieving all its growth goals”.
These goals, Satispay adds, include expanding its customer case to five million users and onboarding 380,000 merchants, as well as launching corporate meal vouchers and fringe benefits for the employee benefits market a year after the Series D closed.
Satispay intends to use its latest funds to launch “new investment services for its consumer user base”, with preparations already underway for a rollout “planned for next year”.
Having now raised over €500 million in total funding to date, the paytech also hints that it will “evaluate acquisitions if attractive opportunities arise”.
According to CEO Alberto Dalmasso, the latest funding was raised “earlier and in excess of what was strictly necessary”.
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The company offers a range of payment functions for businesses and individuals, including bill payments, mobile top-ups and peer-to-peer (P2P) transfers, and currently operates across France, Luxembourg and Italy.
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:
