Satispay funding news – Milan-based Satispay Raises €60 Million in Funding

This brings it’s total funding to over €500 million, helping the company grow its services and reach more customers. Since becoming a unicorn in September 2022, Satispay has grown quickly, now serving over 5 million users and 380,000 merchants in Italy, France, and Luxembourg.

Alberto Dalmasso, co-founder and CEO of Satispay, said: “Once again, Satispay benefits from a perfect synergy that today is expressed through a truly strong partnership with our main investors supporting this operation – and, I would say, with all of our investors who have supported us from the beginning, consistently renewing their trust. Based on our analysis of the results achieved with a portion of the raised funds, they are now providing us with even more fuel to push harder on the growth accelerator. Being able to do this by raising funds earlier and in excess of what was strictly necessary, especially in a market context affected by sudden geopolitical shifts and a more challenging Venture Capital landscape due to interest rate trends, is a great privilege.”

Funding Utilisation

The new funding will help it become a leader not only in mobile payments but also in welfare and investment services. The founders have also regained majority control of the company, strengthening its long-term goals and strategy.

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Satispay offering

It allows users to make various financial transactions, such as in-store and online payments, bill payments, mobile top-ups, and more. The app’s transparent and low-cost model has attracted both small businesses and big brands like Carrefour, Decathlon, and Trenitalia.

With around 650 employees and a growing presence in multiple countries, it continues to expand its services offering a simple, secure alternative for users and a cost-effective platform for merchants. The new funds will help the company continue growing and explore opportunities for acquisitions.

About Satispay

Satispay was founded in 2013 as an independent payment network. It provides a simple, low-cost alternative to credit and debit card payments. It helps people send, receive, and save money easily, no matter which side of the transaction they’re on. Launched in 2015 as a European payment network, Satispay reached a major milestone in 2022 by becoming an Italian unicorn.