Satispay is an innovative payment network that is an alternative to credit and debit cards. Satispay service allows users to pay in online and physical stores and exchange money between friends. Moreover, users can benefit from a variety of other services including bill payments, phone top-ups, donations, savings, gift envelopes, etc.
The Series D investment round was led by Addition. Greyhound Capital, Coatue, Lightrock, Block Inc., Tencent, and Mediolanum Gestione Fondi SGR also took part in the round. This round is claimed to be one of the highest-ever rounds for a tech startup from Italy. The funding raised will be used for both product and geographical expansion.
Satispay, Milan, Italy, was founded by Alberto Dalmasso, Dario Brignone, and Samuele Pinta in 2013. As of now, the company has 3 million consumers and 200 000 merchants, among them are such big brands as Auchan, Benetton, and Carrefour. Satispay’s offices are located in Milan, Luxembourg, and Berlin. The company’s team includes 300 employees. “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,” Alberto Dalmasso, CEO of Satispay.