Italian mobile payment unicorn Satispay has secured €60 million in funding from existing shareholders Addition, Greyhound, and Lightrock, bringing its total funding to over half a billion euros. The milestone follows a rapid expansion, with five million users and a merchant network of 380,000.
Satispay offers an alternative to credit and debit cards, allowing merchants to process payments without activation fees or monthly charges. The company has also ventured into the employee benefits sector, providing meal vouchers to over 12,000 client companies.
With plans to introduce a new investment service, Satispay continues to diversify its offerings. CEO Alberto Dalmasso highlighted the company’s ability to secure funds in a challenging market, emphasizing its growth potential despite economic headwinds.