Satispay raises €93m in series-C round

Jack Dorsey's controlled payments company, Square, invested €15m in the company. 

Satispay said in a statement that, following the latest round, the company's post-money valuation will be €248m.

The proceeds will be used for accelerating further internationalisation.

Co-founder and CEO Alberto Dalmasso previously told sister publication Mergermarket that the company could consider listing in 2022.

The fintech startup has raised $160.7m in total since being founded in 2013, according to Crunchbase. The company said in a statement that it recorded €400m in transaction volume by October 2020, a 78% increase from a year earlier.

Previous funding
In 2015, Satispay raised $3.5m in series-A funding from private investors. Two years later, it raised $22m in series-B funding from Sella Ventures, Iccrea Banca, Boost Heroes and Banca Etica. In July 2018, Satispay raised an additional €10m in series-B funding in a round led by Copper Street Capital.  

Company
Founded in 2015 and based in Milan, Satispay has developed a payment app that is independent from debit and credit card networks. The platform is used by 130,000 merchants and 1.3 million users. It has 130 staff, according to its LinkedIn page. The company has an additional office in London.

People
Satispay – Alberto Dalmasso (CEO, co-founder).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• Southern Europe
• Technology
• Italy