Total amount raised
$993.5 Millions
Latest funding date
09/01/2022
Location
Title
Satispay has successfully raised significant funding over multiple rounds, establishing itself as a key player in the digital payment and corporate welfare sectors. The platform offers a range of services for individuals and businesses, including digital meal vouchers and low-commission payment solutions.
Keep reading to explore the intricacies of Satispay's fundraising journey and the investors backing this innovative platform.
What Is Satispay?
Satispay, founded in 2013, is a digital payment app and corporate welfare platform. The company is headquartered in Milan, Italy, and Luxembourg. It was established by Alberto Dalmasso, Dario Brignone, and Samuele Pinta.
Satispay offers a range of services, including digital meal vouchers, low-commission payment solutions, and corporate welfare benefits. The platform is designed to simplify payments for both individuals and businesses.
With a growing team, Satispay continues to expand its reach, serving over 400,000 businesses and numerous individual users. For more details, visit their official website.
How Much Funding Has Satispay Raised?
- Series D Round
- Amount Raised: €320 million
- Date: September 2022
- Lead Investors: Addition
- Valuation at Round: Over €1 billion
- Motivation Behind the Round: To expand Satispay's product set and geographic reach, particularly into France and Germany.
- Previous Rounds
- Amount Raised: €130 million (cumulative over three rounds)
- Lead Investors: Greyhound Capital, Tencent, Block Inc.
- Motivation Behind the Round: General growth and expansion.
Total Amount Raised: €450 million
Current Valuation: Over €1 billion
Key Investors
- Addition
- Details: Founded by Lee Fixel, Addition is a venture capital firm known for its strategic investments in technology companies. The firm has a reputation for backing high-growth startups.
- Investment Focus Areas: Technology, consumer internet, enterprise software
- Notable Investments: Stripe, Coinbase, Satispay
- Greyhound Capital
- Details: Greyhound Capital is an investment firm that focuses on long-term investments in technology and growth-stage companies. They have been investing in Satispay since 2018.
- Investment Focus Areas: Technology, fintech, healthcare
- Notable Investments: Revolut, Nubank, Satispay
- Coatue
- Details: Coatue is a global investment firm that manages assets across public and private markets. They are known for their data-driven investment approach.
- Investment Focus Areas: Technology, media, telecommunications
- Notable Investments: ByteDance, DoorDash, Satispay
- Block Inc.
- Details: Formerly known as Square, Block Inc. is a U.S. fintech company that provides payment and point-of-sale solutions. They have been backing Satispay since 2021.
- Investment Focus Areas: Fintech, payment solutions, blockchain
- Notable Investments: Tidal, Afterpay, Satispay
- Tencent
- Details: Tencent is a Chinese multinational conglomerate known for its investments in technology and internet services. They own WePay and other significant assets.
- Investment Focus Areas: Technology, internet services, fintech
- Notable Investments: WeChat, Epic Games, Satispay
What's Next for Satispay?
With its recent €320 million funding round, Satispay is poised to capitalize on significant growth opportunities. The company plans to expand its product offerings and enter new markets, particularly France and Germany. This geographic expansion, coupled with potential integrations like buy-now, pay-later services, positions Satispay to tap into a broader consumer base and enhance its market presence.
Future fundraising efforts may be on the horizon to support these ambitious plans. However, Satispay will need to navigate challenges such as regulatory hurdles in new markets and maintaining low transaction fees while scaling operations. The competitive landscape of digital payments also presents a formidable challenge, requiring continuous innovation and strategic partnerships.
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