Existing backers Greyhound, Addition and Lightrock have already committed to roughly half the round, as Satispay reports €116 million in annualised revenue and 6.5 million customers
Italian mobile payments unicorn Satispay is targeting a raise of up to €120 million, with around half already covered by subscription commitments from existing investors Greyhound, Addition and Lightrock.
Satispay’s core product offers merchants an alternative to card payments, with no activation or monthly fees and a flat 20-cent charge on payments over €10. As of May 31, the company’s annualised revenue exceeded €116 million, its customer base has surpassed 6.5 million, and all core business lines have reached gross operating profitability.
The funding supports Satispay’s ambition to become a comprehensive financial app, expanding beyond payments into buy now pay later, corporate welfare, investments, and eventually pensions and direct stock and ETF purchases.
“Following payments and welfare, we have just launched a pension education service for companies, the first step in a journey that will soon extend to our consumer users as well,” said Alberto Dalmasso, co-founder and CEO of Satispay. “We aim to simplify access to pension funds by autumn, and to open up the possibility of purchasing stocks and ETFs directly in the app.”
The raise follows a €60 million round in November 2024, reflecting continued investor appetite for Satispay’s expansion from a payments alternative into a broader retail financial services platform, a trajectory similar to other European fintechs pursuing the “super app” model.