– ITALY, Milan – Satispay, the leading Italian fintech startup revolutionizing mobile payments, today announced a €93 million Series C financing round, bringing the total raised to date to €110m since inception in 2013.
The new funding round is co-led by Square, Inc. – a leading American fintech company, Tencent – a leading global internet company, LGT Lightstone – the growth equity impact investing arm of LGT Group, the largest family-owned private banking and asset management group in the world, and TIM Ventures – the corporate venture capital arm of Telecom Italia.
The last round consists of €68M of newly issued primary shares and approximately €25M of secondary shares purchased from existing investors and was completed at a €180M pre-money valuation.
The financing will help Satispay to consolidate its leadership position in Italy while also accelerating its international expansion that already started in Luxembourg and Germany, where it is experiencing strong momentum. As regards Italy, Satispay is enjoying substantial momentum and has now reached over 1.3 million consumers and 130 thousand merchants.
For more information: https://www.satispay.com/it-it/
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