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HomeFinTechSatispay: Raises €93M in Series C Funding

Satispay: Raises €93M in Series C Funding

  • Satispay, a Milan, Italy-based mobile payments startup, raised €93m in Series C funding
  • The round completed at a €180M pre-money valuation consists of €68M of newly issued primary shares
  • The round co-led by Square, Tencent, LGT Lightstone, and TIM Ventures
  • The formal closing is subject to customary closing conditions and expected to complete by the end of the year
  • The company intends to use the funds to consolidate its leadership position in Italy while also accelerating its international expansion in Luxembourg and Germany
  • The company has now reached over 1.3 million consumers and 130 thousand, merchants
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