Satispay raises €18.3m in third funding round

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fintech insurtech wealthtech regtech ai cybertech esg news

Smart payment platform Satispay has raised €18.3m in its third round of funding. 

The Italian e-payment company has raised a total of €26.8m, putting the company’s valuation currently lies at about €66m.

Investors in this round include Banca Etica, Banca Sella Holding, Smartclub and venture capital firm Shark Bites.

Former Google Wallet executives Jonathan Weiner and Ray Iglesias, Autoscout24 founder Nicola Carbonari and Vice President Networks of Samsung Electronics and Nokia Giuseppe Donagemma invested in previous funding rounds.

On the market since January 2015, Satispay’s growth is said to be attributed to a ‘merchantfirst’ strategy, aiming to create the first electronic payment solution for all types of retailers.

A total of 19,000 commercial activities across Italy have already registered to accept payments via Satispay and the number is constantly rising by approximately 70 new merchants per day.

Copyright FinTech Global 2017

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