Italian mobile payments startup Satispay has netted €93m in a Series C round, bringing the total capital injected into the venture since its 2013 launch to €110m.
The new round consists of €68m of newly issued primary shares and approximately €25m secondary shares purchased from existing investors. The round was completed at a €180m pre-money valuation.
Square, Tencent, LGT Lightstone and TIM Ventures all co-led the round.
Satispay will use the new financial muscles 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.
We have previously reported that Satispay had raised €10m in a funding round in July 2018, followed by another €18.3m cash injection a few months later in October the same year.
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