Satispay, the mobile payment giant, has successfully closed a new funding round, securing €60m.
This latest financial injection brings the total funds raised by the company to over half a billion euros, underscoring its robust growth trajectory.
The funding round was supported by main investors Addition, Greyhound, and Lightrock, marking a continued partnership that has significantly contributed to the company’s rapid expansion.
Satispay has achieved notable milestones such as surpassing 5 million users and 380,000 merchants. The company’s recent launches, the Meal Voucher and Fringe Benefit services, have also met with considerable success, reaching 12,000 companies and 50,000 users within a year.
Satispay is not only enhancing its current offerings but also planning to introduce new investment services for consumer users by next year. This move is part of a broader strategy to diversify and enrich its service portfolio, aiming to cement its leadership in the mobile payments, welfare, and investment markets.
Alberto Dalmasso, co-founder and CEO of Satispay. “This new capital increase is the result of a solid and fruitful partnership with our investors, who have continued to renew their trust in us since the beginning. Thanks to these new funds, we will be able to further accelerate our growth and consolidate our position as a leader in the mobile payments, welfare and investment markets.”
The recent funding also signifies a strategic shift in governance, with an increase in voting rights for the founders from 3 to 5. This adjustment allows them to regain majority control, positioning them to steer the company towards more ambitious projects and possibly strategic acquisitions.
Keep up with all the latest FinTech news here
Copyright © 2024 FinTech Global
