Satispay – the innovative payment network that reached unicorn status in September 2022 following a funding round led by Addition – has completed a new capital increase of €60 million, bringing total funds raised to over half a billion euros.

The operation, which is supported by the three main investors, Addition, Greyhound, and Lightrock, reflects Satispay’s solid partnership with its main investors, who, in light of the excellent progress over the past two years, saw an opportunity to exponentially accelerate the company’s growth. Satispay has proven its ability to effectively utilise the funds raised, achieving all its growth goals: it surpassed the milestone of 5 million users and 380,000 merchants, seized a major market opportunity entering Employee Benefits market with the launch of Corporate Meal Vouchers and Fringe Benefits – which, within just 12 months, reached over 12,000 client companies and surpassed 50,000 users thanks to its innovative offerings, paving the way to soon become a leading player – and has started preparing for the launch, planned for next year, of new investment services for its consumer user base.

For its part, Satispay, which has found true experts among its main investors with whom it maintains a constant dialogue, is pleased to strengthen this partnership and further accelerate the value generated for all its shareholders, employees, and end users, thanks to the positive impact of new financial resources that will further boost growth and the launch of new services.

Alberto Dalmasso, co-founder and CEO of Satispay, commented: “Once again, Satispay benefits from a perfect synergy that today is expressed through a truly strong partnership with our main investors supporting this operation – and, I would say, with all of our investors who have supported us from the beginning, consistently renewing their trust. Based on our analysis of the results achieved with a portion of the raised funds, they are now providing us with even more fuel to push harder on the growth accelerator. Being able to do this by raising funds earlier and in excess of what was strictly necessary, especially in a market context affected by sudden geopolitical shifts and a more challenging Venture Capital landscape due to interest rate trends, is a great privilege.”

This funding follows a period of sustained acceleration and aims to equip Satispay with the resources to compete and establish itself as a leader not only in the mobile payments market but also in the welfare and investment sectors. The new funds add to an existing cash reserve, allowing the company to sustain strong growth and to evaluate acquisitions if attractive opportunities arise.

As an additional expression of trust, this operation includes an increase in voting rights from 3 to 5 for the founders, thereby restoring their majority control.