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§ Private Profile · Milan, Lombardia, Italy
Satispay is a technology company.
Satispay provides a mobile payment application enabling users to manage financial transactions directly from their smartphones. Its core product facilitates in-store and online payments, peer-to-peer money transfers, and personal savings management through dedicated money boxes. Operating as an independent payment system, it offers an alternative to traditional credit and debit card networks, focusing on direct and efficient financial interactions.
The company was founded in 2013 by Alberto Dalmasso, Dario Brignone, and Samuele Pinta. Their initial insight was to create a smarter, more direct payment solution that could circumvent conventional banking infrastructure. This vision culminated in the official launch of their mobile payment services in 2015, addressing a perceived gap in the market for frictionless digital transactions.
Satispay serves both individual consumers and various merchants who benefit from its streamlined payment and financial management tools. Its overarching mission is to become a leading convenient, reliable, and secure payment method, empowering individuals, businesses, and communities alike. The company strives to simplify daily financial activities and enhance commercial relationships through its innovative platform.
Satispay has raised $523.8M across 6 funding rounds.
Satispay has raised $523.8M in total across 6 funding rounds.
Satispay has raised $523.8M across 6 funding rounds. Most recently, it raised $69.8M Other Equity in November 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 12, 2024 | $69.8M Venture Round | — | — | Announced |
| Sep 28, 2022 | $307.3M Series D | Addition | — | Announced |
| Nov 19, 2020 | $110.2M Series C | Square | — | Announced |
| Jul 23, 2018 | $11.7M Series B | — | — | Announced |
| Sep 17, 2017 | $21.9M Venture Round | — | — | Announced |
| Sep 1, 2015 | $3M Series A | — | OAK HC/FT | Announced |
Satispay has raised $523.8M in total across 6 funding rounds.
Satispay's investors include Addition, Square, Oak HC/FT.
Satispay is an Italian fintech company that builds a mobile payment app enabling users to make peer-to-peer transfers, in-store and online payments, and access services like cashback, meal vouchers, and bill payments directly linked to their bank accounts.[1][2][3][5] It serves millions of individual consumers and hundreds of thousands of merchants, including small businesses and large retailers like Autogrill, Benetton, Carrefour, and Decathlon, solving high card fees, cash inconveniences, and complex digital payments with a low-cost, card-independent network charging a flat 20-cent fee per transaction over €10 for merchants—free for users.[1][3][4] With unicorn status achieved in 2022 (valued over $1bn) and recent €60m funding in 2023 from Addition, Greyhound Capital, and Lightrock—bringing total funding over €500m—Satispay has grown to 5 million users and 380,000 merchants across Italy, France, and Luxembourg, positioning it for European expansion and new services like retail investment tools in 2025.[3][8]
Satispay was founded in 2013 in Cuneo, Italy (with early Milan ties), by Alberto Dalmasso (current CEO), Dario Brignone, and Samuele Pinta, who aimed to simplify everyday payments amid Italy's cash-heavy culture and high card commissions for small merchants.[1][5][9] The idea emerged from frustration with traditional systems' inefficiencies, leading to a mobile app that bypasses cards by linking directly to bank accounts via a virtual wallet with its own IBAN, enabling instant, low-cost transactions.[1][5] Early traction came from focusing on micro-payments and P2P transfers, quickly expanding to business tools and integrations like Ingenico readers and TCPOS software; by securing partnerships and unicorn valuation in 2022, it solidified as a fintech leader despite market challenges.[3][4]
Satispay rides the fintech wave of digital payment adoption in cash-dominant Europe, disrupting card networks (Visa/Mastercard) by cutting intermediaries for faster, cheaper transactions amid rising e-commerce and contactless demand.[1][3] Timing aligns with post-pandemic mobile payment surges and regulatory pushes for open banking, favoring independent networks; market forces like high interest rates haven't slowed its €60m raise in a tough VC climate, enabling expansion from Italy to France/Luxembourg.[3][8] It influences the ecosystem by empowering small merchants (key in Italy's fragmented retail), fostering partnerships, and pioneering benefits/welfare services, potentially reshaping retail finance as it eyes acquisitions and investments.[3]
Satispay's independent network and low-fee model position it to dominate European micro-payments and welfare, with 2025 investment services launching via recent €60m funding to attract retail users and open new revenues.[3][8] Trends like AI-driven fintech, open banking regulations, and economic pressures on SMEs will accelerate growth, potentially through acquisitions and further geographic pushes. Its evolution from Italian upstart to unicorn could redefine everyday finance, tying back to its core mission of seamless, accessible payments that outpace legacy systems.[1][3]