Satispay, the smartphone electronic payments company led and co-founded by Alberto Dalmasso, announced yesterday a capital increase of up to 120 million euros. Half of the amount will come from investment funds Greyhound Capital, Lightrock, and Addition (the first two based in London, the latter in New York), which have already supported the startup for years.
Satispay’s investors will vote on the funding round on June 29, Bloomberg had written. The planned 120 million will be used to finance the release of new products and to provide the company with the necessary flexibility to make further acquisitions.
THE NUMBERS OF SATISPAY
Satispay was founded in 2013 and in 2022 reached a market valuation exceeding 1 billion euros – thanks to a round of 320 million – thus obtaining “unicorn” status. In 2024, it then raised another 60 million.
The company counts about 6.5 million users and 450,000 merchants on its platform. At the end of May, the total deposits held amounted to 670 million euros, while the annualized revenue exceeded 116 million.
… AND THE EXPANSION PLANS
From smartphone electronic payments, Satispay has progressively expanded into other sectors such as corporate welfare (in 2021 it acquired AdvisorEat, a startup that recommends restaurants to corporate consultants and professionals on business trips) and investments (in 2025, for example, it launched the “Remunerated Piggy Bank” service together with Amundi, a French asset management company controlled by Crédit Agricole).
Now, Satispay would like to expand into the stock and ETF trading market, in order to compete more directly with banks and fintech companies. Essentially, the startup wants to become a complete financial platform and, in this regard, it recently previewed a new feature to subscribe to pension funds directly from the application.
Regarding possible internationalization, Dalmasso told Wired that “right now the focus is on Italy and it will remain so for the next 12-18 months.”
HOW THE ACCOUNTS ARE GOING
In 2024 Satispay recorded revenues of 46 million euros, 66 percent higher year-on-year, and a loss of 47.3 million, compared to -46.3 million in 2023. EBITDA was also negative, at 39 million, although improving by 18 percent compared to the previous year.
Personnel costs exceeded 40 million euros, compared to 29 million in the previous fiscal year.
