Italy s mobile app payments startup Satispay became the latest to achieve highly unicorn status after completing 320 million euros in a new round of investments, pushing the company s value to over 1 billion euros $955 million. The Series D round, which is subject to regulatory approval, was led by the Venture capital firm Greyhound Capital, which has been a shareholder since 2018.
Other investors included the hedge fund Coatue Management, private equity firm Lightrock, Block Inc., China online giant Tencent, and Italy s Mediolanum Gestione Fondi Sgr, all Satispay investors since 2021.
Satispay, founded in 2013 by CEO Alberto Dalmasso, Dario Brignone and Samuele Pinta, provides a mobile app that allows users to pay in stores, exchange money with friends, and pay fines.
In a statement, Dalmasso said: "In the last two years we have had exceptional growth, bringing in a lot of additional talent to our teams, helping us transform Satispay into a more structured competitive reality. Dalmasso said that the company will use the new capital infusion to help Satispay become the next leading payment network in Europe. Since its inception a decade ago, the startup has grown exponentially. The company has doubled its customer base over the last two years. Satispay has a community of over 3 million users and 200,000 merchants.
Dalmasso said that it was a new beginning and we feel more determined than ever.