Satispay enters the banking sector with debit cards and investment services
The fintech company ended the first half of 2026 with annualised recurring revenue of 120 million euros and 6.5 million users
Satispay has closed the first half of 2026 with annualised recurring revenue of €120 million and is embarking on a new phase of growth. The Italian fintech company has announced the launch of debit cards in partnership with Mastercard, following the introduction of IBANs at the start of the year, taking a further step towards an integrated banking platform model.
This development comes at a time when the company is consolidating its position; it now has 6.5 million users and, thanks to the recent capital increase of 60 million (which can be increased to 120 million euros), has strengthened its investment capacity to support this new phase of development.
“Our journey began with a promise: to make payments free from all complexity. Our proprietary payment network was – and remains – at the heart of a greater vision: to improve people’s lives by making all financial services simple and accessible. The results achieved to date – with 6.5 million users, 450,000 partner businesses and the renewed trust of our investors – are proof that the vision of the future that guides us is becoming a reality,” comments Alberto Dalmasso, co-founder and CEO of Satispay, who continues: “Our aim is to make Satispay the most popular financial platform, both in Italia and abroad. To this end, alongside the numerous services we have already launched, we are continuing to work to ensure that users in our community can find all the features of a bank account within the app: from the IBAN, which was activated at the start of the year, right through to debit cards. To achieve this, we have chosen a partner such as Mastercard, which immediately recognised fintech as an opportunity for evolution and growth. Receiving your salary, growing your savings, spending anywhere in the world: we are building a single space where our users can manage their money with ease, in complete freedom and without borders.”
In early June, the company had announced a capital increase of up to 120 million euros. Around 50 per cent of the transaction is intended to finance the organic growth plan and is already backed by a commitment to subscribe from existing investors, including Greyhound, Addition and Lightrock. The transaction confirms a valuation of the company in excess of one billion euros. The remaining 50 per cent of the capital increase also leaves the company free to capitalise on any external growth opportunities through M&A transactions. The new funds will be added to the liquidity already available, further strengthening a capital structure considered solid and conducive to the platform’s technological development.
“The capital increase has been approved up to 120 million, with 50 per cent already subscribed by existing shareholders Greyhound, Addition and Lightrock. It will remain open until the end of the year, but in reality we are already assessing acquisition opportunities so that we can decide by the end of the summer how much of the remaining portion to actually raise. “The opportunities we are evaluating are mostly in Italia,” emphasises Dalmasso.
