Satispay, new EUR 60 million capital increase

To date, Satispay has achieved all of its growth targets: it has surpassed the5 million user mark and 380,000 merchants; it has seized a major market opportunity with the launch of the Meal Voucher and Fringe Benefit services, which in just 12 months have reached over 12,000 corporate customers and exceeded 50,000 users; and it has set the course for the launch, planned for next year, of new investment services aimed at the platform's consumer users. The new financial resources will now further accelerate the growth and launch of new services.

"Once again Satispay is accompanied by a perfect alchemy that today is expressed in a truly strong partnership with our main investors who support this operation - but I would go so far as to say with all of our investors - who have always supported us from the very beginning, continuing to renew their trust," comments Alberto Dalmasso, co-founder and ceo of Satispay, adding: "The results we have achieved with some of the resources we have raised give us even more fuel to push harder on the growth accelerator. To be able to do this by raising earlier and more than necessary, moreover in a context in which markets are conditioned by sudden geopolitical changes and the world of venture capital has become more difficult for everyone also as an effect of the trend in interest rates, is a great privilege'.

Today, more than 5 million consumers use Satispay in over 350,000 merchant locations, including small shops but also large retailers such as Autogrill, Benetton, Boggi, Carrefour, Decathlon, Eataly, Trenitalia and Trenord, in France, Luxembourg and Italy. Based in Milan, the company now employs around 650 people and aims to become Europe's super payment network.

The transaction comes after a continuous acceleration and aims to give Satispay the resources to compete and establish itself as a leader not only in the mobile payments market, but also in the welfare and investment markets. The cash is in addition to the cash already available, allowing the company to maintain its strong growth and evaluate acquisitions should interesting opportunities arise.