Italian FinTech unicorn Satispay plans €120 million raise; with nearly €60 million already committed by existing investors

Milan-based FinTech unicorn Satispay has announced its plan to raise up to €120 million to support the acceleration of the company’s growth strategy and evolution into a comprehensive financial platform.

The proposed capital increase will be offered as a pre-emptive right to existing shareholders and will be discussed at the shareholders’ meeting of Momentum S.p.A., Satispay’s holding company, to be held on 29th June 2026. 

Approximately half of the proposed capital raise (nearly €60 million) is covered by subscription commitments from existing investors, including Greyhound, Addition and Lightrock, and will support Satispay’s organic growth plan. The transaction reaffirms the company’s valuation of over €1 billion. Notably, the founders will retain a controlling role in the company’s governance. 

Alberto Dalmasso, co-founder and CEO of Satispay, commented, “Italy holds one of the largest private financial wealth reserves in the world. Wealth that too often lies idle, fails to grow, and builds no future. We believe that investing should be within everyone’s reach, with the same ease with which people manage money in their daily lives today. This is the vision that drives the evolution of Satispay. 

“Following payments and welfare, we have just launched a pension education service for companies — the first step in a journey that will soon extend to our consumer users as well: we aim to simplify access to pension funds by autumn, and to open up the possibility of purchasing stocks and ETFs directly in the app.”

Launched in 2015 as a European payment network, Satispay is an Italian super-app and proprietary payment network that claims to make managing money and financial services simple and accessible. 

With a growing community of 6.5 million people, the platform allows users to pay via smartphone (in-store and online), exchange money for free, and access several value-added services such as the Satispay Points loyalty programme, “Pay in 3” for interest-free instalments, mobile top-ups, bill payments, road tax, PagoPA, gift cards, donations, and savings.

The company hit unicorn status in 2022, and in September 2023, it entered the corporate welfare sector with its innovative Satispay Meal and Gift Vouchers, followed by the Satispay FlexBen platform, which simplifies reimbursements and pension fund management. In 2024, the company raised an additional €60 million in funding. 

The company reports that the raise occurs amid robust growth, with annualised revenues (ARR) as of 31 May 2026 surpassing €116 million, reflecting a strong upward trend (+80% YoY over the past two quarters). 

According to the unicorn, this growth is driven by the launch of new services, the continued growth of the user base, which has surpassed 6.5 million, and the achievement of gross operating profitability across all core business lines (including payments, welfare, and value-added services such as mobile top-ups and gift cards), net of commercial expenses.

Satispay reported that its network has reached 6.5 million users and over 450,000 affiliated merchants, with total deposits growing to €670 million in May 2026. The company’s welfare business has recorded strong momentum. At the end of May 2026, Satispay Welfare reported annualised volumes of €420 million, up 250 per cent year-on-year. The company aims to exceed €700 million in annualised volumes by year-end. 43,000 companies already offer Satispay’s welfare, and the number of workers using its welfare services has risen to over 400,000.

In the investment category, the ‘Invested Money Box’ and Satispay investment funds count more than 500,000 investors and over €140 million in invested assets, with nearly 70% of users having activated a recurring investment plan. To further boost the accessibility of investing, Satispay also eliminated all its fees on the ‘Invested Money Box’. 

The company’s new Buy Now Pay Later service has now been used by over 35,000 people, facilitating transactions valued at more than €6 million, with an annualised projection of €60 million.

Satispay’s 2026 release plan includes further enhancements, including the purchase of stocks and ETFs, allowing users to invest in stocks and ETFs directly in the app. It also plans to launch Pension Education, a new service for more than 43,000 corporate welfare clients, helping employees understand their pension through webinars and one-to-one expert sessions. It also mentions that supplementary pension consumer clients will soon be able to subscribe to pension funds directly from the app. 

With this new funding, the company plans to accelerate its evolution into a comprehensive financial platform, funding the rollout of new services including stock and ETF trading, supplementary pensions, pension education, welfare products and other app-based financial tools. The funding will also supplement its existing liquidity, further strengthening its balance sheet and supporting continued investment in technological development. Potential acquisitions of complementary businesses are also on the company’s radar.

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