Italy's 2nd unicorn Satispay, partners with Ad4ventures in a media for equity deal
Satispay is a fintech company that provides a bank account enabled mobile payment platform.
Satispay is a fintech company that provides a bank account enabled mobile payment platform.
Satispay provides a wallet-based payment solution for consumers independent of debit and credit cards. It offers money transfers, mobile recharge, bill payments, pagoPA, auto vehicle tax stamps, donations, gift envelopes, savings, and online/offline purchases.
It can be accessed through the available app on both IOS and Android devices. It also offers integrated POS solutions to businesses for accepting online payments. The company aims to change how people pay in stores and online and exchange money between friends.
Transaction Growth:
- Processed 21.5 million transactions, totaling €400 million in volume within the first 10 months of 2020, indicating a substantial 78% increase compared to the same period in 2019.
Pandemic Impact:
- Amid the COVID-19 pandemic, Satispay experienced significant growth, welcoming over 450,000 new users and onboarding 35,000 new affiliated merchants, including renowned retailers such as Carrefour, Auchan, Autogrill, and KFC.
Year-End Statistics (2020):
- Concluded the year with 1.2 million active users and 12 affiliated businesses, resulting in approximately €25.5 million in revenue.
Current Reach:
- Currently encompasses a community of 3 million consumers and 200,000 merchants across Italy, Germany, Luxembourg, and France, achieving a doubling of its user base and expanding operations to six additional countries.
Series D Fundraising Milestone:
- Through the recent Series D fundraising round, Satispay achieved the distinction of becoming the first unicorn in Ad4Ventures' investment portfolio and the second unicorn in Italy.
