What is Satispay?
Founded in 2013, Satispay operates a distinctive payment network designed to circumvent traditional banking and credit card intermediaries. This approach allows Satispay to offer its users reduced transaction fees and enhanced budget control features. The company's independent infrastructure positions it as a key player in the evolving fintech landscape, challenging established payment systems with a more user-centric and cost-effective alternative.
How much funding has Satispay raised?
Satispay has raised a total of $536.8M across 7 funding rounds:
Series A
$7.1M
Private Equity
$3.4M
Private Equity
$21.4M
Series B
$11.7M
Series C
$110.2M
Series D
$320M
Other Financing Round
$63M
Series A (2014): $7.1M with participation from Gruppo Bancario Iccrea
Private Equity (2015): $3.4M led by Gruppo Bancario Iccrea
Private Equity (2017): $21.4M supported by Banca Etica, Banca Sella Holding, SharkBite, ICCREA Banca, and Smart Club
Series B (2018): $11.7M featuring Endeavor Global, Greyhound Capital, and Copper Street Capital
Series C (2020): $110.2M backed by LGT Lightstone, Square, Inc., TIM Ventures, and Tencent
Series D (2022): $320M with participation from Coatue, Lightrock, Addition, and Greyhound Capital
Other Financing Round (2024): $63M led by Lightrock and Greyhound
Key Investors in Satispay
Lightrock
Lightrock is a global sustainable investment platform managing over $5.5 billion in assets across private and public markets. The company focuses on investing in purpose-driven businesses that address significant global challenges, with a commitment to impact and returns.
Greyhound Capital
Greyhound Capital Management LLP is a financial services firm based in England and Wales, authorized and regulated by the Financial Conduct Authority. The company specializes in investment management and offers services to a range of clients, including institutional investors.
Coatue
Coatue Management, L.L.C. is an employee owned hedge fund sponsor. The firm primarily provides its services to pooled investment vehicles. It launches and manages hedge funds for its clients.
What's next for Satispay?
The substantial enterprise-level backing Satispay has garnered, particularly the recent strategic investment, signals a strong trajectory for scaling its operations and expanding its service offerings. This capital will likely be deployed to enhance its technological infrastructure, broaden its user base across new markets, and potentially develop complementary financial services. The company's focus on lower transaction fees and user control suggests a continued emphasis on disrupting the traditional payment sector.
See full Satispay company page
