Satispay Seeks €120 Million for New Products and Acquisitions
Updated
Updated · Bloomberg · Jun 11
Satispay Seeks €120 Million for New Products and Acquisitions
2 articles · Updated · Bloomberg · Jun 11
Summary
Satispay is preparing a funding round of up to €120 million, with existing investors set to vote on the plan on June 29.
About half the money has already been committed by backers including Addition, Lightrock and Greyhound Capital, according to people familiar with the matter.
The Italian fintech plans to use the proceeds to expand into new financial products, while keeping extra capacity for potential acquisitions.
The round would give the privately held unicorn fresh capital for both organic growth and dealmaking as it broadens beyond its current business.