Milan-based payments startup Satispay is gearing up for a big capital raise. The Italian FinTech unicorn wants to pull in up to €120 million as it tries to evolve from a payments app into a full-blown financial platform.
They’ve already locked in nearly €60 million from existing investors. The rest will be offered as pre-emptive rights to current shareholders, and it’ll all get discussed at the upcoming shareholders’ meeting of Momentum S.p.A. Satispay’s been one of Europe’s quieter success stories in the digital payments space, and this raise signals they’re not content to just process transactions — they want to become a one-stop shop for everyday financial services.
Whether they can pull it off is another question entirely. But with the mobile payments market in Europe still up for grabs, the timing makes sense.
Source: EU-Startups
