Satispay

Satispay is an Italian fintech company that operates an independent mobile payment network, bypassing traditional debit and credit card systems. Founded in 2013 and launched in 2015, Satispay offers a wide range of digital payment services including in-store and online transactions, peer-to-peer payments, bill payments, mobile top-ups, and savings features. The company's platform connects directly to users' bank accounts, allowing them to set a weekly budget for transactions. As of April 2024, Satispay serves over 4 million consumers and 330,000 merchants across Italy, Germany, Luxembourg, and France. The company's business model is based on transparent pricing, with free transactions under EUR 10 and a fixed fee of EUR 0.20 for transactions above that amount. This approach has helped Satispay gain traction among both consumers and merchants, particularly for small everyday purchases like coffee. The company has expanded its services to include features such as government and tax payments, donations, and savings tools. In September 2022, Satispay raised EUR 320 million in a Series D funding round led by Addition, valuing the company at over EUR 1 billion and securing its status as an Italian unicorn.

Key customers and partnerships

Satispay's merchant base includes a mix of small businesses and large international brands. Some notable merchants using the platform include Esselunga, Auchan, Benetton, Carrefour, Boggi, Trenord, Eataly, McDonald's, Tigotà, Autogrill, and Trenitalia. The company has also formed partnerships to expand its services. In 2022, Satispay collaborated with Young Platform to enable payments within Young's crypto app. Additionally, the company has partnered with various local entities to facilitate services such as church donations and government payments. Satispay's user base has shown strong engagement with new features, with 45-65% of monthly active users typically adopting each new service launched on the platform.