Satispay, a Milan, Italy- and London, UK-based fintech company, raised €10m in the first tranche of its Series B funding.
The round, which brought total funding to approx. €37m and the company’s valuation to €100m, was led by Copper Street Capital, with participation from Endeavor Catalyst, as well as Greyhound Capital.
Current shareholders have the option of making further investments up to a total of €15m.
Led by Alberto Dalmasso, co-founder and CEO, Satispay provides an app to send and receive money to and from phone contacts and pay in stores without using credit/debit cards. Satispay, which only requires a phone number and an IBAN to start sending money securely, has reached over 600,000 downloads and has more than 340,000 active users.