Satispay, a Milan, Italy-based mobile payment company, closed its third round of funding at €18.3m.
Banca Etica, Banca Sella Holding, Smartclub, and Shark Bites joined Iccrea Banca in the second tranche of the round.
The company, which has raised a total of €26.8m at an approx. €66m post money valuation, is using the funds to continue to expand operations. In April 2017, we covered the first close of the round, at €14m.
Co-founded by Alberto Dalmasso, CEO, Dario Brignone, CTO, and Samuele Pinta, COO, and also led by Giandomenico Genta, President, Satispay provides a payment system that allows people to pay stores or friends from the smartphone.
The app is free and available for download for iPhone, Android and Windows Phone.
For businesses, the company provides the Satispay Business app, which allows mercants to accept in store payments via their smartphone, tablet, PC or Mac.