Satispay is an innovative mobile payment network founded in 2013 by Alberto Dalmasso, Dario Brignone, and Samuele Pinta. It is headquartered in Milan, Italy, and has expanded its reach across Europe, including significant operations in countries like Luxembourg and France. As of 2024, Satispay has successfully raised over €500 million in funding, establishing itself as a key player in the fintech landscape with a valuation exceeding a billion euros. The company stands out by offering a cost-effective alternative to traditional credit and debit card payment systems, aiming to revolutionize the way transactions are handled in physical stores and online.
| Attribute | Information |
|---|---|
| Founding Date | 2013 |
| Headquarters | Milan, Italy |
| Founders | Alberto Dalmasso, Dario Brignone, Samuele Pinta |
| Revenue | $47.1 million as of 2024 |
| Profits | -€46 million for 2023 |
| Key Investors | Addition, Greyhound Capital, Lightrock |
| Industry | Financial Technology (Fintech) |
| Number of Employees | Approximately 700 |
Satispay was conceptualized in 2013 by three Italian entrepreneurs in Cuneo: Alberto Dalmasso, Dario Brignone, and Samuele Pinta. The founders aimed to develop an independent digital payment network to bypass traditional banking fees associated with card payments. By leveraging IBAN-based transactions, Satispay offered a cost-effective solution appealing to both merchants and consumers. In its early years, the company focused heavily on the Italian market, gaining traction for its secure and convenient payment system. By 2015, Satispay's innovative application was fully operational, allowing users to execute transactions effortlessly across physical retail environments, thereby setting a solid foundation for its future expansion.
Satispay operates as a mobile payment app, offering a seamless experience for users to send, receive, and manage money directly from their smartphones. By connecting to bank accounts via IBAN, the app provides an alternative to credit and debit cards, allowing users to set spending budgets and enjoy features like cashback incentives.
Satispay continues to lead the fintech industry as a primary mobile payment network in Southern Europe. With an expansive base of over 4 million users and 300,000 participating merchants, it provides unparalleled service agility, particularly in mobile payments. The platform's adaptability to both in-store and online environments sets it apart, offering robust integration with electronic money systems. Satispay's strategic market advantages include lower transaction fees compared to traditional card networks, reinforcing its value proposition to merchants. Moreover, the company's commitment to expanding geographically and enhancing service features positions it well to capture a larger market share, particularly in diverse financial services including personal finance and employee benefits.
Satispay has solidified its status as a transformative force in the European fintech arena. With continuous advancements and dedication to delivering cost-effective, user-friendly payment solutions, Satispay has positioned itself at the forefront of digital finance innovation. Moving forward, its strategic expansions, coupled with technological partnerships and investor backing, indicate a trajectory of sustained growth and influence in the global digital payment landscape. Given its strong foundation and ongoing innovation, Satispay is poised to play a significant role in shaping the future of mobile and digital payments beyond Europe.