Satispay is said to be planning to raise EUR 120 million for stock trading.

      TL;DR

      The Italian fintech unicorn Satispay is reportedly aiming to raise up to EUR 120 million to support its expansion into stock trading, ETFs, savings, and pensions. Existing investors, including Addition, Lightrock, and Greyhound Capital, have reportedly pledged around half of the target amount, with a shareholder vote scheduled for June 29.

      Satispay, the Milan-based mobile payments company that achieved unicorn status in 2022, is reported to be seeking up to €120 million ($139 million) in new funding. This financing round will facilitate the fintech's growth into areas beyond payments, such as stock and ETF trading, savings, investments, and pensions.

      Investors are expected to vote on this funding round on June 29, as reported. Current backers like Lee Fixel’s Addition, Lightrock LLP, and Greyhound Capital have reportedly committed about half of the targeted amount.

      Founded in 2013 by Alberto Dalmasso, Dario Brignone, and Samuele Pinta, Satispay has established itself as an independent mobile payment network, now reportedly boasting 6.5 million users and 450,000 merchants. These numbers reflect substantial growth from the 5 million users and 380,000 merchants reported at the end of 2024, a growth pattern typical among other rapidly scaling European fintech unicorns.

      Satispay reached unicorn status in September 2022 after completing a €320 million Series D round with a valuation of over €1 billion. Addition led this funding round, with participation from Greyhound Capital, Coatue, Lightrock, Block Inc., Tencent, and Mediolanum Gestione Fondi SGR.

      In November 2024, Satispay followed up with a €60 million round, led by Addition, Greyhound, and Lightrock. At that time, CEO Alberto Dalmasso discussed plans to introduce investment services for consumers, aiming for a rollout in 2025.

      This timeline seems to have come to fruition. In 2026, Satispay launched three investment funds in collaboration with Invesco, one of the largest independent asset managers globally.

      The shift towards stock trading infrastructure reflects a broader trend among European fintech companies expanding from core payments into wealth management. The anticipated €120 million funding would significantly advance this transition.

      Additionally, Satispay introduced a buy now, pay later service in November 2025, enabling three-instalment payments for consumers. The company has been consistently entering new European markets beyond its Italian base, including operations in France and Luxembourg.

      Reports indicate that Satispay recorded €670 million in total deposits by the end of May and is generating annualized revenue exceeding €116 million, representing a sharp increase from the €45 million in net revenue projected by the end of 2024.

      The planned fundraising would also provide Satispay with the flexibility for acquisitions. According to reports, the company’s expansion into the Italian welfare benefits sector—such as corporate meal vouchers and fringe benefits—has lowered its capital requirements.

      Lightrock partner Umur Hursever, who has served as a non-executive director at Satispay since 2021, expressed pride in continuing to support the company. Lightrock originally invested during Satispay's Series C round and has been involved in every funding round since.

      If this round concludes as intended, it would bring Satispay’s total funding to over €560 million. This raise coincides with a period of renewed investor confidence in European fintech unicorns, with significant funding rounds occurring across the continent in early 2026.

      As Satispay transitions from a payments-only model to a more comprehensive financial platform, it will compete directly with companies like Revolut and N26, which already offer trading and investment products. The ability of Satispay to establish a unique position, particularly in southern Europe, will hinge on how swiftly it can scale its new financial offerings while navigating a fintech landscape poised for consolidation.