Satispay launches up to €120 million capital increase to fund push into pensions, stock trading and M&A

Satispay, the Italian payments platform, is moving to raise fresh capital to accelerate its transformation into a full-scale financial services provider. Momentum S.p.A., the group’s holding company, has convened a shareholder meeting for 29 June to vote on a rights issue of up to €120 million.

“We believe that investing should be within everyone's reach, with the same ease as managing money in daily life. We want to simplify access to pension funds and open the possibility to buy stocks and ETFs directly in the app.”

The capital raise and existing backers

About half of the potential €120 million round is already committed by existing investors Greyhound Capital, Addition and Lightrock, confirming the company’s valuation above €1 billion. The remaining €60 million could be used for mergers and acquisitions (M&A), with the company having already hired a dedicated M&A head to explore opportunities. The move comes amid robust growth: annualised recurring revenue (ARR) hit €116 million at the end of May, an 80% year-on-year increase over the last two quarters.

New services and the push into wealth management

Satispay has been broadening its product suite well beyond payments. In 2023 it added corporate welfare services and introduced a remunerated savings jar and investment funds. It now plans to offer pension plans directly in the app in the coming months, along with stocks and ETF trading. Over 43,000 businesses already use its welfare products, serving more than 400,000 employees, and the annualised volume of welfare transactions jumped 250% year-on-year to €420 million, with a year-end target of €700 million.

Welfare and the B2B engine

The welfare business has become a central growth driver. CEO Alberto Dalmasso indicated the company is eyeing startups in the complementary pension space, looking to harness a trend that could be extended directly to consumers. "There are many startups in the world of complementary pensions, and this is an area we've been studying," Dalmasso said.

Investor confidence and path to profitability

Greyhound Capital partner Ines Verschueren reinforced the long-term faith:

“We have been supporting Satispay since 2018, and our conviction has only strengthened over time as the company has evolved from an elegant way to manage money to a genuine three-player network (consumers, merchants and businesses) where each element enhances the value of the others. Italy is the world’s eighth-largest economy and remains surprisingly under-digitised: that’s precisely why a national champion can achieve global-scale results here.”

Satispay expects to reach break-even by the end of 2027, with a potential IPO pencilled in after reaching €1 billion in revenue.

The company counts 6.5 million users, up one million from a year ago, and more than 450,000 merchant partners. Its investment products now serve over 500,000 users with more than €140 million in assets under management.