Following this announcement, the initiative represents an important step into Satispay’s strategy of development, as the company will further strengthen its partnerships and accelerate the value generated for all its shareholders, employees, and end-users. The company will also leverage the new funds in order to develop and launch new services.
In addition, Satispay is set to continue to focus on meeting the needs, preferences, and demands of clients and users in an ever-evolving market, while prioritising the process of remaining compliant with the regulatory requirements and laws of the industry as well. The funding round saw the support of the company’s three main investors, Addition, Greyhound, and Lightrock.
Satispay represents a super app for mobile payments that was developed in order to provide an alternative to credit and debit cards. The company enables its clients to pay securely and efficiently both in physical and online stores, as well as exchange money for free with friends to enjoy other features and services. These include meal vouchers, gift vouchers, mobile top-ups, bill payments, pagoPA bills, car taxes, donations, savings, or gift cards.
The funding round follows a period of sustained acceleration, and it is expected to equip Satispay with the resources to compete and establish itself in a competitive market. At the same time, the investment is set to add an existing cash reserve, a process that will allow the company to sustain strong development, as well as to evaluate acquisitions if attractive opportunities arise.
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