Italian fintech unicorn Satispay reportedly plans €120M raise to push into stock trading

Satispay, the Milan-based mobile payments company that became Italy’s second unicorn in 2022, is reportedly planning to raise up to €120 million ($139 million) in fresh funding. The round would fuel the fintech’s expansion beyond payments into stock and ETF trading, savings, investments, and pensions.

Existing investors are set to vote on the round on 29 June, according to reports. Backers including Lee Fixel’s Addition, Lightrock LLP, and Greyhound Capital have reportedly committed roughly half of the target amount.

Founded in 2013 by Alberto Dalmasso, Dario Brignone, and Samuele Pinta, Satispay built its name as an independent mobile payment network. It now reportedly counts 6.5 million users and 450,000 merchants.

Those figures mark significant growth from the 5 million users and 380,000 merchants the company reported in late 2024, a trajectory shared by other European fintech unicorns scaling at pace.

The company hit unicorn status in September 2022 after closing a €320 million Series D round at a valuation north of €1 billion. Addition led that raise, with participation from Greyhound Capital, Coatue, Lightrock, Block Inc., Tencent, and Mediolanum Gestione Fondi SGR.

Satispay followed up with a €60 million round in November 2024, spearheaded by Addition, Greyhound, and Lightrock. At the time, CEO Alberto Dalmasso outlined plans to launch investment services for consumers, with a rollout targeted for 2025.

That timeline appears to have materialised. In 2026, Satispay launched three investment funds in partnership with Invesco, one of the world’s largest independent asset managers.

The move into stock trading infrastructure mirrors a broader trend among European fintechs expanding from core payments into wealth management. Satispay’s new €120 million raise would accelerate that shift considerably.

The company also debuted a buy now, pay later service in November 2025, adding three-instalment payments to its consumer offering. It has been steadily pushing into new European markets alongside its Italian home base, with operations in France and Luxembourg.

Satispay reportedly posted €670 million in total deposits by the end of May and is generating annualised revenue of more than €116 million. Those figures would represent a sharp jump from the €45 million in net revenue it projected for the end of 2024.

The planned raise would also give Satispay acquisition flexibility, according to reports. The Italian welfare benefits space, where Satispay expanded into corporate meal vouchers and fringe benefits, has reportedly reduced the company’s capital requirements.

Lightrock partner Umur Hursever, who has served as a non-executive director at Satispay since 2021, said the firm is “proud to keep doing so” in backing the company. Lightrock first invested in Satispay during its Series C round and has participated in every subsequent raise.

If the round closes as planned, it would bring Satispay’s total funding past €560 million. The raise comes at a time when European fintech unicorns are attracting renewed investor confidence, with several major rounds closing across the continent in early 2026.

Satispay’s pivot from pure payments to a broader financial platform places it in direct competition with the likes of Revolut and N26, both of which already offer trading and investment products. Whether Satispay can carve out a distinct position, particularly in southern Europe, will depend on how quickly it can scale its new financial products while navigating a fintech market bracing for consolidation.