FOUNDING YEAR: 2013LOCATION:ItalyREGION:LombardiaLast Update:16 Mar, 2020Company priority:Look out for our new announcement...
Satispay is a payment network firm. It offers a smartphone application that can be used for peer to peer money transfer, in-store and online purchases and nonprofit donations through a cross-platform mobile app.
Satispay is a mobile payment system completely independent from banks and debit/credit card networks. Now available in all the Italian Market, soon in the rest of Europe. Satispay works with any bank or mobile operator so that everyone can: • exchange money with their friends, • pay in affiliated stores (both physical and online) All types of businesses are able to accept payments made through our application: • without the need to acquire a POS • without service activation costs • without monthly fees. Thanks to it's independency Satispay is able to offer it's service without any costs for all the consumers. Merchants do not have any fees to accept payments below 10 €, and a fixed fee of only 0,20 € for each payment with an amount greater than 10 €.
PRODUCTS & SERVICES:Satispay app for peer to peer money transfer, retail purchase services. It is simple and smart way to exchange money on mobile app.
REVENUE MODEL:Viewable by subscribers only
MAIN CLIENTS:Online Retail Consumers
EXISTING PARTNERSHIPS:Partnered with NTT data.
COMMENTThe independent payment network allows users to set their weekly budgets and spend accordingly.
PRODUCTS & SERVICES:A new payment network that allows people to send money from a smartphone application that is both simple and secure. Independent from any specific bank or credit/debit card circuits, Satispay is able to provide the service while lowering the high commissions that are typical of the electronic payment sector. It is thus the first instrument that is usable for everyday payments: from transfers between friends to buying a coffee to online purchases.
REVENUE MODEL:Viewable by subscribers only
TOP PROBLEM SOLVED:In order to increase security and reduce costs, the company eliminated credit cards, and invented a new system that links the app to the customer’s bank account using the IBAN code. The once complex and costly payment process has thus been transformed by a unique app.
PRODUCT DEVELOPMENT STAGEV2.0 or BEYOND
PRODUCT DEVELOPMENT COMMENTViewable by subscribers only
KEY DIFFERENTIATORSViewable by subscribers only
PRIMARY CUSTOMER TYPEViewable by subscribers only
STRATEGIC CLIENTS AND PARTNERSHIPViewable by subscribers only Viewable by subscribers only
FOUNDERS:Alberto Dalmasso, , Samuele Pinta
Board Members and Advisors:Carlo Gelfo, Fabio Zoffi, Giuseppe Donagemma, Jon Koplin, Marco Taricco, Mirco Fiumene
NUMBER OF EMPLOYEES:51-200
INVESTORS:Iccrea Banca, Banca Popolare Etica, Banca Sella Holding, Shark Bites, 3LB Seed Capital, U-Start, Boost Heroes
KEY EMPLOYEES:Dario Brignone(CEO); Samuele Pinta(COO)
FOUNDERS:Alberto Dalmasso, Dario Brignone, Samuele Pinta
NUMBER OF EMPLOYEES:11-50
CEO: Alberto Dalmasso
CTO: Dario Brignone
COO: Samuele Pinta
Head of Sales and Business Development: Andrea Allara
BOARD MEMBERS:Giuseppe Donagemma
VALUATION / MARKET CAP:$117.02 MM in 2018
ACTIVE USERS:340000 Million in 2018
COMMENT:The company has reached over 600,000 downloads and has more than 340,000 active users. (Jul. 2018)
ANNUAL REVENUE:€$100k - $499 in 2016
NUMBER OF TRANSACTIONS:200
TRANSACTIONS VALUE:€5 Millions
ACTIVE USERS/ACCOUNTS:90 K
ACTIVE USERS COMMENT:On average an active consumer performs 6 transaction per month and has a 60 retention over the first 12 month after the first transaction.
LIVE USERS/TRANSACTIONS:Viewable by subscribers only
How will you grow the number of users/accounts/transactions?Member get Member & Promotions in partnership with our active merchants.
CHANNEL STATUSViewable by subscribers only
NUMBER OF CLIENTS OR PAYING CUSTOMERS:Viewable by subscribers only
TOTAL FUNDING:$62.02 Millions
DATE OF LAST FUNDING:Jul 2018
SEED & PRIOR FUNDING:$1.1 Millions
SEED CLOSED ON:Jul 2014
$9.85 Millions Closed: Sep 2015
$39.37 Millions Closed: Jul 2018
$11.7 Millions Closed: Jul 2018
DEBT FUNDING:$820 K
FUNDING COMPLETED:Viewable by subscribers only
TOTAL FUNDING:$8.5 Millions
LISTED:Viewable by subscribers only
Comment on Series AViewable by subscribers only