Satispay, the innovative Italian fintech company that has revolutionised the mobile payment sector, has closed its Series C funding round worth a total of around Euro 93 million. The deal, announced on 19 November, involves the entry into Satispay's capital of significant players in the start-up world such as TIM Ventures, TIM's corporate venture capital, assisted by CMS, Square, a leading American fintech led by Jack Dorsey (also founder and CEO of Twitter), Tencent, one of the world's largest internet companies, and Lgt Lightstone, the growth equity impact investing arm of Lgt Capital Partners, the world's largest family-owned private banking and asset management group.
The partner Massimo Trentino and counsel Giulio Poggioli assisted Tim and TIM Ventures, the lead investor in the transaction.
The closing of the transaction, expected by the end of the year, remains subject to regulatory reviews by the relevant authorities.
