Italian fintech Satispay is raising up to €120 million to launch stock and ETF trading, pension products, and expanded welfare services.

The raise is backed by returning investors, Addition, Greyhound Capital, and Lightrock, who have committed roughly half of the funds; Satispay’s valuation remains above €1 billion.

Satispay has 6.5 million users, 450,000 merchant partners, and annualised revenue of €116 million, up 80% year-on-year.

Alberto Dalmasso co-founded Satispay in 2013 with a simple idea: build a payments network that did not touch Visa or Mastercard. Eleven years later, the company has 6.5 million users, 450,000 merchant partners, and a corporate welfare business that did not exist three years ago.

Now it wants to add something harder — getting Italians to invest. Today, Satispay announced plans to raise up to €120 million to fund the next phase: stocks, exchange-traded funds, and pension products, all inside the same app its users already open to pay for lunch.