Payment network company Satispay completed a $305 million financing round with an estimated valuation of about $1 billion, with participation from Tencent and others

According to Chain Catcher news and a report by Techcrunch, the payment network company Satispay, headquartered in Milan, Italy, has completed a Series D funding round of €320 million (approximately $305 million) at a valuation of €1 billion (about $955 million), led by Addition, with participation from Greyhound Capital, Coatue, Lightrock, Block, Tencent, and Mediolanum Gestione Fondi SGR.

It is reported that this round of financing will be used to expand Satispay's product portfolio and for global expansion. Satispay's business includes peer-to-peer payments, pay-as-you-go services, and will support cryptocurrency payments. (Source link)