Milan, Italy-based mobile/digital payment platform Satispay has secured €93 million euros in funding in a Series C round co-led by Tencent, Square, Telecom Italia’s TIM Ventures, LGT Lightstone and other investors. Square, the payments company run by Jack Dorsey, has reportedly invested about €15 million in the round.

After the investment round, the post-money valuation for Satispay is €248 million, the company said.

The payments company boasts 1.3 million users and 130,000 merchants today. In the first 10 months of this year, Satispay says it clocked €400 million in transaction volume, +78% compared to 2019.

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