Italy’s Satispay raises €320M at a €1B+ valuation with backing from Block, Tencent and more for its indy payment network

More signs that the economy is slowing down in Europe, and that costs are going up, are driving merchants and consumers to look for less expensive ways to carry out their everyday business. Today, a startup out of Italy called Satispay — which operates an independent payment network that bypasses big banks and credit companies and promises lower transactions fees plus other benefits like better budget control to its users — is picking up a massive round of funding on the back of strong demand for its services.
The Milan-based startup — which currently has 3,000,000 consumers

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