• Satispay

  Participated · Equity · Sep 2017

  Satispay began as an independent payment system and network and has since shifted strategically toward the model of online banks, signing an agreement with Mastercard to issue cards to its customers. The company offers the "Paga in 3" BNPL service, which allows consumers to pay purchases in three interest-free instalments, and recently expanded investment options by introducing ETFs. It revised payment fees to waive charges for transactions under €10 and reports strong initial uptake of the "Paga in 3" product from its community. Management emphasized the service's potential both online and in high-street retail, and framed the recent securitisation as a way to grow the product sustainably. Satispay's strategic moves aim to consolidate the business and access scalable funding structures through partnerships with traditional banks.

• Growish

  Participated · Equity · May 2017

  Growish operates a digital group payments platform powering online collections, wedding lists and group gifts across Growish.com and ListaNozzeOnline.com. Its platform has processed over €3m in transactions from more than 30,000 users and is integrated via partnerships with LastMinute.com, Uvet Travel Network and FantaCalcio-online.it. The company also powers an e-wallet platform based on its wedding-list management for over 1,000 travel agencies. Growish was co-founded in 2014 by Claudio Cubito (CEO), Domingo Sarmiento Lupo (CTO) and Digital Magics; the team includes developers and marketing and partnerships staff. The company plans to use new funds to continue growing in Italy, to launch abroad and to expand its offering into travel, retail, e-commerce, banking, the sharing economy, community and donation sectors. Growish is a Milan-based startup that provides a collective payment platform for family, friends and colleagues to raise money and acquire gifts online. Users can create campaigns, share them via email and social networks, and either transfer collected amounts to a bank account or purchase giftcards/giftboxes from partner brands including Alitalia, Amazon, Zalando, Decathlon and others. The company was founded by CEO Claudio Cubito and CTO Domingo Sarmiento Lupo, who increased their personal investment in this round. Growish is incubated within Digital Magics (Borsa Italiana: DM), which will own a 43% stake following the close of the round. The startup raised €500K in funding from angel backers and plans to use the proceeds to expand marketing, grow in Italy through partnerships and develop its mobile app. The company is hiring two developers and a digital marketing specialist to support product and growth efforts.

• SardexPay

  Participated · Equity · Apr 2016

  Sardex operates a commercial credit platform that uses online accounts and a digital local currency to let professionals and companies finance themselves reciprocally. The system converts unexpressed productive capacity into liquidity to cover recurring costs and fund investments. It offers credit and payments tools and value-added promotion services that complement traditional banking. The model began in Sardinia and has been replicated across multiple Italian regions. As of 2015 the network counted more than 3,000 participating companies generating over €50m in transactions. The company plans to expand operations nationwide and launch in additional regions including Umbria and Veneto.

• Agata

  Participated · Equity · Dec 2015

  Agata S.p.A. owns Prestiamoci, an Italian peer-to-peer lending platform. The company intends to use the €2m to enhance its team and platform and to grow operations in the Italian market. Led by Daniele Loro, Prestiamoci was sold to TrustBuddy International AB in November 2014 for approximately €5.3m, but that acquisition was interrupted in June 2015 and TrustBuddy declared bankruptcy in October 2015. The investment was made as part of Prestiamoci’s relaunch and growth plans. Agata-owned PituPay received a licence as a Payment Institute from Banca d'Italia to manage financial flows without support from external banks and credit institutions.

No current team members are available.