In what’s turning out to be the week of the Italians, Milan-based mobile payment network Satispay has announced the raise of €320 million in a Series D round, at a valuation north of €1 billion. The round was led by former Tiger Global Partner Lee Fixel’s fund, Addition, and saw the participation of existing investors Greyhound Capital, Coatue, Lightrock, Block Inc., Tencent, and Mediolanum Gestione Fondi SGR.

Satispay’s new capital will be used to further fuel the company’s home market growth as well as shift international expansion plans into high gear. To date, the startup has raised approximately €488 million. “In the last two years, we have experienced exceptional growth, more than doubling our customer base and launching in three new markets. We have also been able to bring in a lot of additional talent to our teams, helping us transform Satispay into a bigger, more structured competitive reality.” commented Satispay CEO and co-founder Alberto Dalmasso.