MatiPay

MatiPay operates as a fintech subsidiary of the Angel Group, an Italian industrial holding company. Founded in 2016 by Matteo Pertosa, a third-generation entrepreneur with a background in electronic engineering and experience across payments, mobility, and digital technology, the company aims to digitize the retail and automated retail sectors. Pertosa, who also serves as CEO, has been recognized with multiple CES Innovation Awards for his work.

The company develops and produces in-house hardware and software to transform automated points of sale, like vending machines, into smart, connected devices. Its core product is a comprehensive system that includes a mobile application for consumers and a telemetry backend for operators. For consumers, the MatiPay app provides a virtual wallet that can be topped up with cash at the machine or digitally via credit cards and PayPal. This wallet facilitates purchases, money transfers between users, and engagement with a loyalty program. A key feature is the ability for consumers to use cash to purchase digital goods, such as transport tickets or online gift cards, directly through the vending machine interface.

For business clients, primarily vending machine operators, MatiPay offers a robust telemetry and business intelligence platform. This system provides real-time sales data, remote monitoring of machine performance, and alerts for malfunctions. Operators can remotely manage pricing, update configurations, and launch targeted marketing campaigns to users through the app, offering promotions based on purchasing habits. The business model generates revenue by providing these integrated payment and management solutions to operators. In 2019, the company secured a Series A funding round led by Intesa Sanpaolo's corporate venture capital arm to fuel its international expansion. A significant milestone was the acquisition of Enginko, a company specializing in payment systems, in January 2025, aimed at integrating products and expertise to enhance their market offerings.

Keywords: mobile payments, vending machine payments, telemetry, IoT, fintech, retail technology, cashless solutions, digital wallet, point of sale, business intelligence, remote machine management, phygital, consumer engagement, loyalty programs, smart retail, automated retail, Matteo Pertosa, Angel Group, unattended payments, digital transformation