SatoshiPay
Login-free, 1-click nanopayments.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor | €0.0 | round |
| investor | €0.0 Valuation: €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
| investor | €0.0 | round | |
* | N/A | Buyout | |
| Total Funding | 000k | ||
| EUR | 2018 | 2019 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 52 % | - | - | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | - | (211 %) | - | - | - |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Related Content
SatoshiPay, established in 2014, operates as a fintech entity specializing in blockchain-powered payment solutions. The company was co-founded by Meinhard Benn, Kilian Thalhammer, Henning Peters, Nicolas Steiner, and Alexander Wilke. Benn, who began programming at age 12 and became involved with blockchain in 2011, initially led the company as CEO and now serves as Chairman of the Board, focusing on long-term strategy. Alexander Wilke, who joined in 2016 as COO, has since taken over the role of CEO.
The firm's primary objective is to facilitate global, instant payments, initially focusing on micropayments for digital content. This model allows content providers to monetize individual articles, videos, or music on a pay-per-use basis, offering an alternative to traditional paywalls and subscriptions. The business operates a B2B model where it legally purchases content from publishers in real-time with cryptocurrency and then sells it to the consumer. This structure, which functions as a closed-loop payment system, also manages VAT complexities for global transactions automatically.
SatoshiPay has evolved its technological foundation over the years. Originally utilizing the Bitcoin blockchain, the company transitioned to the Stellar network in late 2017 to counter rising transaction fees and now leverages the Polkadot ecosystem. A significant portion of its recent development is centered on Vortex, a decentralized exchange platform incubated by SatoshiPay. Vortex is engineered to bridge stablecoins with local fiat currencies, enhancing the infrastructure for decentralized foreign exchange (FX) and enabling low-cost, cross-border payments. The platform supports integrations with multiple blockchain networks and wallets like MetaMask.
The company's growth has been supported by various funding rounds and strategic partnerships. Key investors include Blue Star Capital, which holds an approximate 50% stake, Börsenmedien AG, and the Stellar Development Foundation. SatoshiPay has also received grants from The Web3 Foundation to advance the development of Vortex and its integration with the Polkadot ecosystem, with recent milestones including the product's launch in Brazil and the development of a Polkadot off-ramp for USDC-to-fiat swaps.
Keywords: cross-border payments, micropayments, blockchain solutions, fintech, decentralized finance, stablecoin, digital treasury, Polkadot ecosystem, B2B payments, forex infrastructure