MatiPay

Fintech company, providing payment and telemetry solution for unattended retail industry

General Information
Company Name
MatiPay
Founded Year
2019
Location (Offices)
Italy +1
Founders / Decision Makers
Number of Employees
19
Industries
Fintech, Information Technology, IoT
Funding Stage
Series A
Social Media

MatiPay - Company Profile

MatiPay is a fintech company specializing in providing payment and telemetry solutions for the unattended retail industry. In 2019, MatiPay received the CES Innovation Award at the Consumer Electronics Show in Las Vegas, highlighting its prowess in the payment platforms category. This recognition caught the attention of Intesa Sanpaolo, which decided to support MatiPay's international growth with a minority stake. As of now, MatiPay operates in Italy and 10 other European countries with a network of over 59,000 connected sales points and a community of 800,000+ consumers. MatiPay's flagship product is an innovative mobile payment and telemetry system that transforms the automated, manned, or unmanned points of sale into connected and smart ones, elevating the payment experience for consumers. The MatiPay app enables users to make purchases effortlessly using a virtual wallet that can be recharged via various methods including credit cards, PayPal, cash, or NFC contactless devices. Additionally, the app facilitates money transfers between friends, rewards loyal consumers through a loyalty program, and provides a platform for feedback. On the operational front, the telemetry system offers real-time sales data from each point of sale, enabling remote marketing campaigns, performance monitoring, and proactive malfunction prevention and resolution. The recent €7.00M Series A investment received by MatiPay from Neva SGR on 09 October 2019 underscores the confidence of investors in the company's potential. This investment will likely bolster MatiPay's expansion efforts and contribute to further technological advancements. With an emphasis on innovation, cooperation, and commitment, MatiPay continues to refine its technologies to deliver a seamless retail experience, emphasizing reliability and engagement. This signifies promising prospects for MatiPay in the domain of unattended retail.

Taxonomy: Payment solution, Telemetry system, Mobile payment, Retail technology, IoT (Internet of Things), Digital transformation, Cashless payments, Vending machines, Mobile app development, Software development, Digitalization, Innovation, Consumer electronics, Startup

Funding Rounds & Investors of MatiPay (1)

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Funding Stage Amount No. Investors Investors Date
Series A €7.00M 1 09 Oct 2019

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