Bitcoin Startup SatoshiPay Nets €640k in New Funding

Bitcoin micropayments startup SatoshiPay has secured nearly $700k in new capital as part of a broader fundraising effort.

AccessTimeIconJan 17, 2017 at 4:41 p.m. UTC
Updated Sep 11, 2021 at 1:00 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

Bitcoin micropayments startup SatoshiPay has secured nearly $700k in new capital as part of a broader fundraising effort.

Blue Star Capital announced this week that it was investing €640k (roughly $684k) in the startup. SatoshiPay develops content monetization tools for processing tiny transactions denominated in bitcoin.

According to statements from Blue Star, SatoshiPay is in the midst of completing a €1m funding round that, if successful, will value the startup at a reported €6m. The startup later said it expects to close the round this week.

The funding comes more than a year after the firm raised €160k, and months after it unveiled a new micropayments project with Visa Europe that connected the card issuer’s infrastructure with a SatoshiPay wallet.

Blue Star’s portfolio, according to materials published in November, is largely focused on digital media and services, including a biometrics-oriented payments startup called Sthaler.

"We are delighted to be investing in SatoshiPay at this exciting stage in its development. We believe the market opportunity for SatoshiPay is potentially vast and we look forward to working with SatoshiPay's management to help maximise this opportunity," Tony Fabrizi, Blue Star CEO, said in a statement.

SatoshiPay did not immediately respond to a request for comment.

Image via Shutterstock


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.