# MatiPay

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/matipay

- Industry: Financial Services
- Headquarters: Bari, Italy
- Website: www.matipay.com
- Total disclosed funding: $7.7M
- Latest round: Series A (Oct 9, 2019)
- Investors on record: 1

## About

MatiPay specializes in digital management solutions for automated retail sectors, enhancing operational efficiency and user experience through technology-driven services for vending machines, laundry, car washes, and smart retail applications.Founded by Matteo Pertosa, MatiPay is located in Bari, Italy. The company offers digital management solutions for unmanned machines and has raised a total of EUR 7.00 mn in funding, with the latest round being a Series A investment of EUR 7.00 mn led by Neva on October 9, 2019.MatiPay offers a comprehensive digital management solution designed for the automated retail sector, focusing primarily on vending machines, laundry services, car washes, and smart retail applications. Their core product suite includes a telemetry module for real-time monitoring and management of unmanned machines, allowing operators to adjust pricing, track sales, and receive alerts for malfunctions. Complementing this is a payment module that facilitates fast and secure transactions via an app and NFC devices, enabling customers to pay with cash, credit cards, or PayPal. The company's technology enhances user experience and operational efficiency for clients across various industries, particularly in Europe.In 2023, MatiPay generated revenue of EUR 6,459,657.20 with an EBITDA of EUR 2,698,393.90. The company's revenue model relies on subscription fees from clients connecting their machines to the MatiPay management platform, while specific pricing varies based on deployment volume and type.MatiPay plans to leverage its recent funding of EUR 7.00 mn from the Series A round in October 2019 to support the development of new products aimed at enhancing their digital management solutions. The company is also looking to expand into additional European markets by 2025, focusing on regions that demonstrate high demand for automated retail solutions. As part of this strategy, MatiPay aims to enhance its offerings by integrating advanced features into its telemetry and payment modules, thereby continuing to build on its existing client base.

## Funding rounds

- Series A, Oct 9, 2019, $7.7M — Neva

## Investors

- Neva (https://capitalatlas.ai/funds/neva) — Series A