News

February 23, 2022

Italy gets its first unicorn as Scalapay raises $497m from Tencent

Scalapay lured in an all-star group of foreign investors, with China’s Tencent and New York’s Willoughby Capital leading the round


Amy O'Brien

4 min read

It’s a big day for Italy today, as payments platform Scalapay’s $497m Series B gives the country its first unicorn since the dotcom boom. 

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Amy O'Brien

Amy O'Brien is a freelance reporter covering Italian tech. She was previously Sifted's fintech reporter

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