Italian fintech platform Satispay has announced the inclusion of specialized business insurance in its Business Premium subscription service through a partnership with REVO Insurance, aiming to protect SMEs and help them comply with new regulatory requirements.
The Satispay Business Premium subscription service is an ecosystem designed to grow merchants’ businesses, and insurance policies are now a prominent feature of the Pro and Advanced plans.
Satispay has partnered with REVO Insurance to purchase collective catastrophe insurance for its participating merchant network, covering events such as earthquakes, floods, landslides and floods.
The move aims to make it easier for small and medium-sized enterprises to comply with the new requirements imposed by the 2024 Budget Law, providing simple and immediate solutions.
The policy, designed by REVO Insurance, is suitable for businesses with a single operating location and annual revenue of less than €5 million. It is included free of charge with the Business Premium subscription offer, available in Pro and Advanced plans, and takes effect upon activation.
The policy includes parameter guarantees that allow for the automatic payment of a financial compensation of €5,000 in the event of predefined target parameters, providing businesses with immediate cost assistance.
On the customer acquisition side, the offer guarantees targeted visibility through prioritized placement of sponsorship banners in the app and monthly campaigns, reaching up to 1,000 new potential customers locally. These initiatives are complemented by loyalty incentives such as the option to activate standard Satispay points collection multipliers (up to 30x).
The effectiveness of the Premium ecosystem is already demonstrated in pre-release results: for the 1,000 registered merchants, these tools increased the average receipt value of enterprise business by up to 8% and transaction volume by up to 6%. The service also includes a dedicated customer support and tipping service (currently in testing) that allows tips to be digitized to increase employee loyalty and remove friction at the checkout.
Alberto Dalmasso, co-founder and CEO of Satispay, commented: “With compulsory insurance looming, we know that small businesses will face unexpected costs and complex bureaucracies. That’s why we decided to take out a group catastrophe insurance policy with REVO and include it free of charge in our Business Premium Plus and Advanced subscription plans. Being able to offer such a service is currently more than 450,000 The result is trust in the enterprise network. This scale allows us to build strategic alliances and for us, being a partner to enterprise means exactly that, and we have launched the Enterprise Premium program, which combines SME business protection under policy with actionable and measurable sales tools.”
Alberto Minali, CEO of REVO, added: “The partnership with Satispay, one of Italy’s leading fintech platforms, stems from a shared vision: to integrate insurance coverage into the digital ecosystem used daily by hundreds of thousands of merchants, making protection easier to access and expanding its widespread use. Through this collaboration, which currently covers catastrophe coverage and may be expanded to other products, we aim to make insurance protection more accessible, practical and direct for businesses.”