RoxPay Closes a €500,000 Capital Increase: Selected Investments and Open Holding Join
RoxPay has closed a €500,000 capital increase, the largest transaction in the company's history since it was founded in 2020. Two structured players are now in the share capital: Selected Investments S.p.A., the Tuscan holding company specialised in innovative, high-technology businesses, which significantly increases the stake it subscribed earlier in the year, and Open Holding S.r.l., the Rome-based holding company behind Openapi S.p.A., one of Italy's leading providers of business data via API. Authorised share capital rises to €415,000 and the shareholder base widens to 13 members: a composition that is public, filed with the Italian Business Register and verifiable in the Chamber of Commerce extract.
The Transaction in Numbers
The capital increase brings €500,000 of fresh resources into RoxPay, earmarked for the Bank of Italy authorisation process, technology development, and commercial expansion across Europe.
Share capital: €415,000 authorised, divided into 41,500,000 shares with a nominal value of €0.01 each. As at the last shareholder list filing (8 July 2026), €387,153.08 was subscribed and fully paid up.
Shareholder base: 13 shareholders, with founder and CEO Tomaas Vento Starrantino retaining control at 56.435% of the capital.
New entries and increases: Selected Investments S.p.A. rises to 9.596%, becoming the third largest shareholder; Open Holding S.r.l. joins with 4.932% as the fifth largest.
Verifiability: the full breakdown of stakes is published on the investors page, together with the current Chamber of Commerce extract and the financial statements filed from 2021 to 2025.
Selected Investments Increases Its Position
Selected Investments S.p.A. had already entered RoxPay's share capital in the first half of 2026. With this round the Florence-based holding company, which has its own fully paid-up share capital of €2,472,900, increases its stake to 9.596%.
Selected Investments invests primarily in innovative, high-technology businesses with significant growth potential, taking equity positions with a long-term horizon and operating mainly at seed and early stage. Beyond capital, it provides portfolio companies with strategic support in corporate finance, M&A, IPO preparation, and other extraordinary transactions.
The increase is itself the most meaningful signal: an investor who raises its exposure after several months of watching the company from the inside is expressing a judgement on execution quality, not only on market prospects. The background to the relationship is covered in our article on Selected Investments joining RoxPay.
Open Holding: An Industrial Shareholder Comes On Board
Open Holding S.r.l. is the Rome-based holding company behind Openapi S.p.A., which distributes company data, verifications, and document services via API to thousands of Italian businesses and professionals, with ISO 9001, ISO 27001, and ISO 25012 data-quality certifications.
This is therefore an industrial shareholder, not merely a financial one: a group that has spent years working on B2B digital infrastructure, with first-hand knowledge of the market in which RoxPay builds its services. Access to company data is central to every payment provider's onboarding flow: verifying that a business exists, its ownership structure, its ultimate beneficial owners, and anti-money-laundering checks.
For RoxPay, Open Holding brings capital but also expertise on one specific link in the chain — the quality and automation of business data — which directly affects merchant activation times and the robustness of compliance controls.
What the Round Funds
The proceeds are allocated across four fronts, consistent with the 2026 business plan.
Authorisation process: the application for a payment institution licence was filed with the Bank of Italy in November 2024. A process of this kind requires capital, organisational safeguards, and an internal control structure: the capital increase primarily supports these requirements.
Technology: consolidating the online gateway with PCI DSS tokenisation, developing the Android POS app on latest-generation terminals, and broadening open banking services, from account-to-account payments to real-time balance analysis.
Commercial expansion: growing the merchant base in Italy and in the European markets already served, and widening the network of partner acquiring banks.
Structure and people: strengthening the team, which counted 8 employees as at 31 March 2026, with a focus on engineering, compliance, and merchant support.
Governance Built to Scale
The transaction follows a deliberate strengthening of the corporate structure that is far from trivial for a company born as an innovative startup.
Legal form: RoxPay now operates as a joint-stock company (S.p.A.), with a three-member Board of Directors chaired by Giovanni Francioni and Tomaas Vento Starrantino as Chief Executive Officer.
Control bodies: in 2026 the board of statutory auditors was appointed (three standing and two alternate auditors) and the statutory audit engagement was awarded, all to professionals registered with the Italian Ministry of Economy and Finance auditors' register.
Certifications: in June 2026 the company obtained ISO/IEC 27001 for information security and ISO 9001 for quality management systems, adding to PCI DSS compliance and OAM registration.
Transparency: financial statements are filed and freely downloadable, 2025 revenue closed at €430,791 with growth of +1,150% over 2021, and the ownership structure is published in full. This is a deliberate choice: anyone assessing an investment should be able to verify the numbers at source rather than trust a slide deck.
Frequently Asked Questions
How much did RoxPay raise in this capital increase?
The transaction brought €500,000 into the company. Authorised share capital stands at €415,000, divided into 41,500,000 shares with a nominal value of €0.01 each.
Who are RoxPay's new shareholders?
Selected Investments S.p.A., a holding company headquartered in Florence, increased its stake to 9.596%. Open Holding S.r.l., the Rome-based holding company behind Openapi S.p.A., joined with 4.932%.
Where can I verify RoxPay's shareholder structure?
The full list of shareholders with stakes and percentages is published on the RoxPay investors page, where the current Chamber of Commerce extract from the Italian Business Register can also be downloaded. The same data is available from the Arezzo-Siena Chamber of Commerce.
Is the investment round still open?
Yes. RoxPay is evaluating new investors: you can book a direct meeting with the founding team from the RoxPay investors page, where the business plan and filed financial statements are also available.
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