Italy-based Satispay S.P.A. has raised €93 million in its series C funding round, taking its post-money value to €248 million.

The funding round was co-led by LGT Lightstone, TIM Ventures, Tencent Holdings Ltd. and Square Inc. the company said in a series of tweets.

U.S.-based Square invested roughly €15 million for a minority stake in the digital payment platform, Bloomberg News reported Nov. 19, citing people familiar with the matter. Satispay was advised by Jefferies and Clearly Gottlieb Steen & Hamilton on the deal.

Satispay said the funds will be used to help the company consolidate its position in Italy. It also plans to expand to other cities in Germany, where it has been available in Berlin since May.