Turkey’s Sipay raises $78M to expand its Stripe-like services into emerging markets

Shipping himself as a “strip for developing markets”, Turkish Fintech Support A $ 78 million B Financial round increased in a $ 78 million assessment in the process.

This tour is important Support It plans to expand the markets outside of Turkey, currently offers additional services such as money transfers that do not offer a strip in these regions.

The whole capital tour was based on majority in the United States Elephant vcBy participating from the Revolutt co-founder Nick Storonsky’s VC company, Quantum.

2019-cu ildə qurulan Sipay, rəqəmsal cüzdan, investisiya və sədaqət sxemlərini idarə etmək üçün bir-in-in-in-in-in-in-in-in-in-in-in-in-in-in-in-in-indeştirilmiş maliyyə, FX əməliyyatları və digər məhsullar təklif edir. Turkish banks and Turkey are working with partners including visas and MasterCard, including Trendyol. It has a 6.3 million wallet user and a 25,000 registered merchant.

Sipay claims to be profitable since 2023 and revenues increased in 5x years. The company says it ends with a $ 600 million earnings last year.

“Stripe sorts a single problem, but there is a fintech fintech solution in each other in our markets,” Nazih Sipahioglu, Sipay’s founder and global CEO Nezih Sipahioglu, “said. “So we have different products.”

“Our services are working as a white label similar to the Solaris bank in England, so any Fintech, who wants to give their cards or wallets, can do it over us.

He added that the start, an increase in a financial round financial round, which is a financial round, which is a financially round, which has been led by AFFA, in June 2024.

“As the markets are more globalized, the Sipay will help international growth and trade, as aimed at paying for payment solutions on the border,” Peter Fallon, Peter Fallon, head partner.