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

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Billing itself as “Stripe for emerging markets,” Turkish Fintech Sipay has raised a $78 million Series B funding round, claiming a valuation of $875 million in the process.

This round is significant, as Sipay plans to expand into markets outside of Turkey, offering additional services like remittances that Stripe currently does not offer in those regions.

The all-equity round was led by U.S.-based Elephant VC, with participation from Revolut co-founder Nik Storonsky’s VC firm, QuantumLight.

Founded in 2019, Sipay operates an…



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


Billing itself as “Stripe for emerging markets,” Turkish Fintech Sipay has raised a $78 million Series B funding round, claiming a valuation of $875 million in the process.

This round is significant, as Sipay plans to expand into markets outside of Turkey, offering additional services like remittances that Stripe currently does not offer in those regions.

The all-equity round was led by U.S.-based Elephant VC, with participation from Revolut co-founder Nik Storonsky’s VC firm, QuantumLight.

Founded in 2019, Sipay operates an…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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