Billing itself as “Stripe for emerging markets,” Turkish Fintech rel=”nofollow” href=”https://sipay.com.tr/en/”Sipay has raised a $78 million Series B funding round, claiming a valuation of $875 million in the process.
This round is significant, as rel=”nofollow” href=”https://sipay.com.tr/en/”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 rel=”nofollow” href=”https://www.elephantvc.com/”Elephant VC, with participation from Revolut co-founder Nik Storonsky’s VC firm, rel=”nofollow” href=”https://quantumlightcapital.com/”QuantumLight.
Founded in 2019, Sipay operates an…

![[CITYPNG.COM]White Google Play PlayStore Logo – 1500×1500](https://startupnews.fyi/wp-content/uploads/2025/08/CITYPNG.COMWhite-Google-Play-PlayStore-Logo-1500x1500-1-630x630.png)