Turkey’s Sipay Raises $78M to Bring Stripe-Like Fintech Services to Emerging Markets
Sipay raises $78M to expand its fintech platform into emerging markets.
Matilda
Turkey’s Sipay Raises $78M to Bring Stripe-Like Fintech Services to Emerging Markets
When I first came across Sipay, it instantly reminded me of Stripe—but with a twist that speaks directly to emerging markets. Recently, Sipay secured a massive $78 million Series B funding round, valuing the company at a staggering $875 million. That figure alone signals big ambitions, but once I dug into what they’re building, it became clear: this Turkish fintech startup is aiming to revolutionize financial services across developing regions. Image:Google A Fintech Powerhouse Rooted in Turkey Founded in 2019, Sipay offers an all-in-one digital finance platform. Think of it as a comprehensive ecosystem: digital wallets, loyalty programs, investment features, FX transactions, embedded finance, and white-labeled card issuing solutions. The company has already built strong relationships with big names like Visa, Mastercard, and Trendyol, one of Turkey’s leading e-commerce platforms. Sipay isn’t just some experimental startup—they’re already profitable. The company turned a profit in 2023 an…
