What does Sipay do?
Sipay is a fintech company that designs and develops financial products and services for businesses and individuals. Its platform offers innovative payment solutions, embedded finance, and FX transactions, while Sipay Personal serves as a digital wallet app for managing investments, digital wallets, and loyalty schemes.
How much did they raise?
The company secured $78M in a Series B round, which was led by Elephant VC with participation from QuantumLight, resulting in a valuation exceeding $875M.
What are their plans for the money?
With the fresh injection of capital, Sipay plans to establish new partnerships and build networks in emerging markets. This expansion will enable the company to accelerate its international growth and enhance its suite of embedded finance solutions.
What have they achieved so far?
Since its inception, Sipay has facilitated 100 million transactions and forged significant partnerships with global players like Visa, Mastercard, QNBpaym, Hepsipay, and Alibaba-owned Trendyol.
