Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Sipay, Europe’s fastest-growing fintech, raises $78m Series B, hitting $875m valuation

by April 9, 2025
April 9, 2025
Sipay, Europe’s fastest-growing fintech, raises $78m Series B, hitting $875m valuation

Sipay, the rapidly scaling Turkish fintech specialising in embedded finance and payment solutions, has raised $78 million in a Series B funding round, pushing its valuation beyond $875 million.

The round was led by US-based venture capital firm Elephant VC, with support from QuantumLight, the investment firm founded by Revolut CEO Nik Storonsky.

Recognised as Turkey’s fastest-growing fintech by Deloitte in both 2023 and 2024, Sipay has seen its revenue multiply fivefold year-on-year, ending 2024 on a $600 million revenue run rate. Profitable since 2023, the company has continued to gain momentum since its $15 million Series A round led by Anfa in June last year.

The new capital injection will power Sipay’s international expansion, with a focus on forming strategic partnerships and networks in emerging markets. The move follows strong growth in its domestic market, where the company boasts 6.3 million digital wallet users and 25,000 registered merchants.

Founded in 2019, Sipay offers a comprehensive suite of financial products for both businesses and consumers. Its business platform enables firms to manage payments, FX transactions, and embedded finance through a unified dashboard, while Sipay Personal provides users with an all-in-one money app covering digital wallets, investments, and loyalty schemes.

To date, the company has processed over 100 million transactions and works with global payment giants including Visa and Mastercard. Its client roster spans from traditional banks and industrial groups to tech disruptors, including QNBpay (a QNB subsidiary), Nasdaq-listed Hepsiburada’s payment service Hepsipay, and Alibaba-owned Trendyol.

Nezih Sipahioğlu, Founder and Global CEO of Sipay, commented: “This investment fuels our mission to redefine the global payments ecosystem. Our unified platform offering diverse financial products and services helps businesses and individuals achieve true financial freedom. This new funding round will allow us to take the next step in our global journey, bringing Sipay’s comprehensive payment solutions into new emerging markets.”

Peter Fallon, General Partner at Elephant VC, added: “In today’s fast-evolving digital economy, seamless and secure payment solutions are more critical than ever. Sipay is playing a vital role in reshaping the financial landscape to be more inclusive, secure, and efficient. We’re proud to support Nezih and the team as they expand their success beyond Turkey.”

With the backing of top-tier investors and a strong track record of growth, Sipay is positioning itself as a global contender in the competitive fintech space, focused on transforming financial infrastructure and boosting financial inclusion across borders.

Read more:
Sipay, Europe’s fastest-growing fintech, raises $78m Series B, hitting $875m valuation

0
FacebookTwitterGoogle +Pinterest
previous post
24/7 Access and Flexibility: Key Self-Storage Benefits for Harrow SMEs
next post
Where are they now? Hunter Biden’s ex-business partners praise Trump, MAGA following Biden departure

You may also like

DB scheme running costs surge 37% on average...

October 14, 2024

5 Latest Trends in SPC Vinyl Flooring for...

January 29, 2025

Exploring Limitless Horizons: Storm International’s Journey

January 25, 2024

Treasury Acknowledges Impending Rise in Inflation

February 12, 2024

Airbnb launches Pay Over Time with Klarna in...

December 11, 2023

How to show real appreciation in the workplace

April 2, 2024

Illness takes 500,000 out of UK workforce

November 11, 2022

Prince’s Trust warns of ‘digital skills crisis’ as...

August 1, 2024

Tony’s Chocolonely Faces Legal Battle with Milka Over...

February 23, 2024

AI could give your SME a whole floor...

January 11, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Gen Z workers turn back to office jobs to combat loneliness

      August 25, 2025
    • US jobs market faces ‘Trump slump’ as tariffs and cuts hit growth

      August 25, 2025
    • Royal Mail and DHL suspend US parcel deliveries as Trump tariffs take effect

      August 25, 2025
    • Farmers warn of crisis as poll shows 80% fear for survival and none back Labour

      August 25, 2025
    • TikTok cuts threaten hundreds of UK content moderator jobs amid AI shift

      August 25, 2025
    • Hospitality hit hardest as nearly 90,000 jobs lost after budget tax rises

      August 25, 2025

    Categories

    • Business (8,874)
    • Investing (2,235)
    • Politics (16,476)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved