25 September 2017
visit www.avoka.com

Turkish payments firm iyzico raises $13m

03 April 2017  |  1518 views  |  0 Source: iyzico

Online payment and fintech leader iyzico announced that it has closed its Series C round with $13 million investment led by Vostok Emerging Finance, a fund that comes from the same investment stable as Vostok New Ventures who’s investments include BlaBlaCar, Gett and Delivery Hero.

Existing investors International Finance Corporation (IFC), a member of the World Bank Group and 212, one of the foremost VC funds in Turkey, also participated in the investment round.

“We are very excited to announce our investment into Iyzico, and indeed our first move into the Turkish market. iyzico is comfortably one of the best online payments plays we have come across in the emerging arena. Turkey offers a very rich opportunity set in the payments space, while there is a wealth of experience in the iyzico team which is what really drew us to this opportunity.” said Dave Nangle, Managing Director of Vostok Emerging Finance (VEF).

“Since our launch in 2013, iyzico has become the leading online payment provider in Turkey. Earlier last year we expanded into Iran. With this investment round, we will be eager to roll out our services in other markets in the Middle East and Europe and thus push fintech further forward. We will realise our plan to become the “payment champion” of the region.” said Brbaros Ozbugutu, iyzico CEO. 

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit www.sibos.comvisit www.vasco.comvisit www.ncr.com

Top topics

Most viewed Most shared
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
10939 views comments | 15 tweets | 30 linkedin
SBI Ripple Asia advances on South KoreaSBI Ripple Asia advances on South Korea
8878 views comments | 16 tweets | 1 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8788 views comments | 19 tweets | 27 linkedin
European Commission makes fintech a priority in supervisory shakeupEuropean Commission makes fintech a priori...
8457 views comments | 33 tweets | 46 linkedin
hands typing furiouslyBlockchain is a new way of thinking?
6945 views 1 | 8 tweets | 1 linkedin

Featured job

Competitive base + commission + benefits
Denmark, Finland, Iceland, Norway or Sweden

Find your next job