Sipay has announced plans to build a 'global licensing team', responsible for securing E-Money, payments and acquiring license in multiple markets, starting with the United Kingdom and the EU.
Developing innovation-oriented services in the fintech sector and attracting attention in a short time with its innovations, Sipay has been ranked in the list of Turkey’s fastest growing companies by Deloitte Technology Fast 50.
The global licensing team will be in charge ofnew licensing processes and will advise the product team to localize products for every single country in that Sipay will be operating.
"Building this team is just the beginning of our global journey. We’ll work with all financial services and become a global financial ‘super app’. Our mission is to create a borderless economy that allows individuals and companies to do whatever they need with their money. We’d like to take advantage of being global and providing global accounts" says Nezih Sipahioglu, founder of Sipay.
Sipay, the Istanbul based financial platform, reported a significant growth in revenue through 2022, 435% greater than that achieved in 2021, in its financial reporting for the year 2022. This means Sipay is the fastest growing fintech in the Turkish market.
The expected revenue growth for 2023 is bigger than in 2022. This growth will be driven by customer growth, new product launches, optimization of existing products, and market expansion.
While its pioneer fintech solutions are currently only available in the Turkish market, Sipay is expected to launch in the United Kingdom and European countries within the year. Upon launch, individual customers will be able to make instant, free transfers around the world, a breakthrough that has never been done before. Plus, companies will be able to be on top of their finances and accept payments online hassle-free, by using Sipay easy-to-install checkout plugins or building their own checkout experience using the customizable widget and merchant API.
Additionally, businesses can add financial products to their business with Sipay’s embedded financial marketplace solution.