Funding Details
- Awarder
- Inbox
- Date Award
- April 08, 2025
- Vertical
- Fintech
- Funding URL
- View Funding Page
- Valuation
-
$875,000,000
Company Info
- Founding Year
- 2019
- Traction
- Sipay has 6.3 million wallet users and 25,000 registered merchants, and claims to have been profitable since 2023 with a revenue increase of 5x year-on-year, ending last year with run-rate revenue of $600 million.
- Revenue Amount
-
$600,000,000
- Organizations Involved
- Visa, Mastercard, Trendyol
- Founders
- Nezih Sipahioğlu
- Company Description
- Sipay operates an all-in-one app for managing digital wallets, investments, and loyalty schemes, offering embedded finance, FX transactions, and other products.
- Market
- Emerging markets
- Location
-
Turkey
- Coinvestors
- Elephant VC, QuantumLight
Links