• Contact
Friday, May 23, 2025
Register
Login
European Press
Advertisement
  • News
  • Business
  • Tech
  • Sport
  • Health
  • Entertainment
  • Lifestyle
  • Video
No Result
View All Result
  • News
  • Business
  • Tech
  • Sport
  • Health
  • Entertainment
  • Lifestyle
  • Video
No Result
View All Result
European Press
No Result
View All Result

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

9 April 2025
in Business
Reading Time: 3 mins read
A A
Sipay, Europe’s fastest-growing fintech, raises m Series B, hitting 5m valuation
ShareShareShareShareShare

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.

Support authors and subscribe to content

This is premium stuff. Subscribe to read the entire article.

Login if you have purchased

Subscribe

Gain access to all our Premium contents.
More than 100+ articles.
Subscribe Now

Related Posts:

  • Sipay, Europe’s fastest-growing fintech, raises m Series B, hitting 5m valuation
    Sipay, Europe’s fastest-growing fintech, raises $78m…
  • Healthee secures $50M in an oversubscribed Series B round
    Healthee secures $50M in an oversubscribed Series B round
  • Carta Healthcare raises $18.25M to expand AI clinical data platform
    Carta Healthcare raises $18.25M to expand AI…
  • Navina raises $55M to expand AI for value-based care
    Navina raises $55M to expand AI for value-based care
ShareTweetSendPinShare
Previous Post

BSP rate cut hopes may support PHL shares’ rise

Next Post

Google releases Pixel Watch 3 Loss of Pulse Detection

Next Post
Google releases Pixel Watch 3 Loss of Pulse Detection

Google releases Pixel Watch 3 Loss of Pulse Detection

Recommended

A sip of something special: SM Store x CBTL’s exclusive Chocolate Cloud Series

A sip of something special: SM Store x CBTL’s exclusive Chocolate Cloud Series

22 May 2025
Live Updates: India-Pakistan Conflict Intensifies Into Most Expansive in Decades

Live Updates: India-Pakistan Conflict Intensifies Into Most Expansive in Decades

9 May 2025
Friedrich Merz Becomes Germany’s Leader After Unexpected Day of Drama

Friedrich Merz Becomes Germany’s Leader After Unexpected Day of Drama

6 May 2025
Made in Britain applications surge following Trump tariffs as businesses embrace UK-made goods

Made in Britain applications surge following Trump tariffs as businesses embrace UK-made goods

2 May 2025
The Knicks aren’t just beating Celtics, they’re in their heads

The Knicks aren’t just beating Celtics, they’re in their heads

8 May 2025
European Press

European-press.com shares the latest news from Europe and around the world. It covers topics such as business, technology, sports, health, entertainment, and lifestyle. Feel free to get in touch with us!

Disclaimer  Privacy Policy – EU  Imprint 

Contact Us

What’s New Here!

  • Russia may use military force to protect shadow fleet, Estonia warns
  • Auxira Health launches virtual cardiology model
  • Has Lily gone from EastEnders for good as she ‘leaves’ Walford?
  • French department store Printemps brings thrilling food to Wall Street

Subscribe to Our Newsletter

Copyright 2025 © EUROPEAN PRESS All rights on our posts reserved!

Translate »
European Press
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}
No Result
View All Result
  • News
  • Business
  • Tech
  • Sport
  • Health
  • Entertainment
  • Lifestyle
  • Video

Copyright 2025 © EUROPEAN PRESS All rights on our posts reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
×