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Turkey’s Sipay raises $78M to expand its Stripe-like services into emerging markets


Billing itself as "Stripe for emerging markets," Turkish Fintech Sipay has raised a $78 million Series B funding round, claiming a valuation of $875

Founded in 2019, Sipay operates an all-in-one app for managing digital wallets, investments and loyalty schemes, and offers embedded finance, FX transactions and other products. “As markets become more globalized, Sipay’s focus on cross-border payment solutions will help drive international growth and trade,” Peter Fallon, general partner at Elephant VC, said in a statement. He has interviewed Tony Blair, Dmitry Medvedev, Kevin Spacey, Lily Cole, Pavel Durov, Jimmy Wales, and many other tech leaders and celebrities.

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