Turkish Payment Provider iyzico Secures $15m to Expand in Middle East

[kreslik.news]

Despite political turmoil, Fintech startups in Turkey are still able to grow.  iyzico, a Turkey based payment solutions company, this week closed a $15 million Series C investment round with the International Finance Corporation (IFC), the World Bank’s investing arm, Istanbul based venture capital firm 212 and UK-based VC Amadeus Capital Partners which invested $2 million.

The investment, which brings iyzico’s financing to date to nearly $25 million, will allow iyzico to expand its research and development team, and scale its payment technology globally.

Iyzico launched in Iran last year but since it looks beyond Turkey, the company also plans to target ... (read more)