Sipay Secures $15 Million Investment

Sipay, a local fintech company providing end-to-end services in the field of financial technologies, has announced the completion of its first investment round. According to information shared by the company, Sipay has secured a $15 million investment. This investment round was led by the global investment firm Anfa VC.

Prominent figures participating in the investment round included Jitendra Gupta from Citrus Pay and Jupiter, Amrish Rau from Pine Labs, Kunal Shah from CRED, Ravish Naresh from Khatabook, and Edward Lando from Pareto Holdings. This widely participated investment round marks a significant step for Sipay's future growth targets.

Sipay plans to use the $15 million investment to expand its product range, develop innovative solutions, enter new markets, and strengthen its global presence. Founded in 2019 with the aim of meeting all financial needs of individuals and businesses through a single platform with alternative options, Sipay provides services to both global corporate companies and local banks and technology companies.

According to the data shared by the company, Sipay has an annual growth rate of 10x as of April 2024. The company aims to close this year with a revenue of $300 million. Sipay Founder and Global CEO Nezih Sipahioğlu stated, "In the rapidly changing digital age, we continue to be a pioneer in fintech trends and provide our users with the most innovative solutions. This investment is a testament to the disciplined work and dedication of our teams."

Anfa VC Partner Idris Sami expressed their excitement, saying, "Nezih and his team have achieved a lot in a short time, and we are thrilled to partner with them." Such comments highlight Sipay's reliability and potential in the industry.

Sipay, which has shown rapid growth in the field of financial technologies, plans to get closer to its goals with this investment. The company's aims to develop innovative solutions and enter new markets position it prominently in the fintech sector. It seems that Sipay will continue to make a name for itself with its innovative approach in financial technologies in the upcoming period.