Sipay, Turkey’s leading embedded finance and payments platform, raised $78 million in Series B funding led by Elephant VC, boosting its valuation to over $875 million. The company, profitable since 2023, has achieved 5x year-over-year revenue growth and aims to expand globally beyond its 6.3 million wallet users and 25,000 merchants in Turkey. With its unified platform offering payments, embedded finance, FX, and personal finance tools, Sipay is positioning itself as a key player in the international fintech ecosystem.

Sipay Raises $78 Million Series B Achieving a Valuation in Excess of $875 Million