PayU, the fintech and e-payments division of Naspers, acquired iyzico, a Turkey-based digital payments provider, in a deal worth $165m.
Sovos, a Boston, MA-based global tax software provider, is to acquire Foriba, an Istanbul, Turkey-based provider of e-invoicing, e-delivery notes, e-receipts and periodic value-added tax (VAT) reporting solutions in Turkey and beyond.
App Samurai, an İstanbul, Ankara, Turkey- and San Francisco, CA-based self-service mobile advertising tool, raised $1M in seed funding.
Logiwa, a Chicago, IL-based provider of a cloud warehouse and inventory management software, raised venture capital funding from Istanbul, Turkey-based Revo Capital.
Modacruz, an Istanbul, Turkey-based mobile marketplace of second hand women fashion items in Turkey, raised $2m in Series B funding.
Botanalytics, a Turkish startup that provides AI powered conversational analytics and engagement solutions for the chatbot market, raised €270k in funding.
Glakolens, an Istanbul, Turkey-based developer of contact lens based biosensor technologies, raised €465k in seed funding.
Spirohome, an Ankara, Turkey-based digital health startup, raised a seed funding round of undisclosed amount.
RS Research, a Teknopark Istanbul, Turkey-based nanomedicine startup, raised €1.1m in funding.
Sinemia, an Istanbul, Turkey-based Netflix-like subscription-based service for movie tickets, raised $1.5m in funding.
iyzico, an Istanbul, Turkey-based online payment and fintech platform, closed $13m Series C round of funding.
Paraşüt, an Istanbul, Turkey-based bookkeeping software startup, raises $2M in Series B funding.
Armut.com, an Istanbul, Turkey-based provier of a services marketplace, raised $3.2m in Series A funding.
Istanbul, Turkey-based bank Fibabanka A.S., received a minority investment from The Abraaj Group.
European Investment Fund (EIF), Undersecretariat of Treasury, Small and Medium Enterprises Development Organization of Turkey (KOSGEB) and the Industrial Development Bank of Turkey (TSKB) have established the Turkish Growth and Innovation Fund to support innovative and technology oriented businesses with a rapid growth potential.