iyzico, an Istanbul, Turkey-based online payment and fintech platform, closed $13m Series C round of funding.
The round was led by Vostok Emerging Finance, with participation from International Finance Corporation (IFC), and 212.
The company intends to use the funds to roll out its services in the Middle East and Europe.
Launched in 2013 by Barbaros Ozbugutu, CEO, iyzico is a payment service provider (PSP) for online businesses and enterprises, particularly e-commerce platforms. The payment system, PCI-DSS and BRSA (Banking Regulation and Supervision Agency) certified, offers online businesses and enterprises the ability to collect payments in their local currency through installments. THe servise is used by over 8.500 live merchants and 160.000 seller accounts under marketplaces.
iyzico is the first company to integrate the Iranian market to the world.