PayU Acquires iyzico, for $165M
PayU, the fintech and e-payments division of Naspers, acquired iyzico, a Turkey-based digital payments provider, in a deal worth $165m.
Turkey
Sovos Buys Foriba
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 Raises $1M in Seed Funding
App Samurai, an İstanbul, Ankara, Turkey- and San Francisco, CA-based self-service mobile advertising tool, raised $1M in seed funding.
Logiwa Raises Seed funding from Revo Capital
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 Raises $2M Series B Financing
Modacruz, an Istanbul, Turkey-based mobile marketplace of second hand women fashion items in Turkey, raised $2m in Series B funding.
Botanalytics Raises €270k in Funding
Botanalytics, a Turkish startup that provides AI powered conversational analytics and engagement solutions for the chatbot market, raised €270k in funding.
Glakolens Raises €465K in Seed Funding
Glakolens, an Istanbul, Turkey-based developer of contact lens based biosensor technologies, raised €465k in seed funding.
Spirohome Raises Seed Funding Round
Spirohome, an Ankara, Turkey-based digital health startup, raised a seed funding round of undisclosed amount.
RS Research Raises €1.1M in Venture Capital Funding
RS Research, a Teknopark Istanbul, Turkey-based nanomedicine startup, raised €1.1m in funding.
Sinemia Raises $1.5M in Funding
Sinemia, an Istanbul, Turkey-based Netflix-like subscription-based service for movie tickets, raised $1.5m in funding.
iyzico Raises $13M in Series C Funding
iyzico, an Istanbul, Turkey-based online payment and fintech platform, closed $13m Series C round of funding.
Paraşüt Raises $2M in Series B Funding
Paraşüt, an Istanbul, Turkey-based bookkeeping software startup, raises $2M in Series B funding.
Services Marketplace Armut.com Raises $3.2M in Series A Funding
Armut.com, an Istanbul, Turkey-based provier of a services marketplace, raised $3.2m in Series A funding.
Turkish Bank Fibabanka Receives Minority Investment from The Abraaj Group
Istanbul, Turkey-based bank Fibabanka A.S., received a minority investment from The Abraaj Group.
Turkey, €200M Venture Capital Fund of Funds Launches
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.