Notice: Function amp_is_available was called incorrectly. `amp_is_available()` (or `amp_is_request()`, formerly `is_amp_endpoint()`) was called too early and so it will not work properly. WordPress is currently doing the `amp_init` hook. Calling this function before the `wp` action means it will not have access to `WP_Query` and the queried object to determine if it is an AMP response, thus neither the `amp_skip_post()` filter nor the AMP enabled toggle will be considered. It appears the plugin with slug `schema-and-structured-data-for-wp` is responsible; please contact the author. Please see Debugging in WordPress for more information. (This message was added in version 2.0.0.) in /home/u885321871/domains/fintechinshorts.com/public_html/wp-includes/functions.php on line 6114

Notice: Function amp_is_available was called incorrectly. `amp_is_available()` (or `amp_is_request()`, formerly `is_amp_endpoint()`) was called too early and so it will not work properly. WordPress is currently doing the `amp_init` hook. Calling this function before the `wp` action means it will not have access to `WP_Query` and the queried object to determine if it is an AMP response, thus neither the `amp_skip_post()` filter nor the AMP enabled toggle will be considered. It appears the plugin with slug `schema-and-structured-data-for-wp` is responsible; please contact the author. Please see Debugging in WordPress for more information. (This message was added in version 2.0.0.) in /home/u885321871/domains/fintechinshorts.com/public_html/wp-includes/functions.php on line 6114

Notice: Function amp_is_available was called incorrectly. `amp_is_available()` (or `amp_is_request()`, formerly `is_amp_endpoint()`) was called too early and so it will not work properly. WordPress is currently doing the `init` hook. Calling this function before the `wp` action means it will not have access to `WP_Query` and the queried object to determine if it is an AMP response, thus neither the `amp_skip_post()` filter nor the AMP enabled toggle will be considered. It appears the plugin with slug `schema-and-structured-data-for-wp` is responsible; please contact the author. Please see Debugging in WordPress for more information. (This message was added in version 2.0.0.) in /home/u885321871/domains/fintechinshorts.com/public_html/wp-includes/functions.php on line 6114

Notice: Function amp_is_available was called incorrectly. `amp_is_available()` (or `amp_is_request()`, formerly `is_amp_endpoint()`) was called too early and so it will not work properly. WordPress is currently doing the `init` hook. Calling this function before the `wp` action means it will not have access to `WP_Query` and the queried object to determine if it is an AMP response, thus neither the `amp_skip_post()` filter nor the AMP enabled toggle will be considered. It appears the plugin with slug `schema-and-structured-data-for-wp` is responsible; please contact the author. Please see Debugging in WordPress for more information. (This message was added in version 2.0.0.) in /home/u885321871/domains/fintechinshorts.com/public_html/wp-includes/functions.php on line 6114
Turkey’s Colendi reportedly raises $65m Series B funding led by Citi | Fintech InShorts: Latest fintech news, analysis by experts

Less than 1 min.Read

Turkey’s Colendi reportedly raises $65m Series B funding led by Citi

By Laura M

May 30, 2024

Company: Colendi, a Turkish digital banking start-up.
Funding: Raised $65 million in a Series B round.
Lead Investor: Citi Ventures.
Supporting Investors: Hedef Holding, Sepil Ventures, Re-Pie Asset Management, Finberg, and Turkish retailer Migros Ticaret AS.
Valuation: The funding round values Colendi at $700 million.
Previous Funding:
- Raised $30 million in Series A in 2021.
- Secured a $150 million credit facility with Fibabanka in 2022.
CEO: Bulent Tekmen, co-founder since 2017.
Use of Funds: Establishment of Colendi Bank.
Regulatory Approval: Received approval from Turkey’s Banking Regulation and Supervision Agency (BRSA) to launch the first digital deposit bank in Turkey.
Banking Services: Authorized to receive deposits and provide loans.
Customer Goal: Aims to onboard 50 million customers in the region.
Future Plans: Potential dual public listing in 2026 on the London Stock Exchange and Borsa Istanbul Stock Exchange.

Hot this week

Topics

Popular Categories

FinTechBankingBusinessFundingAIPaymentsPartnership

OpenAI’s new safety committee is made up of all insiders

Stephen Bird to exit Abrdn after four years as group CEO

Exit mobile version

Turkey’s Colendi reportedly raises $65m Series B funding led by Citi

Banking as a Service: Meaning, Examples, Benefits and Future

Best fintech blogs and websites

What is Fintech?

How to buy shares online

Is it worth investing in life insurance over 60?

Topics

Singapore-based fintech start-up WSPN bags $30m seed funding

Mastercard set to lay off around 3% of global workforce

HSBC reportedly considering sale of its South African business

ABN Amro goes live with CBA’s IBAS TDD software and nCino’s cloud banking platform

USAA president and CEO Wayne Peacock to retire in 2025

Singapore’s Valverde taps Broadridge for investment management solution

US fintech Amount lands $30m in fresh funding to advance AI capabilities

Sharon Naidoo named new TransUnion CFO for the UK and Europe

Related Articles

Singapore-based fintech start-up WSPN bags $30m seed funding

Mastercard set to lay off around 3% of global workforce

HSBC reportedly considering sale of its South African business

ABN Amro goes live with CBA’s IBAS TDD software and nCino’s cloud banking platform

USAA president and CEO Wayne Peacock to retire in 2025

Company

Headlines

Singapore-based fintech start-up WSPN bags $30m seed funding

Mastercard set to lay off around 3% of global workforce

HSBC reportedly considering sale of its South African business

ABN Amro goes live with CBA’s IBAS TDD software and nCino’s cloud banking platform

Newsletter