Istanbul based payments platform Iyzico has secured $15m in Series C financing led by Vostok Emerging Finance. Iyzico's platform allows e-commerce websites and other apps to easily accept online payments.
Sometimes dubbed the ‘Stripe of Turkey’, in reference to the widely popular San Francisco-based payments company that it counts as a potential competitor but which still hasn’t launched in Turkey, Iyzico targets online businesses and enterprises, particularly e-commerce sites, offering a developer-friendly platform for taking payments online. It claims to be easy to integrate, and provides on-boarding in less than 24 hours, and is PCI-DSS and BRSA (Banking Regulation and Supervision Agency) certified to ensure security. Since launching in 2013, Iyzico says it is powering over 10,000 merchants, and counts 200,000 seller accounts via various online marketplaces.