What does Iyzico do?
Iyzico, provides a platform to let e-commerce sites and other apps to easily accept online payment. It is the easiest way accepting payments online in Turkey. It offers more than 22 different payment options and extra features such as recurring payment, single click payment, bin control, installment payment, marketplace solutions and bank transfers. It serves in many sizes in many areas, easy and secure payment system for providing management platform. The e-commerce is managed by a team Iyzico love, the lives of all those who accept payments in the internet makes it very easy and offers a great cooperation with the extra value it offers.
How much Iyzico was funded?
Iyzico raised $6.2M in Series B funding on May 26th, 2015 from International Finance Corporation, The World Bank, Speedinvest, Endeavor and 212 Limited.
- $1.4M in Venture round on July 10, 2013 from Speedinvest, Pachicle Invest and com
- $1.4M in Series A round on August 26, 2014 from Pachicle Invest, 212 Limited and Speedinvest
What is next for Iyzico?
Iyzico has raised a total of 9M since it was founded in 2012. It plans to use the new funding for expanding its research and development team and for scaling its payment technology all over the world. It is especially planning to go beyond Turkey and target the Middle East, where it aims to be the leading payment platform.
Payment platforms Stripe and Paymill are not present in Turkey, so Iyzico and its investors plans to exploit this area. Barbaros Ozbugutu, CEO of Iyzico said that the company’s goal is to become Stripe of the region. It is excited to take its technology globally.
More about Iyzico
Iyzico was founded on November 21st, 2012 and has its headquarters in Istanbul. It is a speed and system management platform which is designed for receiving payment on productivity.