About Colendi
Colendi is a Financial Services company based in London (United Kingdom) founded in 2016 by Mihriban Ersin Tekmen and Bulent Tekmen. Point-of-sale financing is enabled via a P2P platform. Colendi has raised $97.5 million across 4 funding rounds from investors including Fibabanka, Next Ventures and Migros. Colendi has completed 1 acquisition, including hadi. Its chief executive, as recorded, is Bulent Tekmen. Its website colendi.com draws about 63 thousand monthly visits. Colendi offers products and services including Micro Credit, Buy Now Pay Later, and Scoring Protocol. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its legal entity is COLENDI HOLDINGS LIMITED.
Company details
Colendi was founded in 2016 and is based in London, United Kingdom, within the fintech sector. A peer-to-peer platform for point-of-sale financing is operated, through which instalment payments for products are facilitated for users. Businesses are equipped with tools to process such payments using credit or debit cards, bank transfers, and similar methods. An API is supplied for integrating white-label lending options and conducting credit score assessments.
- Headquarters London, United Kingdom
- Founders Mihriban Ersin Tekmen, Bulent Tekmen
- SectorsFinancial Services
- Email••••••••
- Website colendi.com
- Social LinkedIn X Facebook
- Legal Name Colendi Holdings Limited
- Date of Incorporation 20 Aug, 2021
- Jurisdiction LONDON, ENGLAND
Products & Services of Colendi
Colendi offers a comprehensive portfolio of products and services, including Micro Credit, Buy Now Pay Later, and Scoring Protocol.
Offers instant, interest-free loans for daily needs with flexible repayment options.
Enables installment purchases for consumers with low-cost options.
Uses machine learning for unbiased credit reliability assessments.
Funding Insights of Colendi
Colendi has successfully raised a total of $97.5M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $65 million completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $97.5M
- Total Rounds 4
- Last Round Series B — $65M
- First Round $2.5M
(Aug 2018)
- Investors Count 11
All 4 funding rounds of Colendi with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2024 | $65M | Series B | – | Citi Ventures | |
| Oct 2022 | $150M | Debt – Conventional | – | – | |
| Sep 2021 | $30M | Series A | – | Re-Pie | – |
| Aug 2018 | $2.5M | Series A | – | – |
11 investors in total: 11 institutional.
Investors in Colendi
Colendi has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Fibabanka, Next Ventures and Migros.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Corporate venture capital firm backed by Citi | citi.com/ventures | San Francisco, United States | ||
Venture capital funding is provided by Finberg across multiple sectors. | finberg.com.tr | Sisli, Turkey | ||
Hedef Holding is engaged in finance, technology, energy, and real estate sectors. | hedefholding.com | Istanbul, Turkey | ||
| sepilventures.tcc.mode | ||||
Global FinTech startup investments are managed by Next Ventures. | nextventures.co.uk | London, United Kingdom | ||
Early stage venture capital firm investing in US | aslanobacapital.com | Istanbul, Turkey | ||
Investment funds are managed by Boğaziçi Ventures for innovative startups. | bogaziciventures.com | Istanbul, Turkey | ||
Provides portfolio management for investment funds like real estate and securities. | 2015 | re-pie.com | Saryer, Turkey | |
Grocery and general merchandise retail services are provided through stores. | 1954 | migroskurumsal.com | Istanbul, Turkey | |
Commercial bank | 2010 | fibabanka.com.tr | Istanbul, Turkey |
Investor details for Colendi
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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- Round participation
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Verified entity values are shown only after access is granted.
People of Colendi
6 people are tracked at Colendi (3 in leadership, 3 in team).
| Name | Role | Group |
|---|---|---|
Mihriban Ersin Tekmen | Co-Founder | Leadership |
Bulent Tekmen | Co-Founder & CEO | Leadership |
Ali Kursad Bostan | Chief Financial Officer | Leadership |
Fati̇h Aras | Muhasebe Müdürü | Team |
Mina Soleymanzadeh | Audit Compliance Manager | Team |
Elif Torunoğlu | Senior Finance Specialist | Team |
Complete people profiles for Colendi
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Investments & Acquisitions by Colendi
Colendi has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include hadi.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Blockchain development services are provided by Hadi in Istanbul. | hadilive.com | Istanbul, Turkey | 2018 | Dec 2022 | •••• |
Complete acquisition details for Colendi
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
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- Exports
Verified entity values are shown only after access is granted.
Timeline of Colendi
4 dated milestones of Colendi across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Colendi is founded.
- Funding First funding round of $2.5M.
- Acquisition Acquires hadi.
- Funding Latest funding round, Series B, of $65.0M.
Web traffic of Colendi
The website of Colendi (colendi.com) receives about 63.3K visits a month.
- Monthly visits63.3K
▲ 97.8% vs previous month
Websites whose visitors overlap most with Colendi. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
colendimenkul.com | colendimenkul.com | 100% | #505,228 | – |
Top companies in Alternative Lending
2 companies that operate in the same segment as Colendi (Alternative Lending) in United Kingdom, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 860 | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M |
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Related news about Colendi
Complete news archive for Colendi
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Frequently Asked Questions about Colendi
Colendi was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Colendi is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Bulent Tekmen is the CEO of Colendi, as recorded in our data. They have also founded this company.
Colendi is a funded company, having raised a total of $97.5M across 4 funding rounds to date. The company's 1st funding round was a Series A of $2.5M, raised on Aug 2018.
Colendi was founded in 2016 and is based in London, United Kingdom, within the fintech sector. A peer-to-peer platform for point-of-sale financing is operated, through which instalment payments for products are facilitated for users. Businesses are equipped with tools to process such payments using credit or debit cards, bank transfers, and similar methods. An API is supplied for integrating white-label lending options and conducting credit score assessments.
Colendi offers Micro Credit, Buy Now Pay Later, and Scoring Protocol.
Colendi has made 1 acquisition, including hadi.
Colendi has 11 investors. Key investors include Fibabanka, Next Ventures, Migros, Citi Ventures, and Re-Pie.
Colendi operates through Colendi Holdings Limited.