About Colendi
Colendi is a company based in London (United Kingdom) founded in 2016 by Mihriban Ersin Tekmen and Bulent Tekmen.. 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. Colendi offers products and services including Micro Credit, Buy Now Pay Later, and Scoring Protocol. Colendi operates in a competitive market with competitors including Buy That For Me, among others.
- Headquarter London, United Kingdom
- Founders Mihriban Ersin Tekmen, Bulent Tekmen
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Colendi Holdings Limited
- Date of Incorporation 20 Aug, 2021
- Jurisdiction LONDON, ENGLAND
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Products & Services of Colendi
Colendi offers a comprehensive portfolio of products and services, including Micro Credit, Buy Now Pay Later, and Scoring Protocol. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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 Total Funding
- Total Rounds 4
- Last Round Series B — $65.0M
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First Round
First Round
(28 Aug 2018)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2024 | Amount | Series B - Colendi | Valuation | Citi Ventures | |
| Oct, 2022 | Amount | Debt – Conventional - Colendi | Valuation |
investors |
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| Sep, 2021 | Amount | Series A - Colendi | Valuation | Re-Pie |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Corporate venture capital firm backed by Citi
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Founded Year | Domain | Location | |
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Venture capital funding is provided by Finberg across multiple sectors.
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Founded Year | Domain | Location | |
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Hedef Holding is engaged in finance, technology, energy, and real estate sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Colendi
Colendi has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include hadi. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Blockchain development services are provided by Hadi in Istanbul.
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2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Colendi
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Colendi Comparisons
Competitors of Colendi
Colendi operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Buy That For Me, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
A peer-to-peer marketplace that facilitates financing for the purchase of specific goods.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Colendi
Frequently Asked Questions about Colendi
When was Colendi founded?
Colendi was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Colendi located?
Colendi is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Colendi?
Bulent Tekmen is the current CEO of Colendi. They have also founded this company.
Is Colendi a funded 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 $30M, raised on Aug 28, 2018.
What does Colendi do?
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.
Who are the top competitors of Colendi?
Colendi's top competitors include Buy That For Me.
What products or services does Colendi offer?
Colendi offers Micro Credit, Buy Now Pay Later, and Scoring Protocol.
How many acquisitions has Colendi made?
Colendi has made 1 acquisition, including hadi.
Who are Colendi's investors?
Colendi has 11 investors. Key investors include Fibabanka, Next Ventures, Migros, Citi Ventures, and Re-Pie.