About Sipay
Sipay is a company based in Uskudar (Turkey) founded in 2018 by Nezih Sipahioglu. It operates as a FinTech and Commission-Based. Sipay has raised $93 million across 2 funding rounds from investors including Elephant Elephant, QuantumLight and Anfa. Sipay offers products and services including Sipay Virtual POS, Sipay Digital Wallet, Sipay Card, and Walletgate. Sipay operates in a competitive market with competitors including Flutterwave, PayU, Iyzi Payments, CyberSource and Wirecard, among others.
- Headquarter Uskudar, Turkey
- Founders Nezih Sipahioglu
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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 Sipay Elektronik Para Ve Ödeme Hizmetleri A.Ş.
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Annual Revenue
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$93 M (USD)
in 2 rounds
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Latest Funding Round
$78 M (USD), Series B
Apr 08, 2025
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Investors
Elephant Elephant
& 7 more
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Employee Count
Not available
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Products & Services of Sipay
Sipay offers a comprehensive portfolio of products and services, including Sipay Virtual POS, Sipay Digital Wallet, Sipay Card, and Walletgate.
Virtual POS solutions are provided for secure online payments.
Digital wallet services are offered for easy transactions.
Payment cards are issued for flexible spending options.
Digital wallet integration is enabled for branded applications.
People of Sipay
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Funding Insights of Sipay
Sipay has successfully raised a total of $93M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $78 million completed in April 2025. 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.
Investors in Sipay
Sipay has secured backing from 8 investors, including venture fund and angel investors. Prominent investors backing the company include Elephant Elephant, QuantumLight and Anfa.
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Venture capital firm dealing with enterprise software, consumer internet, and mobile markets.
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Multiple sectors are invested in by this venture capital fund.
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Global investments are managed by Anfa across multiple sectors.
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Investor details for Sipay
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Investments & Acquisitions by Sipay
Investment portfolio details for Sipay
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Financial Statements - Sipay
Detailed financials for Sipay
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Sipay Comparisons
Peer comparison for Sipay
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Competitors of Sipay
Sipay 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 Flutterwave, PayU, Iyzi Payments, CyberSource and Wirecard, among others.
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Provider of payment processing solutions for businesses
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Online payment processing and credit solutions are provided for businesses.
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Payment solutions are provided for e-commerce firms and individuals.
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Global e-commerce payment processing and security services are managed.
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Payment processing solutions are provided for businesses and merchants.
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Provides payment processing, customizable stores, and marketplace for digital goods.
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Detailed competitors of Sipay
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Latest news on Sipay
Complete news archive for Sipay
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Frequently Asked Questions about Sipay
Sipay was founded in 2018 and raised its 1st funding round 6 years after it was founded.
Sipay is headquartered in Uskudar, Turkey. It is registered at Uskudar, Istanbul, Turkey.
Semih Musabak is the current CEO of Sipay.
Sipay is a funded company, having raised a total of $93M across 2 funding rounds to date.
Comprehensive financial services are offered by Sipay, focusing on payment solutions for both individual and corporate clients. Operations are conducted in the FinTech sector, providing virtual and physical POS systems, digital wallets, and money transfer services. Solutions like Sipay Card and Walletgate are developed to enhance secure and fast transactions. Financial marketplace infrastructure is built to manage payments and alternative financial services from a single platform. Growth of businesses is supported through optimized payment technologies and competitive commission rates.
Sipay's top competitors include PayU, Flutterwave and Iyzi Payments.
Sipay offers Sipay Virtual POS, Sipay Digital Wallet, Sipay Card, and Walletgate.
Sipay has 8 investors. Key investors include Elephant Elephant, QuantumLight, Anfa, Jitendra Gupta, and Amrish Rau.