Scan to download
BTC $77,290.57 +3.42%
ETH $2,422.77 +3.90%
BNB $644.91 +2.17%
XRP $1.48 +2.96%
SOL $88.90 +0.74%
TRX $0.3270 +0.10%
DOGE $0.0992 +0.73%
ADA $0.2577 +0.23%
BCH $454.05 +0.22%
LINK $9.60 +1.17%
HYPE $45.05 +2.83%
AAVE $115.26 +1.61%
SUI $0.9938 -0.17%
XLM $0.1732 +3.53%
ZEC $334.67 -1.89%
BTC $77,290.57 +3.42%
ETH $2,422.77 +3.90%
BNB $644.91 +2.17%
XRP $1.48 +2.96%
SOL $88.90 +0.74%
TRX $0.3270 +0.10%
DOGE $0.0992 +0.73%
ADA $0.2577 +0.23%
BCH $454.05 +0.22%
LINK $9.60 +1.17%
HYPE $45.05 +2.83%
AAVE $115.26 +1.61%
SUI $0.9938 -0.17%
XLM $0.1732 +3.53%
ZEC $334.67 -1.89%

colendi

Turkish fintech company Colendi has completed a $65 million Series B funding round, led by Citi Ventures

ChainCatcher news, according to Bloomberg, Turkish fintech startup Colendi has raised $65 million in its latest Series B funding round, reaching a valuation of $700 million. This round was led by Citi Ventures, the venture capital arm of Citigroup, with other investors including Migros Ticaret AS, Sepil Ventures, Re-Pie Asset Management, Finberg, and Hedef Holding. Colendi co-founder and CEO Bulent Tekmen stated that existing investors also participated in this round of funding.It is reported that Turkish banking regulators have approved Colendi's application to establish a digital bank in 2023. Tekmen mentioned that the oversubscribed Series B funding round provides the necessary capital to establish Colendi Bank. The company plans to dual-list in Istanbul and London and expects to be ready for an initial public offering (IPO) by 2026. Headquartered in Istanbul, Colendi launched a new funding round in March, aiming to raise over $150 million by the end of this year. Tekmen anticipates that after this funding round, Colendi's valuation will reach $1 billion, thus becoming a "unicorn" company.Currently, Colendi has 17 million users in Turkey, with plans to expand into populous emerging markets such as Pakistan and Indonesia in the future, ultimately aiming for a target of 1 billion users. This funding will drive Colendi's mission to become a major digital banking entity in Europe, the Middle East and Africa (EMEA), the Gulf Cooperation Council (GCC), and Turkic countries.
app_icon
ChainCatcher Building the Web3 world with innovations.