Turkey’s fintech startup <-bsp-bb-link state=”{“bbHref”:”bbg://securities/1650118D%20SW%20Equity”,”_id”:”0000018f-a045-de3b-adcf-fae7055f0000″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>Colendi-bsp-bb-link> raised $65 million in fresh funding from a group of investors including Citigroup Inc.’s venture capital arm at a valuation of $700 million.
Apart from <-bsp-bb-link state=”{“bbHref”:”bbg://securities/8683242Z%20US%20Equity”,”_id”:”0000018f-a045-de3b-adcf-fae705620000″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>Citi Ventures-bsp-bb-link>, Migros Ticaret AS, Sepil Ventures, <-bsp-bb-link state=”{“bbHref”:”bbg://securities/2012174D%20TI%20Equity”,”_id”:”0000018f-a045-de3b-adcf-fae705620002″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>Re-Pie Asset Management-bsp-bb-link>, <-bsp-bb-link state=”{“bbHref”:”bbg://securities/1874633D%20TI%20Equity”,”_id”:”0000018f-a045-de3b-adcf-fae705630000″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>Finberg-bsp-bb-link> and <-rte-company state=”{“_id”:”0000018f-a045-de3b-adcf-fae705630001″,”_type”:”00000160-4b23-d8bd-adfd-4b3348fd0000″}”>Hedef Holding-rte-company> participated in the Series B round, according to Bulent Tekmen, co-founder and chief executive office of Colendi, formally known as <-bsp-bb-link state=”{“bbHref”:”bbg://securities/1920461D%20TI%20Equity”,”_id”:”0000018f-a045-de3b-adcf-fae705630002″,”_type”:”0000016b-944a-dc2b-ab6b-d57ba1cc0000″}”>Colendi Yapay Zeka ve Buyuk Veri Teknoloji Hizmetleri AS-bsp-bb-link>. Existing investors also took part in the round, he said.
Bulent Tekmen
Source: Colendi
Turkey’s banking regulator approved Colendi’s application to establish a digital bank in …
