Sipay

Sipay is a payments and embedded-finance platform for merchants and consumers, positioning itself as a Stripe for emerging markets and adding services such as remittances. Founded in Istanbul in 2019 by Nezih Sipahioğlu, it reports 6.3 million users and 25,000 merchants. In April 2025 it raised a $78 million Series B led by Elephant VC at an $875 million valuation.