Sipay, a company providing end-to-end services in financial technologies, announced the completion of its first investment round, securing $15 million. The funding, led by global investment firm Anfa VC, included participation from notable investors such as Citrus Pay’s Jitendra Gupta, Pine Labs’ Amrish Rau, CRED’s Kunal Shah, Khatabook’s Ravish Naresh, and Pareto Holdings’ Edward Lando. Sipay plans to use this investment to expand its product portfolio, develop innovative solutions, and increase its global presence.

Founded in 2019, Sipay aims to meet all financial needs of individuals and businesses through a single platform offering various options. The company serves both global corporate firms and local banks and technology companies. According to Sipay's data, the company has achieved a tenfold annual growth rate as of April 2024 and aims to close the year with $300 million in revenue.

Sipay’s Founder and Global CEO, Nezih Sipahioğlu, highlighted that their goal is to lead fintech trends and provide users with the most innovative solutions in the rapidly changing digital age. He attributed the success of the investment round to the disciplined work and dedication of their team. Anfa VC Partner Idris Sami expressed excitement about partnering with Nezih and his team, acknowledging their significant achievements in a short period.