# Sipay

> Sipay is an Istanbul-based payments and electronic-money company serving merchants, consumers and brands that want their own financial products. It combines online and physical payment acceptance, digital wallets, prepaid cards, open banking and Walletgate, its white-label wallet infrastructure. In April 2025 it announced a $78 million Series B to support international expansion.

- **Founded:** 2019
- **Headquarters:** Istanbul, Turkey
- **Founders:** Nezih Sipahioğlu (Founder, Global CEO and Chairman)
- **Products:** Virtual POS, Physical POS, Sipay Wallet, Sipay Card, Walletgate
- **Notable:** Announced USD 93 million across its 2024 Series A and 2025 Series B., Reported 100 million cumulative transactions at the April 2025 announcement., Sipay reports moving from 187th in Deloitte Technology Fast 500 EMEA 2023 to 119th in 2024.

## Products & services

- **Virtual POS** — Online card acceptance with installments, multi-bank integration, card storage and e-commerce modules; transaction commissions, with no advertised setup or monthly/yearly membership fees.
- **Physical POS** — In-person card payment acceptance for merchants.
- **Sipay Wallet** — Consumer money app with transfers, payments, bank-account access and physical or virtual prepaid cards.
- **Sipay Card** — Physical and virtual prepaid cards linked to an identity-verified Sipay Wallet.
- **Walletgate** — White-label digital-wallet infrastructure, branded prepaid cards, fraud tools, reporting, loyalty programs and bulk payouts.
- **Sipay Business Panel** — A web and mobile dashboard for business transactions, reports and operations with authorization controls.
- **Hesap** — Banking-products marketplace launched to compare loans, credit cards and deposits; AI-powered advice was announced as a future capability.

## Achievements

- Announced USD 93 million across its 2024 Series A and 2025 Series B.
- Reported 100 million cumulative transactions at the April 2025 announcement.
- Sipay reports moving from 187th in Deloitte Technology Fast 500 EMEA 2023 to 119th in 2024.
- Included in the payments category of CNBC and Statista’s World’s Top Fintech Companies 2025, according to Sipay.

## Latest updates

- **2025-04** — Announced USD 78 million Series B led by Elephant with QuantumLight participating.
- **2025-04** — Announced Hesap, a marketplace for banking products.
- **2025-07** — Announced inclusion in CNBC and Statista’s 2025 fintech list.
- **2025-11** — Swipeline reported a renewed temporary suspension of specified payment and e-money permissions; the report said other permissions continued.
- **2026-06** — Published a 2025 annual report with financial tables and average staffing of 274.

## Links

- Website: https://sipay.com.tr/
- LinkedIn: https://www.linkedin.com/company/sipaycomtr/
- Twitter/X: https://x.com/sipaycomtr
- YouTube: https://www.youtube.com/@Sipaytr
- Instagram: https://www.instagram.com/sipay/
- Facebook: https://www.facebook.com/sipaycomtr

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Profile page: https://yespress.io/sipay
Published by YesPress — https://yespress.io
Last updated: 2026-10-11