iyzico

paymentspayment gateways

STATUS: Acquired/Merged
FOUNDING YEAR: 2013
LOCATION: Turkey
Last Update: 19/01/2021

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About

Founded in 2013, iyzico is the brainchild of German-born Turks, Barbaros zbuutu and Tahsin Isn, who moved from Germany to Turkey to set up the business. Started out with 3 people, iyzico is now Turkeys fastest growing fintech company composed of more than 130 people providing secure payment solutions to online sellers of different sizes as well as online shoppers. iyzico offers a premium product in terms of its quality service. Global and local merchants and buyers who use iyzico are supported by real people, in real places, who can provide real support. Aspiring to become Turkeys first unicorn we strive to build both the best possible product and the best company culture in Turkey. We value iyzico culture as much we care about professional and educational accomplishments. At iyzico were easy, happy, fast and fair. We do not like working in silos, were easy to work with. We like to get things done together as a team making us faster and happier. And at iyzico, being fair is at the heart of everything. We take decisions based on data rather than gut feeling. Our culture is driven by respect, transparency, results and direct feedback.

MEDICI Analysis

Iyzico is an Istanbul-based organization that provides easy and secure payment systems to e-commerce companies of difference sizes and in different domains. It offers two main products to facilitate the transactions: Iyzicollect - A virtual PoS without any subscription or installation charges, and Iyziconnect - An integration and management panel for multiple PoS systems used by a merchant.

Focus

PRODUCTS & SERVICES

Online payments platform for e-commerce merchants

MAIN CLIENTS

ZARA

Samsung

sahibinden.com

modanisa

onedio

atlasglobal

CicekSepeti etc

People

FOUNDERS

Barbaros Özbugutu

BOARD MEMBERS AND ADVISORS

Stefan Klestil

Barbaros Özbugutu

Tahsin Isin

Numan Numan

Stefan Kalteis

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Amadeus Capital Partners

Beenos Partners

Endeavor Catalyst

International Finance Corporation

Pachicle Invest

Speedinvest

Vostok Emerging Finance

Vostok Emerging Finance (VEF)

212

KEY EMPLOYEES:

Barbaros Özbugutu(CEO); Tahsin Isin(CTO); Orkun Saitoglu(COO); Ilkay Düzgün(CFO)

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

4

TOTAL FUNDING

$12 M

DATE OF LAST FUNDING

Apr 2017

IPO STATUS

Private

TOTAL FUNDING COMMENT

The company is planning to use the fund to expand its Europe and Middle East market (Jan 2017).

ESTIMETED REVENUE RANGE

$1M to $10M

SEED & PRIOR FUNDING

$1.4 M

SEED CLOSED ON

Jun 2013

FUNDING SERIES

SERIES A  · $1.4 M  · Jul 2013

SERIES B  · $6.2 M  · May 2015

SERIES C  · $3 M  · Apr 2017

LISTED

NO

company provided insights
Acquisitions

M&A

ACQUIRED BY

coinpay

ANNOUNCED DATE

Jun 2019

PRICE

$165 M

company provided insights

Acquisitions

ACQUIREE NAME

mypat

ANNOUNCED DATE

Nov 2014

PRICE

---

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

208,070

AVERAGE VISITS (6 MONTHS)

197,841.27

MONTHLY VISITS GROWTH

-12.76%

VISIT DURATION

103

VISIT DURATION GROWTH

18.6%

PAGE VIEWS VISIT

2.28

PAGE VIEWS VISIT GROWTH

10.28%

BOUNCE RATE

67.32%

BOUNCE RATE GROWTH

-0.92%

GLOBAL TRAFFIC RANK

187,093

MONTHLY RANK CHANGE

-18,223

MONTHLY RANK GROWTH

-8.88%

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