Fintech
Turkish fintech Colendi raises funding at a valuation of $700 million
The Turkish fintech startup Colendi has raised $65 million in new funding from a group of investors including Citigroup Inc.the venture capital arm of at a valuation of $700 million.
Apart from Citi Ventures, Migros Ticaret ASSepil Ventures, Re-Pie resource management, Finberg AND Hedef Holding participated in the Series B round, according to Bulent Tekmen, co-founder and CEO of Colendi, formally known as Colendi Yapay Zeka ve Buyuk Veri Teknoloji Hizmetleri AS. Existing investors also took part in the round.