The Beenos-backed online payment services provider expanded from Turkey into Iran in 2016 and will use the series C funding to move into new markets.
Iyzico, a Turkey-based online payment services provider backed by e-commerce firm Beenos, has closed a $13m series C round led by investment firm Vostok Emerging Finance.
The round also featured venture capital fund 212 and International Finance Corporation (IFC), the private investment branch of the World Bank.
Founded in 2013 as Iyzi Payments, Iyzico provides payment services to online businesses such as e-commerce platforms. It has more than 8,500 active merchants and 160,000 seller accounts across its markets.
The round…
