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Colendi (founded in 2017) is an Anglo-Turkish[1][2] banking-as-a-service (BaaS) fintech[3] company,[4] headquartered in Istanbul, Turkey.[5]
History
editColendi's chairman is Ian Hannam, a former chair of JP Morgan Cazenove.[6]
In 2023, Colendi was authorized by Turkey's Banking Regulation and Supervision Agency (BRSA) to open Turkey's first digital deposit bank.[5][7]
In 2024, Colendi officially launched ColendiMind.[8][9] Colendi AI plans to open a Middle East and Africa regional office in early 2025.[citation needed]
Colendi's valuation has increased to $700 million after raising $65 million[10] in a Series B fundraising round.[11][12][13]
There are currently 17 million users of Colendi in Turkey.[14]
References
edit- ^ "Anglo-Turkish fintech Colendi launching Turkey's first digital deposit bank". www.intellinews.com. 2023-08-22. Retrieved 2024-10-29.
- ^ "Turkish Fintech Colendi Raises Funds at $700 Million Valuation". Bloomberg.com. 2024-05-22. Retrieved 2024-10-29.
- ^ "Colendi secures $150m credit facility from Fibabanka".
- ^ "APO Archives". Journal de Brazza (in French). Retrieved 2024-10-29.
- ^ a b "Turkey's Colendi reportedly raises $65m Series B funding led by Citi".
- ^ Insights, Ledger (2022-06-24). "Citi backed blockchain firm SETL acquired by Turkey's Colendi". Ledger Insights - blockchain for enterprise. Retrieved 2024-10-29.
- ^ "Regulator issues new banking licenses - Latest News". Hürriyet Daily News. 2023-08-07. Retrieved 2024-10-29.
- ^ "Colendi AI unveils new AI platform for finance and banking sectors". My Startup World - Everything About the World of Startups!. 2024-09-24. Retrieved 2024-10-29.
- ^ WallStreet, Kenyan (2024-09-19). "Turkish Fintech Colendi Launches AI Solution, Plans Africa Expansion". Kenyan Wall Street - Business, Markets & Finance Insights. Retrieved 2024-10-29.
- ^ Sırt, Timur (2024-05-24). "Turkish fintech achieves $700 million valuation with fresh funding". Daily Sabah. Retrieved 2024-10-29.
- ^ "Turkish Digital Bank Colendi Secures $700M Valuation with Series B Funding". www.financemagnates.com. 23 May 2024. Retrieved 2024-10-29.
- ^ jhaxell (2024-05-23). "Turkish FinTech Colendi secures $65m funding round led by Citi Ventures". FinTech Global. Retrieved 2024-10-29.
- ^ "Turkish fintech Colendi raises $65M, eyes $1B valuation — TFN". Tech Funding News. 2024-05-23. Retrieved 2024-10-29.
- ^ "Turkish fintech startup Colendi completes Series B funding at $700 million valuation". Binance Square. Retrieved 2024-10-29.