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Turkey's Sipay raises $78 million

Turkish emebedded finance fintech Sipay has raised $78 million at a valuation of $875 million. The round was led by Elephant VC, with participation from Revolut co-founder Nik Storonsky’s VC firm, QuantumLight. It is Sipay's seond fund raise after securing a $15 million Series A funding round in June 2024,…

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