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Turkish fintech co Colendi attracts $30 mln investment - report

Turkish fintech co Colendi attracts $30 mln investment - report Author: Ken Teegardin. Licence: Creative Commons, Attribution-ShareAlike 2.0 Generic.

ANKARA (Turkey), September 24 (SeeNews) - Turkish financial technology company Colendi has received a Series A investment of $30 million (25.6 million euro) through a valuation of $120 million, thus becoming the local startup that has attracted the largest amount of Series A investment so far, local media reported.

With this investment, the company has a chance to move its headquarters to the UK and become an international company, Anadolu Agency reported last week.

Of the total investment, $12 million came from Istanbul-based financial company Re-Pie, which targets startups with the potential of becoming a unicorn.

Colendi, founded in 2016, helps consumers, merchants, and financial institutions with its first bank-independent Credit Scoring, Micro Credit and financial services platform, according to the company's LinkedIn profile.

($ = 0.853801 euro)