Sipay provides an integrated fintech platform for Turkish merchants and consumers that combines virtual and physical POS terminals, digital wallet services, and money‑transfer capabilities into a single cloud‑based ecosystem. The solution offers real‑time settlement, AI‑driven fraud protection, and APIs or plugins for quick e‑commerce integration, while also enabling users to manage payments, bill payments, and micro‑investments such as gold and silver from one mobile app.
Funding
$78M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
EFounders
Product
Problem
Businesses and consumers in Turkey often need to manage multiple financial services—online payments, point‑of‑sale transactions, money transfers, and digital wallets—through separate providers, leading to fragmented workflows, higher integration costs, and slower cash flow.
Solution
Sipay offers an integrated fintech platform that consolidates payment acceptance, money transfer, and digital wallet services into a single, cloud‑based ecosystem. Merchants can use Sipay’s virtual POS or next‑generation physical POS terminals to receive 24/7 online and in‑store payments with PCI‑DSS and AI‑driven fraud protection. Individuals access the Sipay digital wallet for instant transfers, bill payments, and investment in gold and silver, all managed from one mobile app. The platform provides APIs and ready‑made plugins for popular e‑commerce systems, enabling rapid integration and real‑time settlement, while transparent pricing and low commission rates keep costs predictable.
Target Audience
Primary customers are Turkish e‑commerce merchants, brick‑and‑mortar retailers, and fintech‑enabled brands that require unified payment acceptance and digital wallet capabilities, as well as individual consumers seeking a single app for transfers, bill payments, and micro‑investments.
Features
- Virtual POS and physical POS terminals with 3D Secure, PCI‑DSS compliance, and AI fraud detection, supporting all major card schemes and installment options
- Sipay digital wallet for instant domestic transfers, FAST integration, Sipay IBAN accounts, and open‑banking account aggregation
- Investment module allowing users to buy and sell gold and silver directly within the wallet
- Walletgate service that lets brands launch branded digital wallets without handling licensing or compliance themselves
- Unified merchant dashboard and Business Panel for real‑time transaction monitoring, reporting, and multi‑account management
- Ready‑made integration modules for WooCommerce, Shopify, OpenCart, and API access for custom solutions
- 24/7 customer support and transparent fee structure with no hidden setup or monthly charges