Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

Fintech company Colendi raises $65 million at $700 million valuation

CointimeCointime2024/05/22 14:07
By:Cointime

Turkish fintech startup Colendi has raised $65 million in new funding from investors, including Citigroup's venture capital division, at a valuation of $700 million. In addition to Citigroup's venture capital company (Citi Ventures), Migros Ticaret AS, Sepil Ventures, Re-Pie Asset Management, Finberg, and Hedef Holding also participated in the Series B financing. The Turkish banking regulator has approved Colendi's application to establish a digital bank in 2023. Tekmen stated that the oversubscribed Series B financing round provided the necessary funding to establish Colendi Bank.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Stake to earn
APR up to 10%. Always on, always earning.
Stake now!