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Turkey’s Sipay raises $78M to expand its Stripe-like services into emerging markets
- Turkish Fintech Sipay has raised $78 million in a Series B funding round, valuing the company at $875 million.
- Sipay plans to expand into markets outside of Turkey and offer services such as remittances.
- The funding round was led by Elephant VC, with participation from QuantumLight.
- Sipay's all-in-one app has 6.3 million wallet users and 25,000 registered merchants.
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