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Overview
Iyzico provides a Turkish online payments gateway that lets merchants accept multiple payment methods (credit cards and bank installment options) through a single integration. Its platform uses a unified integration with fraud-detection powered by machine learning to protect merchants and customers, and for marketplaces it handles escrow and fund splitting between vendors. Compared with peers, it focuses on Turkey with a single gateway covering many banks and payment options, plus built-in marketplace management, and it later leveraged PayU’s global reach after acquisition. Its goal is to help e-commerce merchants of all sizes grow online sales by simplifying payments, improving conversion rates, and providing a secure, scalable payments infrastructure.
About iyzico
Industries
Data & Analytics
Fintech
Financial Services
Company Size
201-500
Company Stage
Acquired
Total Funding
$24M
Headquarters
Istanbul, Türkiye
Founded
2013
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Simplify's Take
What believers are saying
- Paynet's integration started January 1, 2026, expanding enterprise and marketplace coverage.
- iyzico's March 12, 2026 Tencent Cloud partnership supports European expansion and production scale.
- Its 110,000-plus merchant website claims and 1 million daily transactions signal strong merchant retention.
What critics are saying
- PayTR, Stripe Turkey, and Param compress pricing; gateway fees become a commodity by 2027.
- Turkey's Central Bank approval gates expansions; regulatory delays can freeze product launches and acquisitions.
- If merchants migrate to cheaper embedded payments, iyzico loses volume and brand relevance.
What makes iyzico unique
- iyzico serves 185,000 merchants and exceeds 300 billion annual transaction volume in 2026.
- Its Paynet acquisition added B2B and B2B2C payment rails on February 13, 2025.
- Tencent Cloud named iyzico a platform for virtual, in-store, and supplier-network payments.
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Funding
Total Funding
$24M
Below
Industry Average
Funded Over
6 Rounds
Benefits
Health Insurance
Meal Benefits
Phone/Internet Stipend
Commuter Benefits
Flexible Work Hours
Mental Health Support
Company News
iyzico, the Turkish fintech company providing payment solutions to over 30,000 merchants including Amazon, H&M, Zara and sahibinden.com, has been acquired by global fintech company PayU in a $165 million deal. PayU, a subsidiary of Naspers, will be buying a majority stake in iyzico, founded in 2013 and the brainchild of Barbaros Özbuğutu and Tahsin Isın.
Turkish fintech Iyzico is set to acquire Paynet, a B2B and B2B2C payment solutions provider headquartered in Istanbul, from parent company the Arena Group in a deal worth $87 million.
iyzico is to acquire Paynet from Arena Group in a deal worth around $87m.
iyzico, an Istanbul, Turkey-based financial technology company, acquired Paynet, a provider of B2B payments and collections services in the Turkish fintech landscape, for USD87M from Arena Group.
iyzico and Patika have launched a Front-end Practicum to strengthen aspiring women programmers in front-end web development, one of the most demanded fields in tech.
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About iyzico
Industries
Data & Analytics
Fintech
Financial Services
Company Size
201-500
Company Stage
Acquired
Total Funding
$24M
Headquarters
Istanbul, Türkiye
Founded
2013
There are no jobs for iyzico right now.
Find jobs on Simplify and start your career today