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.
Company Size
201-500
Company Stage
Acquired
Total Funding
$24M
Headquarters
Istanbul, Türkiye
Founded
2013
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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.