Turkey’s fintech startup Colendi raised $65 million in fresh funding from a group of investors including Citicorp North America Inc. at a valuation of $700 million.
Apart from Citicorp, Migros Ticaret AS, Sepil Ventures, Re-Pie Asset Management, Finberg and Hedef Holding participated in the Series B round, according to Bulent Tekmen, co-founder and chief executive office of Colendi, formally known as Colendi Yapay Zeka ve Buyuk Veri Teknoloji Hizmetleri AS. Existing investors also took part in the round, he said.
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