Amadeus Capital Partners has joined a Series C investment round of USD15 million in Turkish online payment specialist iyzico.
Earlier this year, iyzico announced the Series C investment led by Vostok Emerging Finance, along with current investors, International Finance Corporation (IFC) and 212 from Turkey.
Jason Pinto, partner, Amadeus Capital Partners, says: “The fast-growing Turkish economy is underpinned by strong consumer spending with a high proportion of this spend transacted with payment cards. Merchants must cater to this market need with sophisticated card acceptance systems. We are excited about iyzico’s opportunity to address this demand with its modern, easy-to-integrate and fast-evolving payment system.”
Barbaros Ozbugutu, iyzico CEO, adds: “Amadeus Capital Partners investment brings with it valuable experience in supporting high-growth companies in emerging markets. Their backing will accelerate our progress to becoming the ‘payment champion’ of the Middle East based on our ambition to democratise financial services in the region.”
