PROJECT

Projects

Summary of Investment Information

Project Number

35828

Company Name

IYZICO ODEME HIZMETLERI A.S.

Date SPI Disclosed

Jan 16, 2015

Country

Turkiye

Region

Central Asia and Turkiye

Projected Board Date

Feb 20, 2015

Environmental Category

C - No Impact

Status

Completed

Last Updated Date

Jun 12, 2021

Department

TMT, Venture Capital & Funds

Industry

Financial Markets

Previous Events

Approved : Mar 2, 2015
Signed : May 21, 2015
Invested : May 27, 2015

Sector

Online payments, ecommerce payments

Project Description

Iyzico is a Turkish payment service provider (PSP) that offers ecommerce merchants an easy way to accept payments online plus various value added services such as analytics, fraud protection, and settlement. The Company was founded in May 2012 by two entrepreneurs who had previously worked at leading ecommerce payment companies in Europe. IFC is considering an equity investment of up to US$3m to help the company become of one the key payment service providers in Turkey.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation