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Turkish fintech MobileExpress has raised USD 2 million from Collective Spark

Istanbul: Turkish fintech Mobilexpress has raised $2 million in a Series round led by Istanbul-based Collective Spark, the startup announced in a statement to MENAbytes today. The investment also included participation of angel investors including Ali Kolaghassi, Tunç Mehmet Berkman, Deniz Doany, Careem’s former VP of Growth Emre Tok.

Mobilexpress claims to be one of the largest online payment platforms in Turkey processing nearly 10 million transactions per months with over 15 million cards tokenized on their systems.

The company that was started in 2011 is now led by Emre Guzer who previously co-founded and led PayU for Naspers. It is the country’s first and largest payment services provider.

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