Mobilexpress has raised USD 2 million in a Series A financing round led by Collective Spark.
Mobilexpress is an online payment platforms processing nearly 10 million transactions per month and having more than 15 million cards tokenized on its systems. Mobilexpress offers AI backed services such as online payment gateway, smart transaction routing, card storage, cross border services and anti-fraud to businesses and users over its existing platform integrated to all banks and payment service providers that may require such services. The company also develops tailor-made solutions for Turkey-based ecommerce, retail, insurance, and telecom companies.
Open Banking, PSD2, new generation payment systems and other solutions that can be offered by Mobilexpress are likely to become advantageous for unbanked businesses that aim to grow but have been unable to do so in recent years. It is observed that banks have started to cooperate with fintechs and paved the way for growth of businesses, helping them scale successfully in recent years.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now