Status: Active
Sector: Financial Technology (FinTech)
Industry: Digital Banking, Embedded Finance, Alternative Scoring, Micro Credit
Summary: As being one of the top Turkish fintech players, Colendi offers solutions across various categories, including installment and microcredit with a buy now-pay later model, serving more than 18 million users.
Company Overview: Colendi is a leading fintech company that delivers innovative financial solutions to empower individuals and businesses. Their services range from alternative credit scoring and buy now pay later (BNPL) options to instant payment solutions and comprehensive investment products embedded into other platforms. Colendi’s goal is to democratize access to financial services by using advanced technology and data analytics to offer personalized and inclusive financial products.
Business Model: Colendi operates as an Al-driven financial solutions hub that leverages data analysis to deliver secure, transparent, and efficient financial services. Their business model integrates cutting-edge banking services with modern fintech solutions, making them accessible to a broader audience. They provide APIs for seamless integration, enabling businesses to embed financial services into their own platforms. Colendi’s approach includes machine learning-based alternative credit scoring, microcredit options, and a digital credit marketplace that connects users with a network of merchants and financial institutions.
Product & Services:
- Alternative Scoring: Utilizes various data points and machine learning to create personalized credit scores for those without a traditional credit history.
- Buy Now Pay Later (BNPL): Allows consumers to make purchases and pay over time at low costs, enhancing purchasing power.
- Instant Payment Options: Facilitates quick and stress-free payments for daily purchases via QR code or digital wallet.
- Investment Platform: Provides tools for investing in precious metals, foreign exchanges, fractional stocks, and cryptocurrencies.
- Micro Credit: Offers interest-free micro loans with flexible repayment options.
- Business Solutions: Offers embedded fintech services and financial APIs that enable businesses to offer branded financial products.
Key People:
- Bülent Tekmen: Co-Founder & CEO
- Ian Hannam: Chairman
- Mihriban Ersin: Co-Founder
- Deniz Devrim Cengiz: Board Member, ColendiBank CEO
Investment & Growth Information: Colendi has established itself as a transformative player in the fintech industry by leveraging advanced technologies and strategic partnerships. Their innovative approach to financial services has attracted a significant user base and partnerships with over 1,000 merchants, enhancing their growth and market reach.
Important Links:
https://www.linkedin.com/company/colendi/