Status: Exited
Sector: Fintech
Industry: Digital Payments, Financial Services, E-Commerce
Summary: Compay is an online payment platform in Turkey that enables users to make payments directly from their bank accounts without the need for a credit card. It connects online shopping sites with banks, allowing for secure and instant payments through the user’s internet banking interface.
Company Overview: Compay integrates various payment methods into a single platform, simplifying and speeding up digital payment processes for users and businesses alike. The platform is known for its user-friendly interface and high-security measures, making it particularly popular among e-commerce businesses.
Business Model: Compay generates revenue by charging a commission per transaction. Additionally, it offers subscription models for premium services and integrations. The startup also diversifies its revenue through partnerships and strategic collaborations with businesses.
Product & Services:
- Digital Wallet: Allows users to consolidate different payment methods in one platform.
- Payment Gateway: Provides secure and fast payment solutions for e-commerce sites.
- Mobile App: Enables users to make payments easily via their mobile phones.
- Bill and Subscription Management: Simplifies bill payments and subscription tracking for users.
Key People:
İrfan Aslan: Founder & Managing Partner
Investment & Growth Information:
Since its inception, Compay has continued to grow through various funding rounds. In its latest Series A funding round, the company secured $10 million. These investments are being used to support product development and international market expansion strategies.