May 2024: Top five funding rounds of the month
FinTech Futures takes a look back at five of the top funding rounds to emerge during May.
Colendi
Turkey’s Colendi reportedly raises $65m Series B funding led by Citi
According to Bloomberg, the round takes the fintech’s valuation to around $700 million.
Colendi lands banking licence to become Turkey’s first digital deposit bank
As Turkey’s first digital bank, ColendiBank is aiming to reach 50 million customers regionally.
Colendi secures $150m credit facility from Fibabanka
The firm aims to provide new loan and investment opportunities for the underbanked.
Colendi raises $30m in Series A and plans UK expansion
Turkish micro-lending platform expands to new markets.
