Colendi was founded to empower every individual regardless of gender, background, financial position, banked or unbanked to give them financial freedom and financial inclusion through simple, easy-to-use products.
Colendi provides embedded fintech services that democratize banking services for consumers, merchants, financial and non-financial institutions to overcome the limitations associated with the legacy banking.
Mihriban Ersin Tekmen, Co-Founder & Turkey CEO
Re-Pie Asset Management
Colendi raises $30m in Series A and plans UK expansion
“The firm has reached a valuation of $120 million following its Series A, and plans to use much of its new funding to focus on that geographic expansion starting in London.
Colendi aims to offer decentralised credit scoring and microcredit services. The firm also offers its platform as a white-label solution based on distributed ledger technology (DLT). It says it has helped 2.4 million customers across 1.6 million transactions in its first eight months of full operations.”