iyzi Payments’ investors include Pachicle Invest, a group of international payment experts, Speedinvest, an angel fund based in Austria and Netprice.coms subsidiary Beenos Asia. Following the investment, Stefan Klestil from Pachicle Invest and Oliver Holle, Speedinvest CEO, will join the Board of iyzi Payments. The company has revealed plans to use the new capital to grow its presence in Turkey.
iyzi Payments has launched its first product iyzico in April 2013, providing a new method to implement card payments for e-commerce companies. With iyzico payment platform, merchants can host their payment solution themselves and still be PCI-compliant. To customise the payment process, a library of ready-made widgets is available, which can be adapted to the merchant’s own specifications.
iyzi Payments was established in 2012 in Istanbul, by Barbaros Özbugutu and Tahsin Isin, who have previous experience in leading European e-commerce companies such as First Data, ClickandBuy and Klarna.
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