Istanbul-based payment orchestration platform Craftgate secures $1m funding

Istanbul-based payment orchestration platform Craftgate secures $1m funding

Craftgate Technology, known as the “One-Stop Shop” payment orchestration platform, has recently announced a new round of funding.

The company secured a USD 1m investment from the renowned Turkish e-commerce platform, D-MARKET Electronic Services & Trading, trading as “Hepsiburada” (NASDAQ: HEPS) and D4 Ventures, a respected UK-based venture capital firm.

Located in İstanbul, Türkiye, Craftgate simplifies e-commerce by enabling companies to effortlessly integrate and manage virtual POS from all banks. The company covers a plethora of services including multiple payment and e-money institutions, international and alternative payment methods.

Notably, Craftgate’s solutions span from virtual POS payment, e-money integration, dynamic payment routing, card storage, one-click payment, to closed-loop wallets, payment through link and QR codes, and more.

The fresh injection of capital is anticipated to pave the way for Craftgate to delve deeper into expanded growth and marketing ventures.

Highlighting the significance of this investment, Hakan Erdogan expressed confidence in the move solidifying their positioning in the e-commerce related payment solutions sector.

Craftgate CEO Hakan Erdoğan shared, “We believe that Türkiye has an immense potential in fintech services with its young and tech-savvy population, entrepreneurial spirit and high financial inclusion.

“Since 2007, we have been working on payment systems with a passionate team, a successful product and a strong technological infrastructure. We know very well the dynamics of the banking system and infrastructure providers and we provide solutions to the problems experienced in this great ecosystem with extensive R&D studies.

“We are growing rapidly day by day with the strength of our investors, such as Hepsiburada and D4 Ventures, who believe in our payment systems experience and product, and we move forward with the goal of becoming global. I think this partnership with our new investors will further reinforce our strength”

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