Money.Industries, an intermediary to provide cross-border services to local fintechs, has received its first investment. According to the information provided by Money.Industries, the startup received an investment worth 1.5 million dollars. Along with Caucasus Ventures, Sabrican Zaim and Hasan Jabbarov participated in Money.Industries' investment round worth 1.5 million dollars. Money.Industries, which enables fintech startups to transfer money internationally without the need for banks and access to global markets, was founded in Estonia by Kutay Yalınkılıç.
Money.Industries enables companies to make corporate or individual payments to users' bank accounts, cards, physical payment points and wallets in markets such as Azerbaijan, Central Asia, Eastern Europe, Turkey, Africa and the Middle East, without the need for any data collection or infrastructure.
Stating that Money.Industries offers a ready-made solution that will accelerate the access of financial technology companies to globalization and different markets, the founder and CEO of Money.Industries, Kutay Yalınkılıç, expressed his gratitude to his investors who believed in and supported his valuable proposals.
Adding that they will focus on accelerating the globalization steps of local fintechs with the infrastructure provided by Money.Industries, Yalınkılıç said that in this way they will pave the way for large companies to expand all over the world, and at the same time, they will create a foundation for small companies to act together with big players.
