Colendi, the largest FinTech service provider in Turkey, has reached an agreement with Fibabanka, which has agreed to open a $150 million strategic credit line to Colendi users. With this agreement, Colendi will continue to provide opportunities to more than 10 million people.

London, United Kingdom October 06, 2022 –(PR.com). With this agreement, Colendi will continue to provide opportunities to more than 10 million people.

Colendi, the fastest growing FinTech company in Turkey, has formed a strategic alliance with Fibabanka, one of the country’s leading banks in the banking ecosystem. As part of its partnership with Fibabanka, Colendi has secured a line of credit totaling up to $150 million. Colendi will continue to offer its users opportunities with new products and services in the areas of payment, credit and investment services thanks to the funding provided by Fibabanka.

Bülent Tekmen, CEO of Colendi Global, stressed the importance of the strategic credit line agreement between Colendi and Fibabanka. “With this facility, we offer greater benefits to our customers. We have arranged a line of credit worth about $150 million with Fibabanka to be used by Colendi users. By signing this agreement, Colendi and Fibabanka have also become partners. As Colendi, we develop innovative lending and investment opportunities for our 10 million users and create various services based on algorithms, merging new generation financial technology solutions with artificial intelligence and big data. We achieve this in cooperation with platform partners and strategic business partners. With the support of the line of funding we received from Fibabanka and in cooperation with our business partners, we can offer our users new opportunities on our platforms. Our rapid growth will…