Hayhay operates an electronic-money and payment-services platform that enables bill payments, bill-installment options, consumer loans, money transfers and other digital-wallet transactions. Users can earn up to 15% cash back on purchases from contracted brands. Over the last year Hayhay reported a 460% increase in transaction volume, 340% growth in revenue, and surpassed 800,000 users. Management says the company will accelerate R&D and commission new products and services following the investment. Hayhay has previously been active in the space, with an investment related to iWallet in 2022. Company leadership emphasizes serving individual users as well as SMEs and large enterprises and contributing to the Turkish economy.

Total raised

$18M

Funding rounds

1

Latest round

Equity

Latest activity

Aug 2024