Revolut CEO joins $78m investment for fast-growing Sipay

Quick Summary:

The round was led by Elephant VC and with it, the Turkey-based firm has achieved a valuation in excess of $875m.

Storonsky was recently ranked as the 8th richest person in the UK according to Forbes’ 2025 Annual World’s Billionaires List, with a net worth of $7.9bn.

Peter Fallon, general partner at Elephant VC, added: “In today’s fast-evolving digital economy, seamless and secure payment solutions are more critical than ever.

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Article Details

Author / Journalist: Patrick Killeen

Category: InvestingBusiness

Markets: United KingdomTurkey

Topics: Investment FinTech

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-08 @ 15:42:34 (6 days ago)

News Timezone: GMT +8:00

News Source URL: businesscloud.co.uk

Language: English

Article Length: 367 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BusinessCloud

News ID: 27733764

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