Mobilexpress sells 15% equity stake to Collective Spark

07 July 2020

On July 7, 2020, fintech company Mobilexpress of Istanbul, Turkey, completed the sale of a 15% equity stake in the company to Collective Spark Fund B.V., a limited liability company under the laws of the Netherlands with an office in Istanbul. The initial consideration was US$2 million.

Mobilexpress, a payment and e-money services provider, has one of the largest online payment platforms in Turkey, processing nearly 10 million transactions a month.

Mehmet Komurcu of Gowling WLG advised Mobilexpress with respect to this transaction.


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