TypiPay

TypiPay - rossiyskoKazakhstan fintechstartup-, developing a free application that combines the functions of the bank, social networks and. messenger The service allows you to exchange messages, send media files, make calls. Each user is given a non-personalized virtual debit card based on, Visa which, if desired, can be personalized to enhance usage.

History

2021: Service launch in Russia, raising $500 thousand

At the end of June 2021, the TypiPay service announced its launch in Russia, and also announced the attraction of $500 thousand in investments. According to the results of the financial transaction, the startup was valued at $5 million, which is twice as much as a year earlier. The investor was Kazakh business angel Erlan Issekeshev.

To work in the Russian market, the company TypiPay entered into a partnership agreement with the Moscow Industrial Bank and the open banking platform APIBank, with the help of which payment cards are issued.

Russian-Kazakh fintech startup TypiPay raised $0.5 million and was launched in Russia

We are more builders of the social network, so we are going to collaborate with banks... In the future, we see that we will have one "anchor" partner bank in each region, to whom we can essentially lead the audience, "explained Batyrzhan Ismukhambetov, Director General of the TypiPay.

By the end of June 2021, the TypiPay service is positioned as absolutely free for users: it does not have advertising, paid subscriptions and commissions when translated inside the platform. At the same time, there is a standard fee when making transfers to other bank cards. In the Russian Federation, the service issued more than 23 thousand debit cards, while by the end of June 2021 it is at the stage of beta testing.

According to the developers, Typi works faster than many instant messengers that are present in the market.^[1]

2020: Raising $250,000

In 2020, the TypiPay service attracted investments of $250 thousand with an estimate of $2.5 million.

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