Tallinn-based fintech Money.Industries raised investment at the valuation of $1,5M

Tallinn-based fintech Money.Industries raised investment at the valuation of $1,5M from Azerbaijani Caucasus Ventures, and entrepreneurs from Turkey, Hasan Jabbarov, and Sabrican Zaim.

Founded by Kutay Yalınkılınç in 2023, Money.Industries is a partner network and a solution for financial institutions and fintech companies to transfer money internationally without help from banks and incorporation in global markets.

Money. Industries's payment network connects local payment systems from around the world so fintechs can make corporate or individual payments to users' bank accounts, cards, physical payment points, and wallets, in Central Asia, Eastern Europe, Turkey, Africa, and the Middle East.

Caucasus Ventures is an early-stage investment company from Baku. It invests with the help of a $6.6M fund in tech entrepreneurs from the Caucasus, Central Asia, and Eastern Europe. The average ticket per startup ranges from €50K to €100K. The general partner of the company is Mammad Karim.