ComPay
ComPay is a Turkish payment gateway founded in 2013 that aggregates 20+ bank integrations and 36+ alternative payment methods (instant bank transfer, shopping credit, mobile wallet, digital vehicle loan) into a single API for 6,000+ merchants across online, physical, and POS channels.
- Company typePrivate
- Founded2013
- HeadquartersÜsküdar
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What ComPay does
ComPay Ödeme Çözümleri A.Ş. is a Turkish payment gateway operator founded in 2013 and headquartered in Üsküdar, Istanbul. The company aggregates 20+ Turkish bank and financial institution integrations (Vakıfbank, Ziraat, Halkbank, Garanti, ING, QNB, Yapı Kredi, Denizbank, Akbank, plus participation banks and fastPay) and 36+ alternative payment methods into a single platform, exposing them to merchants through one API. Its core technology redirects the end-customer to their own bank's secure internet or mobile banking page to complete payment, eliminating card data entry on the merchant site and consolidating flows such as instant bank transfer (Anında Havale), shopping credit installments (Alışveriş Kredisi), mobile wallet acceptance (Mobil Cüzdan), and digital vehicle loan disbursement (Dijital Taşıt Kredisi). The platform supports omnichannel acceptance across online stores, physical stores, cash registers/POS, and merchant mobile apps, and is used by 6,000+ merchants processing approximately 9 Billion TL in annual transaction volume.
The company's product portfolio is organized around the ComPay Ödeme Geçidi gateway plus four primary payment modules and four deployment-channel integrations. Notable flagship customers include Togg (Turkey's EV brand), Hepsiburada, n11, Migros, CarrefourSA, DeFacto, Samsung, Vatan Bilgisayar, Metro Türkiye, ETS Tur, Nesine, and Paycell. ComPay monetizes through a per-transaction commission on merchants (take-rate model positioned as up to 75% cheaper than credit card processing), with bespoke quote-based pricing and no public rate card. Distribution combines direct B2B sales with bank-led channel distribution and indirect distribution via PayU Türkiye and e-commerce platform partners (Ticimax, Index Grup, IdeaSoft).
ComPay is a privately held Turkish joint-stock company with 11-50 employees, founded by four co-founders (İrfan Aslan, Mine Kömüman, Celal Gürüçoğlu, Erman Çağıl). The company is operating on founders' equity supplemented by a small disclosed external round ($200,000 in April 2019 from Birlesik Odeme, Finberg, and Moka United). The business is entirely Turkey-domestic with no disclosed international operations, though the founders have articulated an international expansion vision. Self-positioned as "Türkiye'nin En Büyük Ödeme Geçidi" (Turkey's largest payment gateway), ComPay competes with iyzico and PayU in the alternative-payment-method aggregation niche.
ComPay firmographics
Firmographics- Name
- ComPay
- Legal name
- ComPay Ödeme Çözümleri A.Ş.
- Website
- https://compay.com.tr
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- ComPay is a Turkish payment gateway founded in 2013 that aggregates 20+ bank integrations and 36+ alternative payment methods (instant bank transfer, shopping credit, mobile wallet, digital vehicle loan) into a single API for 6,000+ merchants across online, physical, and POS channels.
- Ownership category
- akta.pro rank
ComPay industry classification
Industry- Product category
- Payment Gateway / Alternative Payment Processing
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Miscellaneous Business Credit Institution (6159), Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA)
- akta.pro secondary industries
- Merchant Acquiring & Processing Platforms (BPAMAFAB), Integrated Payment Processors (PSP/Acquirer) (FSAMABAA), A2A Checkout & Merchant Acceptance Solutions (FSAMAFAF), Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF)
Keywords
Where ComPay is headquartered
LocationHeadquarters
- HQ city
- Üsküdar
Offices1 record
Markets served
ComPay business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Merchant transaction commission (payment processing fees): ComPay earns a per-transaction commission from merchants for processing alternative payment methods (Instant Transfer, Shopping Loan, Mobile Wallet, Digital Vehicle Loan) on the platform. The company positions this as up to 75% cheaper than credit card processing commissions, suggesting a take-rate model priced below card interchange-based alternatives. Revenue scales with the 9 Billion TL annual transaction volume processed across 6,000+ merchants.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Quote-based, not publicly disclosed |
Go-to-market motion4 records
Distribution channels4 records
Marketing channels9 records
ComPay product offering
Product offeringCore offering
ComPay operates a payment gateway platform that aggregates integrations with 20+ Turkish banks and financial institutions and consolidates 36+ alternative (non-credit-card) payment methods into a single integration for merchants. The platform supports instant bank transfer (Anında Havale), shopping credit (Alışveriş Kredisi), mobile wallet acceptance (Mobil Cüzdan), and digital vehicle loan (Dijital Taşıt Kredisi) across online, physical store, cash register/POS, and mobile app sales channels. The core flow redirects customers to their own bank's secure internet/mobile banking page so merchants and ComPay never handle the customer's financial credentials.
Product overview
ComPay offers a single unified payment-gateway platform — the ComPay Ödeme Geçidi — under which it consolidates 36+ alternative (non-credit-card) payment methods from 20+ Turkish banks and financial institutions and exposes them to merchants through one integration. The portfolio is organised as a core platform plus four primary payment-method modules (Anında Havale / Instant Transfer, Alışveriş Kredisi / Shopping Credit, Mobil Cüzdan / Mobile Wallet, and Dijital Taşıt Kredisi / Digital Vehicle Loan) on top of the original 'ComPay Hesaptan Ödeme' account-based payment, all of which are reachable through four deployment channels: Online Mağaza Entegrasyonu (e-commerce), Fiziki Mağaza Entegrasyonu (in-store), Kasa Entegrasyonu (POS), and Mobile App Entegrasyonu (in-app). According to the company, the platform is used by 6,000+ merchants and processes 9 Billion TL in transaction volume.
Differentiator
Problem solved
Functional benefit
Products and services
- ComPay Ödeme Geçidi (ComPay Payment Gateway) Central payment gateway platform that connects online, physical, mobile-app, and cash-register/POS merchants to 20+ Turkish banks and financial institutions through a single integration, exposing 36+ alternative (non-credit-card) payment methods. Serves as the umbrella product under which Anında Havale, Alışveriş Kredisi, Mobil Cüzdan, and Dijital Taşıt Kredisi are offered.
- Anında Havale (Instant Bank Transfer) Instant-transfer payment solution that lets customers complete a bank transfer without manually entering recipient name or IBAN. Merchants receive real-time provisional credit and can fulfil orders without reconciliation. Marketed as offering 75%+ commission savings versus card payments.
- Alışveriş Kredisi (Shopping Credit / Installment Loan) Consumer-credit-based payment method that allows merchants to offer installment shopping to all customers regardless of credit-card ownership, available card limit, or bank account status. Positioned as offering 75%+ savings on transaction commissions versus credit-card payments and as a way to break through card installment caps.
- Mobil Cüzdan (Mobile Wallet Acceptance) Payment-acceptance module that lets merchants accept payments from the growing set of mobile wallets in Turkey via a single ComPay integration. Also enables co-marketing campaigns between merchants and mobile-wallet providers.
- Dijital Taşıt Kredisi (Digital Vehicle / Auto Loan) End-to-end digital auto-loan and instant-transfer solution tailored for online vehicle sales. Enables 24/7 disbursement from multiple banks without requiring the buyer to visit a branch, with the loan proceeds credited directly to the merchant's account, allowing online car sellers to offer the most advantageous vehicle-loan options from several banks in a single flow.
Quantifiable outcome
- Up to 75% reduction in transaction commissions compared with credit card processing (Alışveriş Kredisi, Anında Havale)
- +5 more outcomes
Companies that use ComPay
Customer profileNamed customers36 records
Segments6 records
Ideal customer profiles4 records
ComPay technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration20 records
Feature7 records
ComPay partnerships and signals
Strategic signalPartnerships
18 partnerships are on record, tiered flagship and core.
- VakıfbankflagshipDirect bank integration on the ComPay platform. Vakıfbank's internet/mobile banking is one of the channels through which end-customers complete alternative payment transactions (Instant Transfer, Shopping Loan, Digital Vehicle Loan). Listed as a bank partner on both the homepage and About page.
- Ziraat BankasıflagshipDirect bank integration enabling Ziraat customers to pay through their own banking channel. Among the largest Turkish banks in the integrated bank network.
- HalkbankflagshipBank partner with direct integration into the ComPay payment platform. Logo featured in the Banks section of the homepage.
- Garanti BBVAflagshipBank partner with direct integration; Garanti customers can complete ComPay-checkout payments through Garanti's secure internet banking.
- ING BankflagshipDirect bank integration; identified in the 2017 FintechTime interview as one of ComPay's target banks for that year.
- QNB (QNB Finansbank)flagshipDirect bank integration on the ComPay platform; logo featured in the Banks section of the homepage.
- Yapı KrediflagshipDirect bank integration; one of Turkey's largest private banks. Logo shown in the Banks section.
- DenizbankflagshipDirect bank integration; described in the 2017 FintechTime interview as one of the early bank partners added shortly after Akbank.
- Burgan BankcoreDirect bank integration; logo featured in the Banks section of the homepage.
- FibabankacoreDirect bank integration; logo featured in the Banks section of the homepage.
- Vakıf KatılımcoreDirect bank integration; participation bank in the ComPay bank network. Logo featured in the Banks section.
- Ziraat KatılımcoreDirect bank integration; participation bank in the ComPay bank network. Logo featured in the Banks section.
- Albaraka TürkcoreDirect bank integration; participation bank in the ComPay bank network. Logo featured in the Banks section.
- AkbankflagshipFirst bank partner on the ComPay platform; integration went live in December 2015. All Akbank Direkt (internet banking) customers can use "ComPay Hesaptan Ödeme" for online purchases at integrated merchants. Mentioned as the launch bank in the official press release.
- PayU TürkiyeflagshipStrategic distribution partnership: "önemli bir iş ortağımız olan PayU Türkiye networkündeki eticaret firmaları" — PayU Türkiye's merchant network gains access to ComPay's alternative payment methods, while ComPay gains indirect reach into PayU's e-commerce merchants.
- TicimaxcoreTechnology / platform integration partner: Ticimax, a Turkish e-commerce platform, is integrated with ComPay so merchants on Ticimax can easily enable ComPay's alternative payment methods. Logo shown in the partners section.
- Index GrupcorePartner shown on the ComPay Çözümleri page alongside Ticimax; integration/agency relationship supporting merchant onboarding.
- AtlasGlobalflagshipLaunch e-commerce partner (December 2015): ComPay's "Hesaptan Ödeme" was first used by Akbank Direkt customers to buy AtlasGlobal airline tickets online. The press release describes this as a Turkish first ("Türkiye'de bir ilki gerçekleştirerek").
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
ComPay competitors and assessment
Company assessmentDirect peers
- Param (Turkcell Ödeme): Turkish alternative-payments and e-money platform owned by Turkcell; aggregates bank-based and mobile-wallet payments for merchants and overlaps with ComPay's instant transfer and mobile wallet rails.
- iyzico: Leading Turkish payment processor acquired by PayU; offers card payments, installments, and alternative payment methods to the same enterprise merchants (Hepsiburada, n11, etc.) that ComPay serves. Directly competes for the alternative-payments check-out share.
- PayU Türkiye: PayU's Turkish payment gateway arm; both a strategic distribution partner for ComPay and a direct competitor offering a broader card-plus-alternative payments stack to e-commerce merchants in Turkey.
- PayTR: Turkish payment gateway that aggregates bank integrations and alternative payment methods for online and physical merchants; competes head-to-head with ComPay in the same merchant segment and Turkish SMB/mid-market.
- Sipay: Turkish payment gateway providing card and alternative payment methods to online and physical merchants; competes for the same checkout share ComPay targets, particularly in physical retail/POS.
- BKM Express: Interbank-issued digital wallet and payment platform in Turkey; directly competes with ComPay's account-based and mobile wallet payments as a bank-cooperative alternative.
Emerging players
- Craftgate: Turkey-rooted payment gateway offering multi-bank alternative payment aggregation for online merchants; comparable to ComPay's bank-redirect model but with a smaller bank network.
- Papara: Turkish fintech offering a popular mobile wallet and prepaid card; competes with ComPay's Mobil Cüzdan module for end-customer wallet share and merchant acceptance volume.
- Hepsipay: Payment arm of Hepsiburada, one of ComPay's marquee merchants; offers marketplace-native checkout plus general merchant services and overlaps with ComPay's alternative-payments proposition for Turkish e-commerce.
Broad incumbents
- Stripe: Global payments platform increasingly serving Turkish merchants with card and alternative-methods support; a broad incumbent that compresses pricing and product expectations for any local alternative-payments gateway like ComPay.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
ComPay social profiles
Digital presenceComPay financial estimates
Financial estimateRevenue estimate
Valuation estimate
ComPay leadership team
Management profileNumber of profiles
Profiles6 records
ComPay funding detail
Funding detailFunding overview
Funding rounds1 record
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ComPay M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ComPay
What does ComPay do?
ComPay operates a payment gateway platform that aggregates integrations with 20+ Turkish banks and financial institutions and consolidates 36+ alternative (non-credit-card) payment methods into a single integration for merchants. The platform supports instant bank transfer (Anında Havale), shopping credit (Alışveriş Kredisi), mobile wallet acceptance (Mobil Cüzdan), and digital vehicle loan (Dijital Taşıt Kredisi) across online, physical store, cash register/POS, and mobile app sales channels. The core flow redirects customers to their own bank's secure internet/mobile banking page so merchants and ComPay never handle the customer's financial credentials.
Is ComPay a public or private company?
ComPay is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was ComPay founded?
ComPay was founded in 2013. It employs 11 to 50 people.
Where is ComPay based?
ComPay is headquartered in Üsküdar.
How does ComPay make money?
One revenue line is on record: merchant transaction commission (payment processing fees).
Who are ComPay's main competitors?
Direct peers on record are Param (Turkcell Ödeme), iyzico, PayU Türkiye, PayTR, Sipay and BKM Express. Emerging players are Craftgate, Papara and Hepsipay. Stripe is listed as a broad incumbent.
Does ComPay have an API?
Yes. ComPay offers a single, easy partner/merchant-facing integration that connects merchants to all 20+ integrated banks and financial institutions on a single platform. The integration enables online stores, physical stores, cash register (POS) systems, and mobile applications to accept alternative payment methods (instant transfer, shopping credit, mobile wallet, digital vehicle loan) without requiring separate integrations per bank. Merchants do not need to enter recipient name, amount, or IBAN details; these are pre-populated automatically. Technical phone support is available. No specific authentication method, versioning, rate limits, or sandbox details are mentioned in the source. Developer documentation is at www.compay.com.tr/iletisim.
What industry is ComPay in?
ComPay's product category is Payment Gateway / Alternative Payment Processing. Its primary akta.pro industry code is FSAMACAA, Merchant Payment Gateways (API/Hosted Checkout), with a secondary code of BPAMAFAB, Merchant Acquiring & Processing Platforms. Its NAICS code is 52232 and its SIC code is 6159.