Craftgate raises Series C+ led by Turkven to expand payment orchestration | VeilStrat

Craftgate Closes Series C+ Round

Craftgate, an Istanbul-based payment orchestration platform, has raised a Series C+ round led by Turkven. Turkven is the sole investor listed in the round. The funding amount was not disclosed.

What Craftgate Does

Craftgate lets businesses accept online payments through a single integration to banks, payment and e-money institutions, and alternative or international payment methods. Its product set includes smart payment routing, payment retry and autopilot POS management, which the company says help merchants raise payment success rates, cut processing costs and run leaner operations.

Scale and Reach

Founded in 2020, Craftgate serves more than 500 merchants across retail, tourism, e-commerce and insurance. The company has expanded from Türkiye into Spain.

Deal Context

Round: Series C+
Lead investor: Turkven
Investors: Turkven
Funding date: October 12, 2026
Headquarters: Istanbul
Amount: Not disclosed

The Series C+ designation indicates a follow-on to a prior Series C round, with Turkven leading the transaction. The capital comes as Craftgate continues its geographic expansion beyond its home market in Türkiye.

Why It Matters for Acquirers

Payment orchestration is an infrastructure layer that sits between merchants and a fragmented set of payment providers. Craftgate's single-integration model and routing, retry and POS management tools address operational metrics that merchants track closely: authorization rates and processing costs.

Its merchant base spans retail, tourism, e-commerce and insurance, giving the company exposure to multiple verticals with distinct payment flows. The move into Spain signals an intent to replicate its Türkiye model in European markets.

For strategic buyers in payments or merchant acquiring, Craftgate offers a regional orchestration platform with an established merchant footprint and an early international presence. The involvement of Turkven, a Turkey-focused private equity investor, as lead is notable for a growth-stage payments infrastructure company.