MV Holding, Revo Capital become partners with Cardtek

Cardtek said it will strengthen its presence in North America, Europe, Middle East and Asia-Pacific with the equity investment made by MV Holding and Revo Capital .

MV Holding, founding partner of Turkey´s leading GSM operator (NYSE: TKC / BIST: TCELL), and Revo Capital, Netherlands-based technology fund, have become 24 percent shareholders in Cardtek.

Cardtek is currently providing payment technologies and services to more than 150 customers in 25 countries, including banks, processors, telecom operators, retail and public transit services. With this investment, the company will further strengthen its presence in North America, Europe, Middle East and Asia-Pacific.

Cardtek, a global payment processing solution provider, was founded in 2001 to meet the growing demand for easier, faster and more secure payment technologies.

MV Holding is co-founder of Turkcell, the leading GSM operator of Turkey and the region, and founder and major shareholder of KVK, the leading mobile phone distributor of Turkey.

Revo Capital is a Netherlands-based USD65M venture capital fund that invests in truly innovative early-stage technology ventures in Turkey and the region.