| Founded | 2018 |
|---|---|
| Closed | 2022 |
| Country | Turkey |
| Sector | Fintech |
| Collapse type | Sudden Collapse |
| Founder | Emre Karadag |
Credy
"Turkey's lira freefall in 2021 wiped out Credy's entire loan book overnight."
Unexpected shutdown within weeks of a trigger
Key Events Timeline
Credy, an Istanbul-based SME lending fintech backed by $8M from regional VCs, was destroyed by Turkey's hyperinflation crisis.
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