End to End Business Startup Solution Mükellef Raises $1 Million Seed Funding at $21 Million Valuation

Mükellef, a Turkish startup that is an end-to-end business startup solution, has raised $1 million at a $21 million valuation, according to a statement from the company.

Investors, including Finberg, Oyak Portföy, Colendi, hiVC, and Agah Uğur.

Okan Şafak, founder of Mükellef, said the funding will strengthen their position while aiding growth. Şafak explained he realized that company creation could leverage technology while working on a project in which he registered more than 3500 companies in a period of 2 days in 2018. Shortly after that, he launched Mükellef as an online platform that aims to make the life of entrepreneurs easier when setting up a business and managing all subsequent financial processes.

According to its website, Mükellef offers services in Turkey, Estonia, the UK and the USA. The growth in entrepreneurship and the gig economy is a trend that will support the business model.“

“Based on this trend, we offer services at Mükellef to meet all the needs of individual entrepreneurs who want to operate in the US, the UK, Turkey, and as well as the EU through Estonia. In Q1 of this year, we doubled the number of customers that want to incorporate a business with our team of 50,” said Şafak.  “We aim to develop our services further and strengthen our position in the market, thanks to our strong business partners such as Wise, American Express, KPMG, and Mercury Bank. Furthermore, we plan to expand to Canada, the Netherlands, Singapore, Malta, Montenegro, and Hungary by the end of 2022 and offer our services to thousands of people who want to incorporate a business in these countries.’’

In 2022, Mükellef reportedly supported users from 96 countries on issues related to immigration, finding investors, and getting paid in foreign currency by selling products or exporting services in global markets.

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