Tagged: turkey

Embedded Fintech Platform Colendi Acquires London’s Enterprise Blockchain Firm SETL

Colendi, the embedded Fintech services platform in Turkey and surrounding regions, announced its acquisition of London-based blockchain settlements and payments provider SETL. Launched in 2015, SETL claims to be one of the leading enterprises blockchain companies “known for its high-profile work with selected Central Banks… Read More

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… Read More

Turkish Investment Platform fonbulucu Plans Expansion in Germany to Offer Crowdfunding Services

Global Kitle Fonlama Platformu A.Ş., parent company of crowdfunding platform fonbulucu, reports that it has raised €1 million in growth capital. The funding was provided by Efe Duran Sarıkaya, the founder of Germany-based Kloepfel Consulting Company purchasing a 10% ownership stake. The company says that Efe… Read More

Fintech Sector in Turkey Continues to Grow Steadily with $64M in Investments Secured in 2021

The Istanbul Financial Center (IFC) has been able to attract many Fintechs during the past year. Turkey‘s Fintech industry has continued to develop with over $64 million in total investments being channeled towards various initiatives, according to an official report cited by the Daily Sabah…. Read More

Garanti BBVA Provides its Corporate Clients the Ability to Upload Financial Data via Internet Banking

Taking a leading role in the sector with its innovative solutions in virtual banking, Garanti BBVA has implemented the Document Upload function for their corporate clients where they are able to add their financial data from Corporate Internet Banking. With this new function, Garanti BBVA… Read More

Payguru Has Partnered with Iyzico to Offer Digital Wallet Top Ups in Turkey

Payguru has introduced a new use case for Direct Carrier Billing (DCB) in partnership with Iyzico, a provider of virtual Point of Sale solutions (POS) in Turkey.Payguru is a TPAY MOBILE company – a firm that provides payments across the Middle East, Africa and Turkey…. Read More

Azimo and United Payment Partner on Transfers to Turkey

Azimo, a digital money transfer service, has announced the launch of an instant remittance service to Turkey. The feature is being made available by a partnership with United Payment, a leading payments service provider in Turkey. The new service will allow Azimo customers living in… Read More

Turkey based Colendi, a Micro Lending and Credit Scoring Fintech, Secures $30M via Series A

Turkey-headquartered Colendi, a micro lending and credit scoring Fintech firm, has acquired $30 million in capital via a Series A round. Colendi’s investment round has been led by Re-Pie Asset Management Company, a Turkey-based alternative asset management company. The funding has been provided via Re-Pie’s… Read More

Bitcoin has Given Investors in Emerging Markets Access to a High-Performing Asset: Report

2020 was a really important breakout year for Bitcoin (BTC), as an influx of institutional capital “spurred” the digital asset to set new all-time highs, Chainalysis notes while pointing out that many individuals and countries may have benefited from the booming prices in the crypto… Read More

Turkish Authorities to Apply AML and Terrorism Financing Regulations to Cryptocurrency Transactions

Turkey has reportedly decided to add digital currency trading platforms to its list of companies that will come under the nation’s anti-money laundering (AML) and terrorism financing regulations. This, according to a presidential decree that was released on Saturday (May 1, 2021). The Official Gazette… Read More

Turkish Regulators are Working on Updating Crypto Regulations, as Another Major Exchange Faces Major Issues

Crypto investors in Turkey have been dealing with major issues lately. Another major digital currency exchange has collapsed in the country and its CEO is being detained by authorities. Turkish crypto exchange Vebitcoin has suspended its operations and claims that it decided to do so… Read More

Turkey Bans Crypto From Being Used in Payments & Transfers

Earlier today, the official newspaper of Turkey published new regulations issued by the Central Bank of Turkey. According to the new rules, crypto-assets may no longer be used as a form of payments or transfers as of April 30, 2021. According to Reuters, Ahmed Faruk… Read More

Fintech OpenPayd Founder Dr. Ozerk has Developed “Super App” for High-Quality Financial Services

It’s not easy to enter the highly competitive space of financial “super apps.” Companies or businesses usually spend a long time acquiring the appropriate licenses and developing relevant products and services that can address the strict requirements of regulators. Although these time-consuming processes can lead… Read More

Crypto.com Releases Turkish Version of Mobile App & Exchange

Hong Kong-based cryptocurrency platform Crypto.com recently announced the release of the Turkish version of the mobile app and exchange. The crypto portal’s app and exchange already support French, Spanish, Korean, Italian, Portuguese, and Chinese. As previously reported, Crypto.com serves more than three million customers by providing… Read More

Ray Youssef: CEO at P2P Bitcoin (BTC) Exchange Paxful Says Platform Aims to Onboard 2 Million Users by End of 2020

We recently connected with Ray Youssef, the CEO at Paxful, a leading peer to peer Bitcoin exchange, which reported a 274% increase in new registrations in Turkey, during the past year, on its platform. There was also an average of $65,000+ in monthly trade volume… Read More

Dubai’s Tpay Mobile Acquires Payguru, a Turkish Payments Company that Supports Mobile Transactions

Dubai-based Tpay Mobile, a mobile payment provider, has reportedly acquired Payguru, a Turkish payments company. The amount paid for the acquisition has not been disclosed. Payguru supports mobile payments, ATM cash payments, and standard bank transfer services. The company has integrated its platform with three… Read More

Turkish Stablecoin BiLira to Launch on AVA, an Open-Source Blockchain Platform for Creating DeFi Apps

The Turkish stablecoin BiLira will reportedly be launching on AVA, an open-source platform for building and deploying decentralized finance (DeFi) apps and enterprise-grade blockchain solutions that can be run in “one interoperable, highly scalable ecosystem.” The AVA Labs team says that the new stablecoin should… Read More

Turkey’s Digital Invoice Financing Fintech Figopara Secures $1 Million in Capital via Second Funding Round

Turkish Fintech firm Figopara confirmed on May 7, 2020, that it has secured $1 million in funding from its second investment round. Existing investors World Bank’s International Finance Corporation (IFC) and Turkish angel investor Revo Capital took part in Figopora’s latest round. Founding partners Ahmet… Read More

BBVA’s Turkish Unit Garanti BBVA Implements Proactive Measures to Address Coronavirus Pandemic

Garanti BBVA, BBVA’s Turkish unit, announced on Monday it is responding to the coronavirus pandemic by implementing a series of proactive measures in order to address the outbreak, which has affected nearly 180 countries throughout the world. Garanti BBVA reported that the new measures are… Read More

Cryptocurrency Exchange Binance Partners Major Turkish Bank Akbank to Launch Fiat On-Ramp for Turkish Lira

Malta-based crypto asset exchange Binance recently revealed that its fiat on-ramp for the Turkish Lira has officially launched.  Binance has teamed up with Akbank, one of the largest banks in Turkey, in order to introduce the new fiat gateway. Binance’s users in Turkey now have… Read More

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