Tagged: turkey

June 21, 2026 @ 1:26 pm By Omar Faridi  |  

Istanbul-based fintech company Midas has submitted an application to Turkey’s central bank for an electronic money institution license. The filing marks the start of its push into consumer payment services, with plans to introduce a digital wallet and prepaid card features. Founder Egem Eraslan outlined… Read More

June 3, 2026 @ 3:18 am By Omar Faridi  |  

Ripple Labs, a key player in blockchain solutions for finance, has unveiled new collaborations that introduce its USD-backed stablecoin, Ripple USD (RLUSD), to institutional users across Turkey. Announced recently this month, the initiative involves alliances with three key local platforms: BiLira, Bitexen, and Bitlo. This… Read More

March 29, 2026 @ 2:33 pm By Michael Wong  |  

Turkey’s parliament has dropped proposed cryptocurrency tax measures from a sweeping omnibus bill after opposition parties pushed back against the plan, Hurriyet Daily News reported. Lawmakers gathered under Deputy Speaker Celal Adan to debate the broad bill, which includes tax policy changes, defense spending measures… Read More

January 24, 2026 @ 2:37 pm By Omar Faridi  |  

The MENA venture capital ecosystem has experienced considerable activity as of late, as highlighted in a recent analysis by CB Insights. This in-depth study ranks the top 50 investors in the region, shedding light on their strategies, performance, and impact on emerging startups. By examining… Read More

January 8, 2026 @ 12:27 am By Omar Faridi  |  

Digital bank Revolut is reportedly engaged in discussions to purchase FUPS, a local digital banking platform in Turkey, as a strategic move to introduce its financial services to the Turkish market. Sources close to the matter (cited by Bloomberg) indicate that the potential deal would… Read More

December 6, 2025 @ 11:10 am By Omar Faridi  |  

Paribu is announcing Turkey’s latest fintech deal by acquiring CoinMENA, the local crypto exchange in the MENA region, in a transaction “for up to $240 million.” The transaction reportedly represents one of Turkey’s largest fintech acquisition to date and the country’s cross-border crypto deal. The… Read More

August 25, 2025 @ 1:56 am By Michael Wong  |  

Turkish investment platform Midas has secured $80 million in a Series B round, bringing its total capital raised to more than $140 million as it expands offerings and strengthens security infrastructure. The round, which the company claimed as the largest fundraising by a fintech in… Read More

June 25, 2025 @ 12:22 pm By Omar Faridi  |  

Wyden, the provider of institutional digital asset trading infrastructure for regulated institutions, and Garanti BBVA Kripto, a subsidiary of Garanti BBVA, one of Turkey’s largest banks, have announced a strategic partnership to support the growth of Garanti BBVA Kripto’s digital asset trading offering to its… Read More

February 16, 2025 @ 7:41 pm By Michael Wong  |  

Turkish fintech company iyzico has finalized its $87 million acquisition of Paynet, securing regulatory approvals in one of the largest technology deals between two local firms, the company said. The acquisition, approved by the Turkish Competition Authority and the Central Bank of the Republic of… Read More

February 11, 2025 @ 3:15 pm By Omar Faridi  |  

The cleversoft group has reportedly completed its acquisition of Fineksus, which is the provider of financial messaging and anti-money laundering (AML) solutions in Turkey and the Middle East, after having received all the necessary regulatory approvals. The combination of both firms brings together cleversoft’s regulatory… Read More

January 7, 2025 @ 10:18 pm By JD Alois  |  

Garanti BBVA Kripto will partner with Bitstamp to enable crypto trading for their customers, according to a statement from the subsidiary of Garanti BBVA – a Turkish bank. Bitstamp is a subsidiary of broker-dealer firm Robinhood. Garanti BBVA touts that Bitstamp holds over 50 regulatory… Read More

December 30, 2024 @ 8:32 am By Omar Faridi  |  

CaixaBank is marking the 15th year of operations of its representative office in Turkey. CaixaBank noted in the announcement that the bank opened the office in 2009 as part of its “international growth strategy” through its international banking network, which has branches and representative offices… Read More

December 24, 2024 @ 5:34 pm By Michael Wong  |  

German fintech company Cleversoft has entered discussions to acquire Istanbul-based Fineksus, a move aimed at expanding its global service network. The Munich-headquartered firm specializes in financial asset management platforms and systems for fraud prevention. Founded in 2004 by Florian Clever, Cleversoft has grown into a… Read More

December 12, 2024 @ 9:59 am By JD Alois  |  

Digital asset platform Taurus SA is expanding into Turkey, according to a note distributed by the firm. Taurus shares that the new office is due to the new regulatory framework for digital assets. The expansion is also expected build upon a presence in Dubai and… Read More

December 1, 2024 @ 2:00 pm By Michael Wong  |  

US-based cryptocurrency exchange Coinbase has withdrawn its pre-application to operate in Turkey, according to a report by Turkiye Today. The Capital Markets Board of Türkiye updated its list of companies requesting liquidation on November 29. The update revealed that Coinbase, which had initially filed its… Read More

November 12, 2024 @ 8:23 pm By Omar Faridi  |  

Thunes, which claims to be the Smart Superhighway to move money around the world, today welcomed Papara, Turkey’s fintech company, as a Member of its Direct Global Network, and allies to facilitate cross-border payments to and from Türkiye. This empowers Papara clients in Turkey, allowing… Read More

September 16, 2024 @ 10:23 pm By Tony Zerucha  |  

Fintech Huma, a self-described PayFi network, has raised $38 million in funding. Distributed Global led the equity round, with participation from Hashkey Capital, Folius Ventures, the Stellar Development Foundation, and TIBAS Ventures, CVC arm of İşbank, the largest private bank in Turkiey. Part of this… Read More

August 22, 2024 @ 10:15 am By JD Alois  |  

In 2020, the French Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR) added OmegaPro and affiliated platforms to its “blacklist” of trading platforms that consumers should avoid. Unfortunately, that was insufficient to deter people from throwing good money… Read More

June 24, 2024 @ 10:56 am By Omar Faridi  |  

Digital currency exchange Binance is reportedly assisting in investigating a recent attack carried out against Turkish crypto exchange BtcTurk, with more than $5 million in pilfered funds now having been frozen. This, according to social media update from Binance CEO Richard Teng. Teng noted that… Read More

June 22, 2024 @ 10:26 am By Michael Wong  |  

Turkish Fintech startups have achieved a record investment of $166 million in the first five months of 2024, showcasing significant growth within the sector. This information was detailed in the “Türkiye Fintech Snapshot for May 2024,” published by the Presidency’s Finance Office, which tracks the development… Read More