Turkey’s Papara taps DriveWealth for fractional investing solution
Papara will leverage DriveWealth’s Brokerage-as-a-Service tech to launch a new US stock investment product.
Turkey
The latest fintech news, resources and expert analysis in Turkey by the leading intelligence provider for the worldwide fintech community.
Turkey’s Colendi reportedly raises $65m Series B funding led by Citi
According to Bloomberg, the round takes the fintech’s valuation to around $700 million.
First Abu Dhabi Bank reportedly in discussions to acquire Yapi Kredi from Turkey’s Koc Group
Koc Group has held a stake in the Istanbul-based full-service bank since 2005.
Turkish fintech Iyzico acquires Paynet in $87m deal
Iyzico plans to integrate Paynet’s B2B payments and collections solutions.
Wealthtech Midas raises $45m Series A to launch new products
The funds will enable Midas to introduce mutual funds, savings accounts and crypto trading.
Turkish challenger Papara reportedly set to acquire digital wallet fintech SadaPay
The deal could be worth between $30 million and $50 million, according to media reports.
ICYMI fintech funding round-up: Fordefi, Mia Share, Kema, Coba and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Turkish fintech Figopara taps Provenir to automate risk decisioning
The partnership comes as Figopara gears up for a “significant” international expansion push.
Colendi lands banking licence to become Turkey’s first digital deposit bank
As Turkey’s first digital bank, ColendiBank is aiming to reach 50 million customers regionally.
Turkish fintech Param acquires BNPL firm Twisto to boost European expansion
Param plans to leverage Twisto’s licences to offer its embedded financial solutions across Europe.
Garanti BBVA Financial Technologies launches new venture for digital assets
The launch is Garanti BBVA Financial Technologies’ first foray into digital assets.
Huawei launches F2F2X data infrastructure architecture to help FSI build and manage modern data centres
F2F2X (Flash-to-Flash-to-Anything) was unveiled at the recent Huawei Intelligent Finance Summit.
Turkish fintech Papara acquires Spanish neobank Rebellion Pay
Papara calls the acquisition a “crucial step” in its European expansion strategy.
Irish payments start-up NomuPay lands $53.6m in funding
NomuPay plans to scale in its core markets and further invest in product development.
Turkey’s Quick Finans taps Provenir for data and risk decisioning platform
Quick Finans selected Provenir’s tech to enhance its customer onboarding process.
Colendi secures $150m credit facility from Fibabanka
The firm aims to provide new loan and investment opportunities for the underbanked.
Two new fintech start-ups in Turkey – Lidsi and Turan
Lidsi is a savings app launching in January 2023, and Turan is an all-encompassing financial application.
ICYMI fintech funding round-up: Kippa, Payall, Trek Health and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Crypto platform Rain rakes in $100m in Series B funding
Rain’s $110m Series B funding round was co-led by Paradigm and Kleiner Perkins.
Colendi raises $30m in Series A and plans UK expansion
Turkish micro-lending platform expands to new markets.
Isbank deploys H2O AI platform for cash forecasting and default prediction
Turkish bank gives automated system the go-ahead after successful pilot.
Commerzbank confirms first commercial transactions on Marco Polo network
Commerzbank, İşbank, LBBW and two corporates have completed transactions ahead of a launch.
Finch Capital acquires Wirecard’s Turkish operations
Investment firm sets up new payments brand in Turkey.
One of Turkey’s largest fintechs Papara gears up for expansion
It launched in 2016 and became cash flow positive in 2017.
UK fintech Minted to launch in July with 2021 digital bank plans
The fintech is sharia-compliant and follows AAOIFI rules on gold.
Turkey’s Halkbank could pay $1bn in fines for court absence
The bank is facing criminal charges for helping Iran evade US economic sanctions.
Turkish banks and FIs sign majority stake in JCR Eurasia
Turkey seems to be establishing a national credit rating agency.
Islamic challenger bank insha launches in Germany
New entrant wants to place the daily life of a Muslim at the centre of its offering.
Spotlight: the Russian e-commerce cross-border market
Finding a niche for a foreign merchant in Russia.
PayU taps Turkey’s digital economy with Iyzico acquisition
The company also hopes to encourage cross-border trade with CEE countries and Africa.
Isbank partners Yandex.Checkout to support trade between Turkey and Russia
Turkish bank will reach more than 150 million extra clients.
UK and Turkey push Islamic finance through fintech
TheCityUK and Borsa Istanbul set out their ambitions.
Case study: Isbank and FCase – fraud orchestration overhaul
Isbank, Turkey’s largest bank, drastically reduced fraud and future-proofed fraud operations with FCase.
Clinc and Isbank unleash AI-powered app in Turkey
“Maxi” is designed for the Turkish bank’s six million customers.
Akbank takes a snap to verify customers with Daon
With very high customer onboarding numbers!
Isbank’s call centres to be powered by Clinc’s AI
US-based Clinc has also opens its first international office in London.
Case study: BBVA – salute the speed
Talk and action – chatbots and artificial intelligence (AI) in practice.
Ziraat Bank launches proprietary mobile wallet
Bankkart Mobil was built by Ziraat Teknoloji, VeriPark and MagiClick Digital.
Turkey: the next cashless society
Turkey is perfectly placed to become the world’s next cashless society – a true digital payment powerhouse.
Workup a fintech sweat with Isbank’s start-up programme
Turkey’s largest private bank, Isbank, has unveiled its entrepreneurship programme for fintech start-ups in the country. Since forming an innovation team within its Digital Banking Unit, the bank says it has become “much closer” to tech entrepreneurs in the republic. The innovation team is working remotely at Kolektif House Levent (a co-working space for Turkish […]
