Turkey has established itself as the center for technology startup companies with six Unicorns – startups with evaluation of over 1 billion dollars (18.83 billion TL) – emerging in the past Only three years. The booming startup scene in the country right now set to dominate new Reproduction of startups – financial technology Financial technology projects or companies.
Participation of startup companies in financial technologyPayment led technologymanaged to raise almost 90 million dollars in Financing through 34 deals in A report analyzing the data of the Turkish start-up ecosystem in 2022 showed its highest levels ever.
the drive It was supported by a supporter regulatory environment It is drawn clear the way Before fintechs, which attracted About 69 million dollars in 2021, according to the report, compiled by Startups.watch Industry Watch with the support of Presidency Finance Office.
capital flow last year I saw that Param became the most Turkish character valuable fintech company, given that it has raised funding in July in evaluation of $217 million. In doing so, it overtook iyzico, which was sold to PayU for $165 million in 2019.
premium technology
The Startups.watch report showed 251 of the current financial technology Startups are working in premium technology. Among others, 92 cryptocurrencies money and blockchain-oriented, 89 Focus on Banking services technology And 66 startups are operating in Big company financial technology. Projects focused on insurance technology (59) The fifth sitting.
If a unicorn appears among financial technology Startups, are expected to have a significant impact on Others, likewise of summit. For this, it is very important that there are initiatives that take off on successful global a trip.
Peak Games has become a Turkish company first Rhinoceros after being sold to Zynga for $1.8 billion in 2020.
systems effect
Fintech startups are waiting for application of draft regulation after decisions taken in field of digital Banking services. organizational decisions Contribute to depth of Fintech startups in all fields at every stage.
duty of Electronic billing previously facilitated the exit agreement of Companies like Foriba, caused the birth of Vijupara Initiative.
Perhaps every exit agreement can be made for new Unicorn start. organizational decisions It has the primary priority for This score to show.
long param run
Param is venture that levers financial technology To bring in 63,000 companies in Turkey is closer to its employees, partners and customers. with her wealth of experiencethe company has won the support of investors.
last year45 different investors have expressed interest in Param over financing round that helped the company reach the valuation of $217 million.
Since its inception, Param has helped businesses in various Sectors that manage customer loyalty programsrelations with Partners, dealers and relationships with Professional organizations, all while ensuring compliance with current financial systems.
According to CEO Emin Can Yılmaz, the volume of Transactions made through ParamPOS – used by 63,000 corporate members – increased by 175% in 2022, to reach 37.4 billion TL. he also Note that figure of The number of users reached 5 million, the number of cards 7 million and spending amount 9.2 billion Turkish liras.
Yilmaz emphasized that the company has finally reaped rewards of that it hard work in 2022, as the point is made of last investment.
“We have received the largest valuation in the industry thanks to Trust of Our investors. our first investment round led by the European Bank for Reconstruction and Development (EBRD) and included participation from CEECAT Capital, Alpha Associates and Revo Capital.”
On an investment basis on With a valuation of $217 million, Param now has the most valuable fintech company in Turkey. this success It increased our desire to innovate financial expertise.”
worldwide growth and ecosystem
Yilmaz, speaking for the Param UK brand, said so in 2023 The company aims to increase brand recognition internationally.
“We don’t restrict Param growth aspirations just Turkey. So, in In 2022, we launched our Param UK brand. Currently, Param UK is facilitating quick and easy facilities money transfers Within the UK and between the UK and Turkey. we offer support for users in United kingdom who They have difficulty opening bank accounts or communication with traditional Banks through our Param UK platform. almost, money transfers will also He is possible From Turkey to the UK with Param TR,” he noted.
In addition to promotion growth And market share in Yilmaz Britain said they plan to expand to other European countries countries with new investments.
Our ‘Param Personal’ products will provide comprehensive information financial Solution for individual users, while ‘Param Commercial’ would be it one-Stop for everyone financial Need for Business. the new Service platform “Param Next” will allow for Seamless integration of financial solutions and products, regardless of the business model. It will be “Param Global” a global financial The app that meets the needs of european consumers, with based in England and the Netherlands added.
Share TL 15M with employees
Yilmaz, which emphasizes the continuous improvement of HR vision for param, also situation on the support extended for employees.
“We prioritize satisfaction and commitment of Our employees of the company. in the end of the yearwe decided to share About 15 million TL, equivalent to 20% of our company net he won, with Our staff. every member of the param family He is valuable to usand we will continue to grow with their contributions.”
Yilmaz added That they will continue to implement innovative products, services and projects that deliver significant value to their users, as they aim to achieve new dynamic financial technology sector in 2023.
Turkey has established itself as the center for technology startup companies with six Unicorns – startups with evaluation of over 1 billion dollars (18.83 billion TL) – emerging in the past Only three years. The booming startup scene in the country right now set to dominate new Reproduction of startups – financial technology Financial technology projects or companies.
Participation of startup companies in financial technologyPayment led technologymanaged to raise almost 90 million dollars in Financing through 34 deals in A report analyzing the data of the Turkish start-up ecosystem in 2022 showed its highest levels ever.
the drive It was supported by a supporter regulatory environment It is drawn clear the way Before fintechs, which attracted About 69 million dollars in 2021, according to the report, compiled by Startups.watch Industry Watch with the support of Presidency Finance Office.
capital flow last year I saw that Param became the most Turkish character valuable fintech company, given that it has raised funding in July in evaluation of $217 million. In doing so, it overtook iyzico, which was sold to PayU for $165 million in 2019.
premium technology
The Startups.watch report showed 251 of the current financial technology Startups are working in premium technology. Among others, 92 cryptocurrencies money and blockchain-oriented, 89 Focus on Banking services technology And 66 startups are operating in Big company financial technology. Projects focused on insurance technology (59) The fifth sitting.
If a unicorn appears among financial technology Startups, are expected to have a significant impact on Others, likewise of summit. For this, it is very important that there are initiatives that take off on successful global a trip.
Peak Games has become a Turkish company first Rhinoceros after being sold to Zynga for $1.8 billion in 2020.
systems effect
Fintech startups are waiting for application of draft regulation after decisions taken in field of digital Banking services. organizational decisions Contribute to depth of Fintech startups in all fields at every stage.
duty of Electronic billing previously facilitated the exit agreement of Companies like Foriba, caused the birth of Vijupara Initiative.
Perhaps every exit agreement can be made for new Unicorn start. organizational decisions It has the primary priority for This score to show.
long param run
Param is venture that levers financial technology To bring in 63,000 companies in Turkey is closer to its employees, partners and customers. with her wealth of experiencethe company has won the support of investors.
last year45 different investors have expressed interest in Param over financing round that helped the company reach the valuation of $217 million.
Since its inception, Param has helped businesses in various Sectors that manage customer loyalty programsrelations with Partners, dealers and relationships with Professional organizations, all while ensuring compliance with current financial systems.
According to CEO Emin Can Yılmaz, the volume of Transactions made through ParamPOS – used by 63,000 corporate members – increased by 175% in 2022, to reach 37.4 billion TL. he also Note that figure of The number of users reached 5 million, the number of cards 7 million and spending amount 9.2 billion Turkish liras.
Yilmaz emphasized that the company has finally reaped rewards of that it hard work in 2022, as the point is made of last investment.
“We have received the largest valuation in the industry thanks to Trust of Our investors. our first investment round led by the European Bank for Reconstruction and Development (EBRD) and included participation from CEECAT Capital, Alpha Associates and Revo Capital.”
On an investment basis on With a valuation of $217 million, Param now has the most valuable fintech company in Turkey. this success It increased our desire to innovate financial expertise.”
worldwide growth and ecosystem
Yilmaz, speaking for the Param UK brand, said so in 2023 The company aims to increase brand recognition internationally.
“We don’t restrict Param growth aspirations just Turkey. So, in In 2022, we launched our Param UK brand. Currently, Param UK is facilitating quick and easy facilities money transfers Within the UK and between the UK and Turkey. we offer support for users in United kingdom who They have difficulty opening bank accounts or communication with traditional Banks through our Param UK platform. almost, money transfers will also He is possible From Turkey to the UK with Param TR,” he noted.
In addition to promotion growth And market share in Yilmaz Britain said they plan to expand to other European countries countries with new investments.
Our ‘Param Personal’ products will provide comprehensive information financial Solution for individual users, while ‘Param Commercial’ would be it one-Stop for everyone financial Need for Business. the new Service platform “Param Next” will allow for Seamless integration of financial solutions and products, regardless of the business model. It will be “Param Global” a global financial The app that meets the needs of european consumers, with based in England and the Netherlands added.
Share TL 15M with employees
Yilmaz, which emphasizes the continuous improvement of HR vision for param, also situation on the support extended for employees.
“We prioritize satisfaction and commitment of Our employees of the company. in the end of the yearwe decided to share About 15 million TL, equivalent to 20% of our company net he won, with Our staff. every member of the param family He is valuable to usand we will continue to grow with their contributions.”
Yilmaz added That they will continue to implement innovative products, services and projects that deliver significant value to their users, as they aim to achieve new dynamic financial technology sector in 2023.