This article showcases our top picks for the best Turkey based Fintech (Financial Technology) companies. These startups and companies are taking a variety of approaches to innovating the Fintech (Financial Technology) industry, but are all exceptional companies well worth a follow.
We tried to pick companies across the size spectrum from cutting edge startups to established brands.
We selected these startups and companies for exceptional performance in one of these categories:
- Innovative ideas
- Innovative route to market
- Innovative product
- Exceptional growth
- Exceptional growth strategy
- Societal impact
Top Turkey Fintech (Financial Technology) Companies
Papara provides simple, fair, and supersonic banking services without boundaries that a bank would have. Shortly, it is the future of banking.
With over 3.7 Million Users, Papara is the most trusted and loved finance app both on AppStore and Google Playstore with a rating of 4.9. .
We are a neobanking company based in Istanbul that operates exclusively online without any traditional physical branch. Igor allows you to open a paperless account in 5 minutes.
While not a bank itself, we provide banking and financial services in partnership with leading banks in Turkey through our web, mobile app and prepaid igor Card. We offer numerous features for individuals and merchants as a payment and PF solution.
We are trying to help small and big businesses succeed on their own terms by accepting all credit and debit cards with better commissions than the regular market.. .
Figopara is a solution that discounts companies’ e-invoices before their due dates with the offers received by financial institutions. It provides secure information to the financial companies that the customer is associated with and wants to reach by providing them with printed invoice information.
Figopara was established in 2017 to develop financial technology applications and is headquartered in Istanbul, Turkey.. .
KolayBi’ is a new generation cloud based bookkeeping and financial application platform with online bank account aggregation for SMEs. People can manage accounting processes, register data, and generate reports by recording its financial records .
People can also add bank accounts to the system and convert their payments into a one-click invoice. KolayBi’ was founded on 2017 and is headquartered in Istanbul..
Kassa is an app that allows the user to easily share the expenses with their friends. The app reviews the user’s balance of income and expenses, together with their savings to make financial decisions accordingly.
Kassa keeps every mutual expense made to share it evenly.. .
Payfull serves businesses, banks, and payment institutions with innovative and self-developed staff. Payfull Online Payment Solutions was launched in 2015 and started active service in the market by the end of 2016.
It is on its way with a professional team from the world of expert engineers and payment systems in the field.. .
PlusOneMinusOne Software and Consulting Inc. is an internationally operating company that provides optimization and predictive analytics software for the ATM market targeting banks, ATM ISOs and IADs.
Bringing a decade of Operations Research and Data Science expertise, its primary differentiation is a deep, yet diverse offering across many facets of ATM and Branch cash replenishment processes targeting the reduction of Total Cost of Ownership (TCO).. .
Resardis is a decentralized cryptocurrency trading platform based on the side chain technology, and eliminates the security problems of centralized exchanges and intrinsic issues of decentralized platforms. Just like the cryptocurrencies themselves, Resardis lives on the blockchain.
This essentially means that all the trading happens on the blockchain, secured by the state-of-art cryptography and immune to manipulation. Users are the sole owners of their funds, and the exchange does not have any control over the assets.
There is nothing stored on the exchange servers, and therefore nothing to steal by the hackers or the exchange admins. You might wonder how we overcome the shortcomings of a decentralized exchange, in that case directly skip over to the side-chain section.
As a decentralized platform, Resardis has a zero-knowledge policy about the customers. Users do not need to sign up with sensitive and personal information.
In this context, Resardis is just an intermediary platform which helps traders to find each other and facilitates trading. Just create an address, stay anonymous and start trading.
No way to conclude who did what. Users have full control over the funds, meaning they are the only owners of the private keys.
Kredico is an online platform where members’ credit requests are collected, score cards are created, and an agreed bank is sent for credit approval. Kredico works with the membership system.
Individual score cards are produced for individual and business members. The Kredico rating is updated according to the loan repayment terms..
Arya is a tool for personalized forex trade which increases your profit according to your previous trading statements. Arya is providing the people easy trade, Arya can solve the emotional and enviromental factors.
Arya get your transactional datas, and proccess these datas from based on AI progress, and Arya can say your trade will be a good oppportunities or bad opportunities.. .
Kiraplus offers tenant scoring solutions to landlords, realtors and property managers so they can instantly identify whether your tenants are financially responsible and reliable. Kiraplus tenants’ scores helps to decide the best tenant for your property by utilising background data, financial history and behavioral patterns.
Through Kiraplus, tenants and landlords can also pay or collect rent online and access various alternative insurance and financial products.. .
Kobakus is an all-in-one account managing platform that views, tracks, and reports bank accounts. Its purpose is to build super-intelligent cash management software solutions that maximize the automation of high volume financial transactions.
Founded in 2016, Kobakus is headquartered in Maslak, Istanbul.. .
Moneymo is a Mobile Shopping Platform that integrates with both mobile banking applications/e-wallets and merchants to create a ubiquitous mobile shopping ecosystem. It combines all online and offline sales channels of retailers covering the complete customer journey; payment, ordering, and campaign/loyalty and credit services.
Existing mobile banking customers can shop in stores, online, through billboards, newspapers, catalogs, and store windows through credit/debit cards or remittance. Moneymo was founded in 2016 and is based in Istanbul, Istanbul, Turkey..
Bufalo Teknoloji develops artificial intelligence and signal processing algorithms for trading currency pairs and some other assets. These works will build a large investment bank.
It was founded in 2018 and is headquartered in Gebze, Turkey.. .
Paymes is a fintech startup providing payment solutions for social commerce with a mission to help sellers to enter e-commerce faster, easier, and safer. We are one of the fastest-growing startups in the region with operations in Turkey, Azerbaijan, and now spreading in the GCC market.
We are providing easy payment solutions and features under the 3 categories. Pay with Messenger Apps.
Facebook Messenger Payment Bot: Providing the ability for the merchants to accept payments in the Facebook Messenger app without downloading any extra application. WhatsApp Payment Bot: Providing the ability for the merchants to accept payments in WhatsApp without downloading any extra application.
Web.Paym.es Payment Bot: Providing the ability for the merchants to accept payments on the browser without downloading any extra application. Payment Collection Solutions Corporate Collection Panel: Platform creates a fast and easy solution for the collection of payments.
You can create a payment profile and share it with your customer via SMS, eMail, or get a payment link and share it via different communication channels. QR Code Payment: Allows merchants to accept payments via QR code with dynamic and static pricing.
Face to Face Payments: Turns your mobile phone into the POS machine in seconds. ECommerce Solutions Open API: For the eCommerce solutions and Startups.
Idverif develops 100% authentication artificial intelligence compatible with TC identity, driver’s licenses, passports, and bills. Idverif develops ID verification and compliance tools with AI.
Idverifai develops an authentication artificial intelligence built on machine learning that enables companies to perform multiple processes such as customer registration or opening a customer account via mobile application.. .
ComPay is an easy and secure online money transfer from your own bank’s digital banking channel. Compay is a unique way for online merchants to offer an additional payment method to their customers.
The company aims to integrate banking products and services with online merchants in the most effective way. ComPay offers an easy-to-integrate solution to achieve streamlined usage of banking products and services for online shopping.
It is is an innovative service solutions company headquartered in İstanbul, Turkey.. .
Moka is a payment service provider that is 100% owned by İş Bank, the largest private bank of Turkey, and offers various payment solutions. Moka provides the opportunity to use technologies in daily operations, without the need for large infrastructure investments for businesses of all volumes operating from retail to food in all sectors.
Moka has a wide range of solutions such as market place, receiving payments via sms &emails, credit card storage and recurring payments, ready-to-use payment screens and customized tailer-made solutions depending on the customers’ needs. It provides a unique customer experience to its users by its project-based solutions.
With user friendly interfaces, it addresses as many clients as possible and intervenes traditional solutions with digital solutions.
Moka was established in 2014 and is operating in Çekmeköy, İstanbul.
Winngie is a social platform for travelers, foreign students, expats, business people, and anyone travelling internationally. We help you transfer money abroad and exchange local money with real people.
There are no hidden fees, no commissions, and no differences between the currency exchanges. You decide the exchange rate and you find a solution that suits your needs.
We connect people with currency needs and help foster a mutually beneficial exchange. By cutting out the middle man, Winngie can help you drastically reduce the amount you pay while exchanging currencies.
Say goodbye to your bank! Thanks to Winngie, you can fully maximise the value of every currency exchange and every money transfer. We work with all currencies – including crypto-currencies – providing a new way to send money abroad.
By taking a complex process and making it simple and effective, we help millions of people every day. Whether it’s helping children go to school, helping family members receive medical treatment, or just helping people pay their bills, we believe in helping our customers’ hard work go further..
Boğaziçi Ventures has been established in 2013 with the purpose of supporting entrepreneurship to take their global success to a next level. We aim to invest in the technology start-ups which have talented teams by providing business models and looking for funds and mentoring support for the future exponential growth.
BV Growth fund does aim to reach a minimum fund size of $30M. BV Growth will only focus on the technology startups established in Turkey at growth stage while having the ambition to get into the global market.
BV Crypto fund will be closed with a minimum fund size of $50M to invest in cryptocurrency and blockchain projects. People are interested in investing in cryptocurrency and especially new initial coin offerings (ICO) but they don’t know which one is reliable.
We’ve extremely capable team dedicated to cryptocurrency. Our analysts search hundreds of ICO projects, follow their communication, investigate the commitment of their teams, make interviews and if they have a chance, even visit them at their locations to give a much better decision.
BV MENA fund will be closed with a minimum fund size of $100M. BV MENA aims to invest in the growth stage technology startups in the Middle East and Africa..
Birleşik Ödeme Hizmetleri ve E-Para A.Ş. is a payment services company that offers a wide range of products and advantages to its clients and business partners with its innovative, practical, reliable and distinguished solutions based on smart payment technologies.
Birleşik Ödeme Hizmetleri ve E-Para A.Ş. is the leading, licensed payment services and e-money company in Turkey that aims to make life easier for people and offer practical solutions by using smart payment technologies.
The Banking Regulation and Supervision Agency (BRSA) uses the method of ‘‘licensing’’ since July 2015. The companies that desire to provide service in the sector with an e-money license must complete necessary preparations in terms of their capital structure, technology infrastructure, and transparency in accordance with the law.
Birleşik Ödeme Hizmetleri ve Elektronik Para A.Ş has become one of the first companies in Turkey that have been authorized by BRSA with an e-money license.. .
Collaboration with outstanding initiators with exceptional insights, from inception through all levels of progress. Lima Ventures supports visionary founders as well as provides certain services to early startups.
We seek innovative technology-driven entrepreneurs who generate and lead companies that will inspire millions.. .
Masraff is a SaaS-based platform that facilitates expense management powered by AI. With a simple image of a receipt and AI data processing, Masraff helps transfer information to accounting systems with one click.
Masraff automates an otherwise time-consuming and manual process, saving money to accounting and finance departments.. .
IPOS is a cloud based service company which provide infrastructure of loyalty systems, analytics, marketing tools and CRM for retail companies. IPOS works with POS terminals which are connected to online cloud web service.
All transactions of the system are online in realtime basis. IPOS can work with NFC technology and mifare cards that enable the retail companies to give discounts, bonus and credit features to their clients.
Thank to the IPOS’s infrastructure, the clients can do everything with their alternate code and pin even they don’t have their cards with them. The security level of the system is as high as the systems that are used by the banks.
The system has multi-language and multi-organization support. Retail companies can create loyalty platforms with each other and their clients can use their bonus and credits in any retailer among this platform.
IPOS has diferrent web interface and mobile apps for each platform (organization), retailer company and their stores and clients. In the system each retail company can create their own info types which they wanted to collect from their clients during the transactions.
With IPOS, retailers are no need to invest hundred thousands of dollars on unalterable loyalty products. System is very flexible, fast and easy to use.
Param is a financial technology company that provides products that allow businesses of every size and individuals to send and receive payments online cost-effectively and securely. We deliver products of prepaid cards, virtual POS, payment processing software, application programming interfaces ideally suited for online merchants, individuals and others currently underserved by traditional payment mechanisms.
Today, our customers around the world use dozens of Param’s innovative products to make 5.6B TRY transaction in volumes and have 3.75 million cards in total. Param’s services, which lets users send payments 24/7 online, can be used from computers or web-enabled mobile phones.
Param has more than 200 employees and continues to add new members to its family. It aims to be a leader in the scope of financial technology in Turkey, Europe, and the Middle East..
Pozitron is a mobile technology company providing full-scale solutions in commerce, banking, payments, security, and more. The company’s solutions are used by global companies such as eBay, ING Bank, BNP Paribas, Intel, and GSK.
Pozitron was acquired by Monitise in February 2014 and has changed its name to Monitise.. .
End to end receivable management solution provider and bridge to the new generation financial tools for nonfinancial companies in the country and in the region. B2C Customer applies HASO payment with its National ID and birthdate.
Retailer digitally sent this data to HASO with the total amount of the transaction / type of the products. HASO has an integration with the Credit Bureau and the subject retailer.
According to internal and external data HASO calculates a risk segment and limit varying regarding the type of the product, riskiness of the customer, installment number, defined limits (customer / total / sales channel etc.) by the retailer.. .
T2 Software is a software developer and consultancy company specialized in Fintech and Financial Industry. With its high talented staff, T2 also implemented the first Blockchain project in Turkey.
Starting from the use cases, developing crytographic protocols and smart contracts, T2 is the ultimate partner for your blockchain projects and use-cases. T2 Software just made available its Algorithmic Trading and Portfolio Optimization product “QuantSol Quantitative Platform”, which pushes the limits of data analytics and machine learning..
When we started Startsub we had two goals: 1. Providing a platform for people and companies who want to launch a business fast and with minimum investment.
2. Providing a solution for business owners who have difficulty with collecting payments.
With our subscription e-commerce platform, you can launch your e-commerce website fast and with minimum investment. We provide you a turnkey solution which includes all the critical features such as website, payment system and dashboard.
With our recurring payment platform, you can collect your payments on a regular basis and easily manage them on our dashboard. We received our seed funding from Netaş Wesley Clover Tech Fund..
PayPoint is a FinTech company that transforms online and offline electronic payments. PayPoint delivers excellence via secure, scalable, and reliable solutions to Telecom companies, airtime providers, financial institutions, utility companies, retailers, e-commerce providers, and more.
PayPoint operates the full spectrum of available technologies to deliver the best services through various channels, including Self Service Kiosks, POS devices, Android and iOS App’s, web interfaces, APIs, SMS and USSD messaging, QR codes, etc.. .
Preticks, a fintech company, provides instant stock price predictions and notify users about promising and trending tickers. Simple stock prediction output backed by complex technology stack is being provided to users via mobile application notifications.
Multi-step news interpretation integrated with Natural Language Processing and Machine Learning techniques are being used to predict intra-day stock price movements.. .
Mobven is a fast-growth mobile software house and venture builder. Mobven specializes in mobile application development across miscellaneous verticals including financial services, media, telecoms and e-commerce.
Mobven Team has created many bespoke applications & solutions for industry leading clients. Mobven also acts as a mobile venture builder; investing in, developing & executing mobile ventures and welcomes collaboration opportunities based on innovation from entrepreneurs as well as solution partners..
Pospratik is a fin-tech company that provides an online collection system. It allows companies to make online collections from their customers by credit card.
The system provides T1 or foreign currency collection from dealers and sub-dealers. It can also be used as a physical pos device because it can be utilized over mobile devices.
The company was founded in 2016 and is headquartered in Umraniye, Istanbul.. .
Bonobo helps people to connect eachother via virtual product coins and use them as money. It is digitalise real products like coffee, beer or sandwich and able to send as gift or anything for social purposes such as generousity for friends, meet-up, icebreaking etc.
It has also social discovery feature, that helps you to see your friends or someone nearby. These digital products has real value and able to spent in places which accepts Bonobo as payment.
Thus, also enables global virtual product currency transfer. For example you can live in london and send your sister a lunch who lives in San Diego and she can use it in same day from related places who accept Bonobo Product Coins..
[Sigortam.net](http://www.sigortam.net) is an insurance and reinsurance broker company, also an affiliate of iLab Holding. On March 27, 2001, the company is awarded with Insurance and Reinsurance Brokerage license from Turkish Republic, Office of Prime Ministry, Undersecretariat of Treasury, General Directorate of Insurance.
Besides maintaining a fast growth and development level, sigortam.net has a paid up capital amounting to 6.3 million TL. Accomplished by Turkish entrepreneurs, Turkish project team and with technologies developed in Turkey, Sigortam.net combined its sector-experienced staff specialized in the line of business, principle of unconditional customer satisfaction with modern internet technologies and aimed that offering services of good quality.
Sigortam.net brought innovation to the sector with website fully integrated in its technological infrastructure. Retail customers can use our website to compare products of insurance companies we are working with; they can buy online, right away automobile, traffic and health insurance policies.
**Our awards and achievements!** Sigortam.net was the finalist of Technology Blue Ribbon category of “IV. Technology Awards” organize by TÜBİTAK, TTGV and TÜSİAD.
In 2002 and 2003, our website was awarded with third prize on “Best Banking, Finance and Insurance Website” category of “Altın Örümcek” Contest where DorukNet evaluates the best internet sites of Turley; in 2008, we were awarded with the first prize on “Best Insurance Website” category of the contest organized for the sixth time. .
MCD Technology Investments
MCD Technology Investments Inc. is a technology venture capital company developing and financing its own investments in Information, Communication and Technology sectors in Turkey.
Founded in 2001, MCD currently operates out of its offices at Halkali and Seyrantepe in Istanbul, Turkey, with its nearly 300 teammates. MCD invests in solutions that address major needs for significantly large addressable target markets.
We look for projects that can grow quickly and manage the scale necessary to succeed.. .
Bigpara is an investment and finance portal that focuses on investors’ interest on global and domestic stocks. It helps businessmen, professional financiers, traders, academicians, finance students and others to make accurate and fair decisions on stock exchange and related fields.
It offers services in the areas of exchange (stock, share prices, livestock, currency exchange), Forex trading, credit (housing loans, personal loans and leasing), analysis (R&D, technical, startup), news (video reviews, broker options, inflation data, news comments), SMEs (incentives, news) and Bitcoin.. .
FinansTL.com offers an online personal finance management app enabling users to better manage their cash flow. The application enables individuals to keep a regular track of all their income and expenses and assets and liabilities, and provides detailed reports of their budget management.
FinansTL was launched in February 2012.. .
GMNForex Yatırım Hizmetleri A.Ş.
Forex trading has never been so easily accessible than before. Forex used to be the private playfield of banks and large institutions.
But everyone of us has noticed its evolution in recent years. But again, like all other stuffs on the Internet, we’re experiencing the transition from lacking information to information overflow.
That’s the reason we set up this forex portal – gmnforex.com. Here are the highlights of the gmnforex.com Website: Action Insight – Technical analysis reports on EUR/USD, USD/JPY, GBP/USD and USD/CHF produced by our inhouse analysts together with comments on latest fundamentals of the market, news digests and global economic data update.
Published twice a day during European session and US session. Action Bias – Action Bias is derived from our proprietary algorithms based on technical studies of prices of currency pairs.
Intraday bias is based on studies on hourly chart while short term bias is based on studies on 8 hours chart. It could be one of the best tools for a trader to reference to before deciding on your trades.
Updated 24 hours a day. Pivot Points – Pivot Points is a very useful techniques that uses previous bar’s high, low, close to project the support and resistance for the current bar.
You may write to us at: Daily Finance Media/Fupping Ltd, First Floor, 61-63 Rochester Pl, London NW1 9JU.