Fingate.io is a Turkish fintech that provides banking-as-a-service (BaaS) and open banking solutions. The company was founded by Alper Akcan, Tolga Ulutaş and Emre Hayretçi and has operated in those areas for three years. Its products include AlışVeriş Kredim, which enables fast, option-rich access to products and services with an enhanced user experience, and ParaPlus, which lets consumers manage multiple credit cards in a single app. Fingate.io announced a $1.2 million investment from Koç Girişim Sermayesi Yatırım Fonu. In December the company previously secured funding at a $12 million valuation. CEO Alper Akcan said the new investment validates their approach and will help them pursue growth plans to onboard all Turkish banks and top-tier merchants to build the largest financial distribution network. Fingate.io is a Turkish fintech that provides Banking-as-a-Service (BaaS) and open banking services to enable access to bank products from non-bank channels. The company offers a single API that can run multiple banks' credit services simultaneously, helping sellers avoid failed transactions caused by exhausted card limits. Its early products include AlışVeriş Kredim, which enables instant payment with shopping credit during online checkout, and ParaPlus, a multi-credit-card management app available on iOS and Android. Fingate emphasizes fast, choice-rich and improved user experiences for accessing financial products. The startup aims to become a leader in Turkey and the surrounding region. It was founded three years ago by Alper Akcan, Tolga Ulutaş, and Emre Hayretçi; founder Alper Akcan previously founded Mikro Ödeme and completed a successful exit.

Total raised

$1M

Funding rounds

2

Latest round

Equity

Latest activity

Apr 2024