KolayBi, founded in 2017 by Gokhan Boyana and Cem Taylan Ekinci in Istanbul, provides cloud-based accounting and finance software for SMEs. Its platform lets customers enter revenues, expenses and costs to track profits, losses and instant cash flows; more than 40,000 companies were invoiced for $4 billion through the platform. The company works with 21 leading banks in Turkey and reported a sixfold customer increase after a $200K investment from QNBEYOND Ventures in 2020. KolayBi aims to develop new products and reach 100,000 active customers in 2023 as part of its growth strategy. Planned product work includes integrations with all Turkish banks, acting as a Banking-as-a-Service interface provider, issuing unique account numbers and ATM cards tied to KolayBi accounts, and enabling those cards to function as credit cards. The company also plans to grow abroad, targeting European and Middle Eastern markets in the third quarter.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Sep 2022