Rackle offers a one-stop BaaS platform that lets businesses get their own banking services up and running in a matter of weeks. The startup differentiates by specifically targeting Turkish businesses—sports clubs, tourism companies, airlines and large chain brands—to allow them to provide banking services to the roughly 10 million Turks living in Europe. Rackle operates by piggybacking on partner banks’ service APIs and has secured partnerships with Berlin-based Solarisbank and Turkey’s QNB Finansbank. The company is focused on continued product development and an imminent launch. Financially, Rackle raised a €200,000 seed round and, including a mid-2020 pre-seed, has raised approximately €500,000 to date.

Total raised

$0M

Funding rounds

1

Latest round

Seed

Latest activity

Mar 2023