Turan is a next-generation finance application built as a neobank for Turkic states, focusing on cross-border money transfers. The service launched transfers with Azerbaijan and now supports Azerbaijan, Kazakhstan, TRNC, Kyrgyzstan and Uzbekistan. The company reports more than 300,000 customers, a transaction volume approaching 500 million, and over 70,000 card users. Turan has opened offices in Azerbaijan and Uzbekistan as it expands its regional footprint. The founder, Özgür Bayraktar, says the company aims to become the largest finance app in Central Asia. Turan emphasizes deepening strategic partnerships with infrastructure providers such as United Payment to support its growth. Turan has developed a digital money-transfer app enabling transfers among Turkic States including Türkiye, Azerbaijan, Uzbekistan, Kyrgyzstan, Kazakhstan and Turkmenistan. The startup aims to reach roughly 170 million people with customised products and financial services tailored to the Turkic States. In 2023 Turan plans to implement its model in Uzbekistan after earlier rolling it out in Azerbaijan. The company works closely with diplomatic agencies, including the Organisation of Turkic States, to promote regional cooperation. Turan received seed funding of $1 million to strengthen its regional presence and support planned office openings in Azerbaijan and Uzbekistan.

Total raised

$2M

Funding rounds

2

Latest round

Equity

Latest activity

Jan 2024