Turkish Fimple Raises USD 12M in Series A Round to Expand in MENA

• Turkish startup Fimple raises USD 12 million in a series A funding round.
• The startup aims to use the funding to accelerate its product development and expand into the MENA and CIS markets. 
• Fimple aims to deliver tailored solutions to diverse financial segments and enable institutions to adapt to evolving market demands. 
• The company’s platform features offers a suite of banking and lending modules, including pre-designed solutions for Sharia-compliant financing.

Fimple

Turkish Startup Fimple raises USD 12 million in a series A funding round. The round was led by DN Capital and Smartfin, with participation from APY Ventures and Tera Portfolio.

“Modernizing core banking systems is a top priority for financial institutions adapting to dynamic market demands. Fimple’s scalable and adaptable platform is well-positioned to lead this transformation.” 

Jürgen Ingels, Partner at Smartfin

Fimple is a cloud-native core banking platform that offers flexible deployment options whether in the cloud- or on premise. Additionally, they offer a suite of banking and lending modules that aims to tackle the challenges faced by both traditional and modern financial institutions. This includes predesigned solutions for Sharia-compliant financing. 

Guy Ward Thomas, Partner at DN Capital, said : “Banks globally are striving to replace outdated legacy systems while competing with agile FinTechs.”

Expansion

Beyond Turkey, the startup currently operates in five other countries. In its operations, Fimple aims to deliver tailored solutions to diverse financial segments and enable institutions to adapt to evolving market demands. 

With its presence already in Egypt and the GCC countries, the startup aims to use the funding to further expand into the MENA and CIS regions. Additionally, it aims to support their product development and reach new markets with its  flexible core banking solutions.

Mücahit Gündebahar, CEO of Fimple, said: “This investment will fuel the development of our innovative products and help us reach new markets. Our mission is to empower financial institutions with the most robust and flexible core banking solutions available.”