Fimple, a Turkish FinTech start-up plans to go global

By Leandra Monteiro

The FinTech sector has recently increased its share in the global investment ecosystem. Istanbul-based Fimple, which launched operations in London earlier this year has already drawn some $2 million worth of investments and has ambitious plans for global expansion, company officials announced this week.

“From our new location in London, the heart of the global fintech ecosystem, we aim to meet the needs of the international financial sector with our wide range of advanced cloud-based tech solutions,” said Dr. Mucahit Gundebahar, Fimple co-founder and managing director.

Fimple provides ‘natural’ cloud-based technology solutions specifically tailored for financial institutions, especially digital banks, to realize BaaS and platform business models and their main systems. The start-up has already made a splash in the world of FinTech, garnering impressive investments to achieve its global expansion plans.

“In only two months, we succeeded in drawing some $2 million worth of investments in a pre-seed investment tour,” Gundebahar said. “With these substantial investments – coupled with our strategic location in the UK – we have already taken the first step onto the global arena.”

Fimple is currently in the process of stepping up its global operations, especially in the European market. “From London, we hope to rapidly expand into other geographies, including Central Asia, the Middle East, and Africa,” Gundebahar said.

“Before the end of 2024,” he added, “We plan to have several regional offices in Eastern Europe and the Arabian Gulf, including one in Dubai.”

With an eye on ever-increasing growth, the company hopes to double the size of its staff by the end of this year. “The fintech ecosystem is in a perpetual state of evolution,” Gundebahar explained. “Despite its relative youth, Fimple intends to remain on the cutting edge of this evolutionary process for the foreseeable future.”