Mega Growth in Fintech: $214 Million Investment in Turkey

Financial technology (Fintech) continues to be the locomotive of the investment ecosystem in Turkey. According to recent data, fintech startups attracted $214 million in funding last year, ranking among the top verticals.

This maturity level reflects investors' growing interest in digital wallets, embedded finance, B2B payment solutions, and regulatory technologies (regtech). Supported by open banking regulations, the number of innovative players is scaling fast across the market.

Foreign VCs' engagement with Turkish fintech is also snowballing. GetInvestr data reveals that interactions between global investment funds and Turkey-based fintech companies have doubled over the past year.