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Istanbul-based fintech startup Fimple, which also launched in London earlier this year, has attracted around $2 million worth of investment and announced plans for global expansion.
“Our new location in London, the heart of the global fintech ecosystem, is designed to meet the needs of the international financial industry through our broad range of advanced cloud-based technology solutions,” said Dr. Mucahit Gundebahar, co-founder and managing director of Fimple.
Fimple provides “natural” cloud-based technology solutions tailored specifically for financial institutions, especially digital banks, to implement BaaS and platform business models and their main systems. The startup is already making waves in the fintech space, securing a sizable investment for its global expansion plans.
“In just two months, we managed to secure approximately $2 million worth of investment in our pre-seed investment journey,” Gundebahar said. “With these huge investments, coupled with our strategic location in the UK, we have taken our first steps into the global stage.”
Fimple is currently strengthening its global presence, especially in the European market. “Starting in London, we want to rapidly expand to other regions, including Central Asia, the Middle East and Africa,” Gundebahar said.
“By the end of 2024, we plan to have several regional offices in Eastern Europe and the Arabian Gulf, including one in Dubai.”
Fimple was founded in March this year by Gundebahar and Abdurrahman Cinar, who have already made their name in the fintech space. By August, the startup had a diverse team of 30 experienced engineers specializing in all aspects of banking technology.
With an eye toward growing growth, the company hopes to double its workforce by the end of the year.
“The fintech ecosystem is in a state of constant evolution,” explained Gundebahar. “Despite its relative youth, Fimple intends to remain at the forefront of this evolutionary process for the foreseeable future.” – arab trade news agency
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