Turkish startup FinFree has received a new investment from US-based Goodwater Capital. No information about the financial details of the investment deal was disclosed. Social investment platform FinFree plans to complete its pre-Series A investment round by including other investors in the third quarter of this year.
Social investment platform: FinFree
According to the statements made by FinFree, the new investment will be used to invest in FinFree’s social investment features and expand into the European market. FinFree, which reached more than 200 thousand users at the end of 2022, has grown over 50 percent in the last three months. In 2022, this growth is expected to increase with the social investment features launched. A platform called Finfree was founded in 2020 by Senih Mete Dal, Adnan Can Türkay and Cem Ünüvar. The platform offers its users the opportunity to follow the investment strategies of experienced investors, review their reports and invest in Turkish stocks.
As Finfree, we started our journey 2 years ago with the idea that individual investors would become very important and that they would need a platform. Turkey’s largest independent brokerage house and financial technology company became our partners. In this direction, the fact that Goodwater, one of the world’s largest investment funds, is with us today encourages us to work for individual investors with great enthusiasm. Thanks to this round, we will expand our social features ahead of the Series A investment, and together with our partners, we will ensure that individual investors both in Turkey and abroad can invest in US shares at the most affordable price.Senih Mete Dal
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