Techsign Receives Investment from Papara at $30 Million Valuation

Techsign, which works on digital signature and authentication, announced that it has received an investment from Papara at a valuation of 30 million. This investment round took place ahead of Series A. In previous years, the startup received investment at a valuation of 8.5 million dollars. The Turkish startup provides biometric/digital signing services for PCs, mobile phones and tablets. The startup also develops algorithms that determine the accuracy of signatures. The Turkish startup enables companies to remotely monitor their processes with customers with these services.

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Techsign Aims to Grow on a Global Scale

In 2021, Berrin Önder, Chairman of the Board of Directors of Techmine, which realized the seed investment of Techsign, made the following statement on the subject: "We are excited to grow together with our new partner Papara in Techsign, our eco-friendly, productivity-enhancing investment."

Techsign CEO Abdullah Kip said that they will use the investment they received for their global growth targets. Abdullah Kip continues his statements as follows: "We are proud to have provided a good service to Papara, our customer since 2021, and receiving their support will accelerate our steps in our goal of becoming an effective actor on a global scale."