Turkish Fintech Startup Fingate.io Receives Investment

Turkish startup Fingate.io produces services in the fields of service banking (BaaS) and open banking. According to the information provided by Fingate.io, the startup received an investment over $ 12 million valuation. Alper Çetinkaya and İGSAŞ participated in Fingate.io's investment round, which was realised at a valuation of $ 12 million. Meanwhile, Fingate.io was founded three years ago by Alper Akcan, Tolga Ulutaş and Emre Hayretçi.

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Fingate.io

It enables access to banks' products and services through non-bank channels. One of the first services of the startup, which enables users to access products and services with fast, optional and advanced user experience, is AlışVeriş Kredim. With the Shopping Credit service, users can pay for their online purchases instantly with shopping credit.

It should also be noted that with a single API offered by Fingate, credit services of multiple banks can be run simultaneously. In this way, sellers eliminate the problem of unsuccessful transactions due to credit card limits. Another solution offered by Fingate is ParaPlus. ParaPlus, which focuses on managing multiple credit cards from a single application, is available on both iOS and Android platforms. Fingate.io, which offers services such as Shopping Kredim and ParaPlus, aims to be the leader in this field in Turkey and the region.