Politics

Turkish fintech company records USD200M estimate


(MENAFN) A Turkish fintech company, Param declared on Wednesday that it grasped the estimate of USD200 million at its initial investment round.

In line with an announcement by Param, the round is promised by institutional investors CEECAT Capital, the European Bank for Reconstruction as well as Development (EBRD), Alpha Associates, in addition to Revo Capital.

Emin Can Yilmaz, founder and chief executive of the company, stated that Param has expanded three times in 2021.

Yilmaz also stated that because of its technology, the company keeps long-term ties with Turkey’s unicorns and biggest exchangers, in addition to thousands of small- and medium-sized initiatives.

He said in the statement that “Today, we are proud to be processing record number of transactions as a leading player in the industry and sharing the journey of democratizing finance with our own investments in the ecosystem.”

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