Fimple, a rising star in finance tech, completes $5.5m bridge investment

Fimple, a rising star in finance tech, completes $5.5m bridge investment

Fimple, a pioneering technology company in the finance sector, has successfully completed its latest investment endeavour, known as the Bridge Investment Tour.

The company has impressively secured an additional $3.5m, bringing its total investment to $5.5m. This round of funding was led by Apy Ventures, with notable contributions from KT Portfolio, Tera Portfolio, and several angel investors.

This new capital injection of $5.5m will bolster Fimple’s mission to redefine the finance industry. Established in 2022, Fimple is renowned for its cutting-edge cloud-native core banking solutions. With offices in Istanbul and a central office in London, Fimple represents a global team of over 70 experts, dedicated to revolutionising finance through innovative technology.

The company plans to channel this investment into significant global market expansion and accelerating its transformation of the finance sector. The focus will be on enhancing Fimple’s cloud-native plug-and-play platform, which operates under the “Financial Function as a Service” principle. This strategy aims to increase Fimple’s competitive edge and improve customer service offerings.

Mücahit Gündebahar, CEO of Fimple, emphasised the importance of this funding. “This investment will give a great boost to our mission of strengthening our technological infrastructure and shaping the change in the finance industry through leadership.”

Fimple has set ambitious short-term goals, including global expansion, particularly targeting European, Balkan, Gulf, and African markets by 2024. Leveraging its API-based technology and experienced team, the company is poised to increase its influence in the finance industry.

Moreover, Fimple is dedicated to simplifying operations for industry players with its scalable, ecosystem-ready platform. This service model focuses on meeting fundamental needs such as maintaining competitive technological features and adhering to regulatory compliance, allowing financial institutions to concentrate on their business models, products, and customers.

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