Page 41 - RBI FIntech Atlas 2018

41
Size
# of active local ntechs
Funding trends
Cumulative funding 2008-2018
€4M
€2M 41%
0
1 8 94 4 819 50%
4%4%1%11% 14% 331 8
1%9% 8%
10 4 6%
7069% €11M 41%
35
Insurance Corporate Banking Retail Banking SME Banking
Top VC investors
Aslanoba Capital
Revo Capital
R2 International GmbH
StartersHub
Collective Spark
Wamda Capital
Galata Business Angels
Istanbul Startup Angels
500 Startups
Diffusion Capital Partners
Capital Markets Wealth Management
5
5
2
2
2
1
1
1
1
1
Technology Support
2013 2014
Seed/Angel
2015
Series A
2016
Series B
2017 2018
Not disclosed
Funding (€)
3.7M
2M
1.2M
1.1M
1M
880K
619K
210K
95K
86K
720
103
69
63
65
33
64
Top ntech companies
Investor
# of investment
Company
Parasut
Ininal
iyzi payments
Tar n
Jetract SmartPulse Technology Inc. Merkez Factoring
Enuygun
Fulle Gitsin
NKolayO s
Description
Financial management software
Payment platform
Payment system management platform
Digital platform for farmers
Procurement and contract software
SaaS solution for energy stakeholders
B2B factoring business
Finance and insurance product comparison
Mobile app for automatic fuel payment
Cloud-based ERP platform for SMEs
Selected Top VC investors ranked by number of investment in local ntechs from 2008-2018. Lowest category ranked by date of investments.
Sources: Tables include ntechs headquatered in Turkey. Funding rounds and amounts are relative to the period 2008-2018 and exclude M&A and IPO deals, but include debt. Source: BCG FinTech Control Tower
Country data
Population (M) 80.8
GDP total (€ Bn) 646
GDP per capita (€, at PPP) 20,100
GDP growth (%) 3.0
Of cial currency TRY
Source: Eurostat, IMF, European Commission, RBI/Raiffeisen RESEARCH Data for 2018, estimates
Total bank assets (€ Bn)
Total bank assets / GDP (%)
Account ownership (% of population)
Debit card ownership (% of population)
Internet usage (% of population)
Usage of internet to pay bills (% of population)
Send/received digital payments (% of population)
Latest available data as of 2017/2018
Source: ECB, national sources, World Bank, RBI/Raiffeisen RESEARCH
73K
9.2K
1.89M 1.9 M
1M
1.1M
1.2M 1.7M
3.7 M
1.3M 863K 2.2 M