Page 49 - FintechAtlas2019

Size
Funding trends
# of active local fintechs
Cumulative funding 2008-2019
€30M
2+5+5+22+37+16+5+8 21++2+4+1937+17 38%
49
5% 5% 2% 7% 17%
6 6 2 9 5% 21%
€20M
€10M
0
6
22% 26
Insurance Corporate Banking Retail Banking SME Banking
Top VC investors
Revo Capital
Aslanoba Capital
500 Startups
212
StartersHub
Hackquarters
Finberg
Diffusion Capital Partners
DAAL
Earlybird Venture Capital
19 16% 2% 119 € 86M 4%
45
37%
19%
Technology Support
Capital Markets Wealth Management
2014 2015
Seed/Angel Corp. Minority
2016
Series A
Not specified
2017
Series B
2018
2019
Series C
Funding (€)
4.1M
3.6M
893.2K
668.8K
388.6K
Top funding rounds 2019
Investor
# of investment
9
4
3
3
3
3
3
2
2
2
Company Funding Date
Hesapkurdu 2/2019
Unified Payment Services 12/2019
Paym.es 6/2019
Figopara 8/2019
Endeksa.com 7/2019
Selected Top VC investors ranked by number of investment in local fintechs from 2008 to 2019. Lowest category ranked by date of investments.
Sources: Tables include fintechs headquartered in Turkey. Funding rounds and amounts are relative to the period from 2008 to 2019 and exclude M&A, IPO and ICO deals, but include debt. Source: BCG FinTech Control Tower
Country data
Population 2019 (M)
GDP total 2019 (€ Bn)
GDP per capita 2019 (€, at PPP)
GDP growth 2019 (% yoy)
GDP growth 2020 (% yoy)
Official currency
80.1
715
20,100
0.9
-5
TRY
Total bank assets 2019 (€ Bn) 732 Total bank assets (% of GDP) 102 Account ownership 2020 (% of population) 73 Debit card ownership 2020 (% of population) 64 Internet usage 2018/2019 (% of population) 71 Usage of internet to pay bills 2020 (% of population) 60 Sent/received digital payments 2020 (% of population) 75 Source: national sources, ECB, ITU, World Bank, RBI/Raiffeisen RESEARCH; estimates for 2020 penetration ratios
Source: IMF, ITU, World Bank, RBI/Raiffeisen RESEARCH, data for 2019 and estimates for GDP growth 2020
61K
4.1M 4.1M
1.2M 2M
6.3M 9.5M
0.5M 1.7M
13.3M
16.4M
4.7M
0.6M 22.8M 1.8M 30M
0.8M
3.8M 0.9M 4.2M 3.4M 12.3M
3.8M 8M 11.7M