About Papara
Papara is a company based in Istanbul (Turkey) founded in 2016 by Ahmed F Karsli and Ilker Diker.. Papara has completed 5 acquisitions, including FinFree, Rebellion Pay and SadaPay. Papara operates in a competitive market with competitors including Venmo, MoneyGram, Verse, NALA and Zilch, among others.
- Headquarter Istanbul, Turkey
- Founders Ahmed F Karsli, Ilker Diker
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Latest Funding Round
$25 K (USD), Grant
Oct 20, 2020
- Investors
-
Employee Count
Employee Count
-
Investments & Acquisitions
FinFree
& 4 more
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Unlock access to complete
Funding Insights of Papara
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $25,000
-
First Round
First Round
(20 Oct 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2020 | Amount | Grant - Papara | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Papara
Papara has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Inclusive Fintech 50. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Fintech startups are supported by a micro VC fund.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Papara
Papara has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include FinFree, Rebellion Pay and SadaPay. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
App-based financial research platform for stock markets
|
2020 | ||||
|
Neobank
|
2018 | ||||
|
Digital banking services for individuals are offered in Pakistan.
|
2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Papara
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Papara Comparisons
Competitors of Papara
Papara operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Venmo, MoneyGram, Verse, NALA and Zilch, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Consumer payments are enabled via a mobile digital wallet app.
|
|
| domain | founded_year | HQ Location |
Cross-border payments are enabled via wallet solutions for consumers.
|
|
| domain | founded_year | HQ Location |
Digital wallet for consumer and business payments is provided.
|
|
| domain | founded_year | HQ Location |
Cross-border remittances are enabled online for individuals worldwide.
|
|
| domain | founded_year | HQ Location |
Direct-to-consumer ad-subsidised payments network
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Papara
Frequently Asked Questions about Papara
When was Papara founded?
Papara was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Where is Papara located?
Papara is headquartered in Istanbul, Turkey.
Who is the current CEO of Papara?
Ahmed F Karsli is the current CEO of Papara. They have also founded this company.
What does Papara do?
Papara was founded in 2016 in Istanbul, Turkey, within the fintech sector. A mobile wallet solution is offered to consumers for handling financial transactions. Deposits are accepted at agent locations or via wire transfers, with stored funds transferable to bank accounts. Online payments and direct bill settlements are facilitated through the mobile platform, supporting everyday financial operations in the region.
How many acquisitions has Papara made?
Papara has made 5 acquisitions, including FinFree, Rebellion Pay, and SadaPay.
Who are Papara's investors?
Papara has 1 investor. Key investors include Inclusive Fintech 50.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.