About Param
Param is a company based in Ankara (Turkey) founded in 2014 by Emin Can Yilmaz and Serhan Yilmaz. It operates as a FinTech, and Commission-Based. Param has completed 4 acquisitions, including Nebim, PayCore and Twisto. Param offers products and services including ParamKart, ParamPOS, and Findeks Risk Report. Param operates in a competitive market with competitors including Ezetap, 2can, Paynet, SignCatch and PayTR, among others.
- Headquarter Ankara, Turkey
- Founders Emin Can Yilmaz, Serhan Yilmaz
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Sectors
Financial Services
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Email
***********
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Phone
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Website
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Social
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- Legal Name Turk Elektronik Para A.Ş.
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Products & Services of Param
Param offers a comprehensive portfolio of products and services, including ParamKart, ParamPOS, and Findeks Risk Report. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Prepaid card offering cashback on various purchases.
Payment solution enabling secure and fast transactions.
Service providing instant credit risk score reports.
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Funding Insights of Param
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Seed - Param | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Param
Param has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include EBRD, Alpha Associates and CEECAT Capital. 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 |
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Private equity and debt fund focused on small and mid-cap companies
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Founded Year | Domain | Location | |
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Corporate advisory services are provided across multiple sectors.
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Founded Year | Domain | Location | |
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Investments are directed by Revo Capital toward Turkey-based startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Param
Param has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Nebim, PayCore and Twisto. 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 |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Personal credit line loans are offered to consumers online.
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2013 | ||||
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Digital payment solutions are provided for businesses and institutions.
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2001 | ||||
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Digital transformation services, including digitisation and Salesforce implementation, are provided.
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1992 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Param
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Param Comparisons
Competitors of Param
Param 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 Ezetap, 2can, Paynet, SignCatch and PayTR, 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 |
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| domain | founded_year | HQ Location |
Cloud-based mPOS software and hardware solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Card payments are enabled on smartphones for Russian merchants.
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| domain | founded_year | HQ Location |
Payment gateways, PoS terminals, and accounting software are provided.
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| domain | founded_year | HQ Location |
SaaS-based PoS platform integrates systems with websites and mobile apps.
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| domain | founded_year | HQ Location |
Virtual POS solutions are offered for eCommerce and physical stores.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Param
Frequently Asked Questions about Param
When was Param founded?
Param was founded in 2014 and raised its 1st funding round 8 years after it was founded.
Where is Param located?
Param is headquartered in Ankara, Turkey. It is registered at Ankara, Ankara, Turkey.
Who is the current CEO of Param?
Emin Can Yilmaz is the current CEO of Param. They have also founded this company.
What does Param do?
Param is established as an electronic money institution authorized by the Central Bank of Turkey. It is focused on providing digital financial solutions, including prepaid cards like ParamKart with cashback benefits and payment systems such as ParamPOS for secure transactions. Services are offered to both individual and corporate clients across various sectors. Innovative financial technology solutions are developed to enhance asset value and facilitate seamless money management. Operations are extended to Europe through ParamEU, integrating financial networks for broader accessibility.
What products or services does Param offer?
Param offers ParamKart, ParamPOS, and Findeks Risk Report.
How many acquisitions has Param made?
Who are Param's investors?
Param has 4 investors. Key investors include EBRD, Alpha Associates, CEECAT Capital, and Revo Capital.
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