About Parasut
Parasut is a company based in Istanbul (Turkey) founded in 2013 was acquired by Turkven in May 2019. Parasut has raised $3.99 million across 3 funding rounds from investors including Ribbit Capital, Diffusion Capital Partners and Revo Capital. Parasut offers products and services including Paraşüt Software, e-Fatura Service, and Bank Integration. Parasut operates in a competitive market with competitors including Model N, HighRadius, Nomba, Apttus and Xifin, among others.
- Headquarter Istanbul, Turkey
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Sectors
Technology
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Email
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Phone
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Website
Locked
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$3.99 M (USD)
in 3 rounds
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Latest Funding Round
$2 M (USD), Series B
Oct 24, 2016
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Investors
Ribbit Capital
& 4 more
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Employee Count
Not available
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Acquired by
Turkven
(May 29, 2019)
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Products & Services of Parasut
Parasut offers a comprehensive portfolio of products and services, including Paraşüt Software, e-Fatura Service, and Bank Integration.
Cloud-based tool for managing finances and e-invoices.
Electronic invoicing solution for business compliance.
Integration for tracking transactions and cash flow.
People of Parasut
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Funding Insights of Parasut
Parasut has successfully raised a total of $3.99M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $2 million completed in October 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Parasut
Parasut has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Ribbit Capital, Diffusion Capital Partners and Revo Capital.
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Investments are directed by Revo Capital toward Turkey-based startups.
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Early-stage companies in fintech and multiple sectors are invested in.
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Investor details for Parasut
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by Parasut
Investment portfolio details for Parasut
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Financial Statements - Parasut
Detailed financials for Parasut
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Parasut Comparisons
Peer comparison for Parasut
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Competitors of Parasut
Parasut 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 Model N, HighRadius, Nomba, Apttus and Xifin, among others.
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Cloud-based revenue management solution for life sciences and hi-tech companies
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Autonomous finance and payment solutions are provided to businesses.
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App-based payment solutions are offered for small and medium businesses.
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Quote-to-cash solutions for businesses
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Cloud-based billing & revenue cycle management solutions for diagnostic service providers
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Detailed competitors of Parasut
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Latest news on Parasut
Complete news archive for Parasut
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Frequently Asked Questions about Parasut
Parasut was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Parasut is headquartered in Istanbul, Turkey.
Parasut is a funded company, having raised a total of $3.99M across 3 funding rounds to date.
Parasut was founded in 2013 in Istanbul, Turkey, focusing on financial software for small and medium enterprises. Cloud-based tools for invoice management and collections are offered, including features such as invoice tracking, recurring billing, current account monitoring, income and expense recording, and reporting capabilities. The platform operates across Android and iOS devices to support business operations in the region.
Parasut's top competitors include Model N, Nomba and HighRadius.
Parasut offers Paraşüt Software, e-Fatura Service, and Bank Integration.
Parasut has 5 investors. Key investors include Ribbit Capital, Diffusion Capital Partners, Revo Capital, 500 Global, and Turkven.