About Turan
Turan is a company based in Istanbul (Turkey) founded in 2022 by Ibrahim Fazil Celik.. Turan has raised $2.21 million across 3 funding rounds from investors including Colendi, United Payment and Neo Portfoy. Turan operates in a competitive market with competitors including MoneyGram, Papara, Alternatif SuperApp, CarePay and Hayhay, among others.
- Headquarter Istanbul, Turkey
- Founders Ibrahim Fazil Celik
- Stage Minicorn
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.21 M (USD)
in 3 rounds
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Latest Funding Round
$1.16 M (USD), Seed
Jan 22, 2024
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Investors
Colendi
& 12 more
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Employee Count
Employee Count
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Funding Insights of Turan
Turan has successfully raised a total of $2.21M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.16 million completed in January 2024. 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.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $1.2M
- First Round First Round
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2024 | Amount | Seed - Turan | Valuation | United Payment | |
| Mar, 2023 | Amount | Seed - Turan | Valuation | United Payment , Colendi | |
| Sep, 2022 | Amount | Seed - Turan | 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 Turan
Turan has secured backing from 13 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Colendi, United Payment and Neo Portfoy. 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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Founded Year | Domain | Location | |
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Early-stage digital startups are funded by tech-focused Tera Ventures.
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Founded Year | Domain | Location | |
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Early-stage investments are made in innovative startups by Caucasus Ventures.
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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 Turan
| 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 |
Financial Statements - Turan
| 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 |
Turan Comparisons
Competitors of Turan
Turan 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 MoneyGram, Papara, Alternatif SuperApp, CarePay and Hayhay, 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 |
Cross-border payments are enabled via wallet solutions for consumers.
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| domain | founded_year | HQ Location |
Money transfers and bill payments are enabled via mobile wallet.
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| domain | founded_year | HQ Location |
App-based wallet for individuals and businesses
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| domain | founded_year | HQ Location |
Provider of a health insurance platform for global insurers
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| domain | founded_year | HQ Location |
Wallet-enabled payment processing solution for individuals
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Turan
Frequently Asked Questions about Turan
When was Turan founded?
Turan was founded in 2022.
Where is Turan located?
Turan is headquartered in Istanbul, Turkey.
Is Turan a funded company?
Turan is a funded company, having raised a total of $2.21M across 3 funding rounds to date.
What does Turan do?
Turan was founded in 2022 in Istanbul, Turkey, within the fintech sector. Local money transfers for consumers are supported through a wallet-enabled platform. Services include an NFC-enabled virtual card for payments in insurance, shopping, and bills, along with QR-code scanning options that eliminate the need for physical cards. Spending history is tracked for users. Operations focus on secure, contactless transactions in the region.
Who are the top competitors of Turan?
Who are Turan's investors?
Turan has 13 investors. Key investors include Colendi, United Payment, Neo Portfoy, APY Ventures, and Tera Ventures.
What is Turan's valuation?
The valuation of Turan is $2.46M as of Sep 2022.