About Turan
Turan is a Financial Services company based in Istanbul (Turkey) founded in 2022 by Ibrahim Fazil Celik. Local money transfers are enabled via wallet-linked NFC virtual cards. Turan has raised $2.21 million across 3 funding rounds from investors including Colendi, United Payment and Neo Portfoy. Turan was last valued at $2.46 million in September 2022. Its website turan.app draws about 11 thousand monthly visits. Its focus areas include FinTech, Payments, Consumer Payments and Wallets. Its competitors include Papara, Alternatif SuperApp and Hayhay; 1 of its 3 listed competitors has raised funding.
Company details
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.
- Total Equity Funding$2.21M (USD)
in 3 rounds
- Latest Funding Round$1.16M (USD), Seed
Jan 2024
- InvestorsColendi
& 12 more
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 $2.21M
- Total Rounds 3
- Last Round Seed — $1.16M
- Investors Count 13
All 3 funding rounds of Turan with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2024 | $1.16M | Seed | – | United Payment | |
| Mar 2023 | $1.05M | Seed | – | United Payment, Colendi | |
| Sep 2022 | Seed | $2.46M | – |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2022 | $2.46M | •••••••• |
Last known valuation $2.46M (Sep 2022). 13 investors in total: 8 institutional and 5 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| apyventures.com | ||||
Early-stage digital startups are funded by tech-focused Tera Ventures. | tera.vc | Tallinn, Estonia | ||
Early-stage investments are made in innovative startups by Caucasus Ventures. | caucasus.vc | |||
Diversified payment processing solutions for businesses are offered. | 2010 | unitedpayment.com | Sisli, Turkey | |
Point-of-sale financing is enabled via a P2P platform. | 2016 | colendi.com | London, United Kingdom | |
Provider of asset management services | 2017 | neoportfoy.com.tr | Sisli, Turkey | |
Provides portfolio management for investment funds like real estate and securities. | 2015 | re-pie.com | Saryer, Turkey | |
Provides investment fund management for individual and institutional investors. | 2015 | kuveytturkportfoy.com.tr | Istanbul, Turkey | |
IE Ihsan Elgin | Angel investor, entrepreneur, focused on tech startups in India and globally. | unknown_69053458e3214ea78 | ||
MT Metin Tarakçı | unknown_963ec15f501c455cb |
Investor details for Turan
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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People of Turan
1 people are tracked at Turan (1 in leadership).
| Name | Role | Group |
|---|---|---|
Ibrahim Fazil Celik | Co-Founder | Leadership |
Complete people profiles for Turan
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Timeline of Turan
4 dated milestones of Turan across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Turan is founded.
- Funding First funding round.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $1.2M.
Competitors of Turan
Turan has 3 listed competitors in our database, 1 of them funded. They include Papara, Alternatif SuperApp and Hayhay.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| papara.com | 2016 | Istanbul, Turkey | Money transfers and bill payments are enabled via mobile wallet. | |||
| alternatif.app | 2021 | Kagithane, Turkey | $5.61M | App-based wallet for individuals and businesses | ||
| hayhay.com | 2020 | Istanbul, Turkey | Wallet-enabled payment processing solution for individuals |
Detailed competitors of Turan
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- Full competitor set
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Web traffic of Turan
The website of Turan (turan.app) receives about 11.3K visits a month.
- Monthly visits11.3K
▼ 46.5% vs previous month
Websites whose visitors overlap most with Turan. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| hayatfinans.com.tr | 100% | 100.9K | #665,900 | View details |
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Frequently Asked Questions about Turan
Turan was founded in 2022.
Turan is headquartered in Istanbul, Turkey.
Turan is a funded company, having raised a total of $2.21M across 3 funding rounds to date.
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.
Turan's top competitors include Papara, Alternatif SuperApp and Hayhay.
Turan has 13 investors. Key investors include Colendi, United Payment, Neo Portfoy, APY Ventures, and Tera Ventures.
The valuation of Turan is $2.46M as of Sep 2022.