We are pleased to announce that Fimple has raised USD 10 million in a follow-on investment round to accelerate our international expansion, with a strategic focus on the MENA region and the GCC markets.
We are thrilled to announce that Fimple has raised a $10 million follow-on investment, led by Ak Asset Management VC Fund, with continued support from DN Capital, Smartfin, and APY Ventures.
Accelerating Growth Across the GCC
Founded in 2022, and headquartered in London and Istanbul, we have built a fully composable, cloud-native core banking platform that can be deployed both in the cloud and on-premise. Our platform enables banks, fintechs, and financial institutions to rapidly build, launch, and scale next-generation financial products.
This new investment will support our accelerated expansion across the GCC, following the recent launch of our commercial offices in Dubai, UAE, and Riyadh, Saudi Arabia. It will also strengthen our capital structure and support our continued growth across international markets.
Scaling Our Platform and Ecosystem
With decades of combined experience in core banking, our founding team designed Fimple to address the limitations of traditional banking systems.
Our platform stands out with its flexible deployment options, rapid configurability, and a comprehensive suite of banking and lending solutions, including support for alternative and participation-based financial models.
We plan to further scale our regional presence, local partnerships, and delivery capabilities across the GCC, while expanding the deployment of our core banking, digital lending, and BNPL solutions, alongside our full-fledged Banking-as-a-Service (BaaS) offering.
Continued Product and Market Investment
With an established footprint in Türkiye and active operations across multiple international markets, this investment will also support:
- Ongoing product development
- Ecosystem and partner integrations
- Regulatory readiness tailored to GCC market requirements
We remain focused on becoming a trusted core banking technology partner for banks, fintechs, and embedded finance players as they modernize and innovate.
Göktürk Işıkpınar, CIO at Ak Asset Management VC Funds, said:
“We invest with a long-term perspective in platforms that create sustainable ecosystem value. Fimple’s modular architecture enables institutions to scale with speed and efficiency. Combined with a strong leadership team and clear strategic execution, Fimple represents a compelling investment opportunity. With an established footprint in Türkiye and active operations across international markets, Fimple is accelerating its GCC growth strategy, aiming to become the trusted core banking technology partner for banks, fintechs, and embedded finance players. The investment will further support product development, ecosystem integrations, and regulatory readiness tailored to GCC market requirements.”
Guy Ward Thomas, Partner at DN Capital, added:
“Banks globally are under pressure to replace legacy systems while competing with agile fintech
players. Fimple’s composable architecture enables institutions to launch and scale
new products quickly. We are pleased to continue supporting Fimple as it builds momentum and
expands into high-growth markets.”
Commenting on the announcement, Mücahit Gündebahar, CEO of Fimple, said:
“This follow-on investment is a strong validation of our vision and execution. With Ak joining our investor base, we are further strengthening our ability to scale responsibly and strategically. The GCC is a key growth market for us, where demand for composable and cloud-native core banking platforms is accelerating. This investment enables us to deepen our regional footprint and support more institutions as they modernize and innovate.”
Jürgen Ingels, Partner at Smartfin, commented:
“Core modernization has moved from a multi-year IT project to a strategic growth imperative.
Fimple is building the kind of future-ready banking platform that gives institutions the agility
to launch new products faster, integrate ecosystems seamlessly, and evolve without friction.
We’re proud to continue backing the team as they further accelerate internationally.”
About the Investors:
Ak Asset Management VC Fund
Ak Asset Management VC Fund is one of Türkiye’s leading asset management companies, offering a broad range of investment solutions and supporting high-growth companies with strong long-term value creation potential.
DN Capital
DN Capital is a leading European early-stage venture capital firm with operations in London, Berlin and Silicon Valley. The firm focuses on Series A investments in software, fintech and consumer internet and is one of the most active investors in applied AI. DN Capital’s mission is to support entrepreneurs in creating global category leaders. DN Capital is an early backer in companies such as AUTO1, Shazam, Remitly, Endeca, Incode, Yassir, Sanas, NiCE Cognigy, OLX, Quandoo and Hawk.
Smartfin
Smartfin is a European venture and growth capital investor managing over €600 million, specializing in technology-driven B2B companies and digital transformation.
APY Ventures
Established by Albaraka Portfolio, APY Ventures manages multiple venture capital funds and focuses on supporting technology-based and innovation-driven startups across various growth stages.