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Turkish startups draw $1.8 billion

Turkish technology startups drew a total investment of $1.8 billion in 2022 despite a 35 percent decrease in global startup investments, increasing expectations for 2023.

According to a report by StartupCentrum, 322 Turkish startups received an investment of $1.8 billion in 2022, slightly up from $1.6 billion the previous year.

Turkish fintech companies have potential to become unicorns

Fintech ecosystem is growing fast in Türkiye and those financial technology companies have the potential to become unicorns, said Ufuk Bilgetekin, head of the Türkiye Payment and Electronic Money Institutions' Association (TÖBED).

After the Central Bank gave its approval to 16 more firms to operate in the industry, the number of authorized electronic money institutions rose to 42.

Innovative Companies can Win 1M EUR in CEE Startup Challenge by Vestbee

Innovative startups and scaleups from Central & Eastern Europe (CEE) have a chance to win 1 Million Euro investment from Next Road Ventures and over 200 000 EUR in many valuable prizes in the CEE Startup Challenge, the biggest online competition for regional fundraising startups and scaleups, organized by Vestbee, the leading matchmaking pl

Startups draw $1.5 billion in investments

Turkish startups attracted investments totaling about $1.5 billion last year, according to a report released by Startup Centrum on Jan. 19. 

The total volume of investments in Turkish startups increased by ninefold in 2021 compared to the previous year, said Startup Centrum, a digital community that gets startups, talents, investors and incubators together.

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