13.1 C
London
Friday, September 12, 2025
HomeBusinessFibabanka and GetirFinans Unveil Türkiye’s First Banking as a Service Platform

Fibabanka and GetirFinans Unveil Türkiye’s First Banking as a Service Platform

Date:

Related stories

Ecommpay achieves double shortlisting at the UK eCommerce Awards

Ecommpay, the inclusive global payments platform, has secured two...

Singapore’s Carro Accelerates Global Expansion with Australia Entry and Stock Market Plans

A disruptive growth strategy, including aggressive acquisitions and takeovers,...

How to Win QLD Workers Compensation Benefits

In Queensland, securing workers' compensation benefits after a workplace injury...

Tipple secures €4M seed funding to reshape the $1.6 trillion global alcohol industry

Tipple, a Dublin-based startup founded by gin distiller turned...

In a significant partnership, Fibabanka and GetirFinans have launched Türkiye’s first Banking as a Service (BaaS) platform, enabling businesses to offer integrated financial services. This platform, a first for Türkiye, will expand internationally, starting with the UK.

As a leader in Türkiye’s banking industry, Fibabanka has collaborated with GetirFinans, which secured $70 million in investment last year, with a valuation of $250 million. This partnership allows non-banking businesses to seamlessly integrate financial services into their operations, forming part of Fibabanka’s strategy to expand its BaaS platform across various sectors.

Fibabanka’s advanced digital platform drives the BaaS model, offering businesses the ability to incorporate banking features directly into their platforms. With this initiative, Fibabanka is positioning itself as a leader in the Turkish financial services sector.

Transforming Financial Services

The partnership with GetirFinans serves as the first use case for Fibabanka’s BaaS platform. Integrated within the Getir app, GetirFinans allows users to access a range of banking services, including account management, card issuance, and payments, without requiring a banking licence. Fibabanka’s digital infrastructure powers these services, enabling GetirFinans to focus on its primary business functions.

With over 500 APIs, Fibabanka’s platform enables businesses to seamlessly incorporate financial services, providing a cost-effective solution to meet rising customer demand. From large retailers to fintech startups, businesses can leverage this platform to integrate financial services into their operations.

Ömer Mert, General Manager and Member of the Board of Directors at Fibabanka, stated: “As consumer expectations around financial services evolve, businesses are seeking ways to offer seamless and integrated experiences through their own platforms. Our Banking as a Service model responds directly to these demands by enabling businesses outside the banking sector to access financial infrastructure easily. The GetirFinans collaboration is just the first step, and we look forward to expanding our platform further to meet the needs of various industries and countries.”

Increasing Financial Accessibility

Fibabanka’s BaaS platform is designed to improve financial inclusion by making banking services more accessible. By partnering with companies like GetirFinans, Fibabanka is extending its reach beyond traditional banking to offer innovative solutions that address the evolving needs of businesses and consumers.

The platform also offers significant operational benefits by reducing the costs and complexities typically associated with providing financial services. Fibabanka manages the backend processes that require a banking licence, allowing businesses to focus on customer growth and satisfaction.

Looking to the Future

The launch of Fibabanka’s BaaS platform marks the beginning of a broader plan to revolutionise financial services. The bank intends to expand its digital services to more industries and countries, using cutting-edge technology to benefit both businesses and their customers. This initiative positions Fibabanka as a key innovator in the future of financial services.

“We are proud to be at the forefront of this shift in the banking landscape,” Mert added. “As the destination for BaaS in Türkiye, Fibabanka will continue to build on this model, offering new collaborations that meet the needs of our partners and their customers. Our mission is to redefine the boundaries of digital banking through innovation, and this is just the first of many milestones we intend to achieve.”

Sam Allcock
Sam Allcockhttps://prfire.co.uk
Sam Allcock is the founder of PR Fire. He helps small to medium-sized businesses land coverage in publications like BuzzFeed, Metro, The Huffington Post, and The Telegraph through smart press release distribution. Contact: Sam@prfire.com

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

LEAVE A REPLY

Please enter your comment!
Please enter your name here