Fintech world is ready for innovations

Founded by Albaraka Portfolio Management Innovation Venture Capital Investment Fund, insha Ventures started its activities in August 2020 as a subsidiary of Albaraka Türk Participation Bank. Researching, evaluating, testing and implementing technologies and applications that will bring innovative solutions to the financial needs of its customers, insha Ventures aims to develop financial technologies (fintech) projects and grow by managing them. Placing open banking in its focus, the company gathers all offered services under one roof with its Istanbul and Berlin offices with the goal of becoming a global “venture builder”. Focusing on disruptive innovation potential in many different areas such as payment, mobile banking, online money transfer, asset management, InsurTech (insurance), capital markets (financial modeling and analysis software), crowdfunding and blockchain, insha Ventures has been working as insha Digital Bank in Europe for 3 years and the acquired experience will be transferred to Turkey. insha is also the owner of projects such as apiConnect, an API service platform of Albaraka Türk Participation Bank with more than 30 APIs in 6 categories, and NakitBasit, a digital cash platform that enables withdrawal from retail chain stores with low commissions. insha Ventures previously implemented Europe’s first digital interest-free bank with insha and transformed smartphones into POS with its new generation digital payment application Alneo. Yakup Sezer, the CEO of the company, which gathers these services and new services to be introduced in the coming days under the roof of “insha Ventures”, said that: “Our aim is to be a global venture builder company and to have a say in the finance sector with the fintech ecosystem we have developed. We will primarily focus on the sales of these developed technologies by other institutions while providing services through the newly developed fintechs locally.”