API marketplace FLYP grows with partnerships
FLYP, established within Insha Ventures, which was launched by Albaraka Türk Participation Bank and brings together many financial technology APIs and infrastructures that fintechs need on a single platform, is making new partnerships. First collaborating with Sipay, FLYP has signed six new partnerships in total, including German Pay, Elekse, Magic Pay, Magnus, Palamar and Payeni.
FLYP, which was born as a ‘Fintech as a service’ platform, provides all the consultancy services that startups may need under a single roof, in addition to the service it provides to startups. FLYP helps entrepreneurs develop much faster in the product development and commercialization stages and offers significant cost advantages.
Insha Ventures General Manager Hasan Sami Bayansar said:“The common goal of all these partnerships is to increase customer satisfaction and become a leader in the field of financial technologies by providing innovative and integrated financial services to our users through our FLYP platform. In this direction, we grow together by collaborating in competition with our business partners. We aim to contribute to the development of the fintech sector in Turkey and accelerate digital transformation processes by collaborating with strong institutions in the future.”
The goal is a strong ecosystem architecture
FLYP aims to create a range that can meet all kinds of financial needs of its users with the strong ecosystem it has created with new collaborations. The collaborations that have been realized are listed as follows:
It offers services such as open banking, e-invoice payment and insurance to Alman Pay via the FLYP platform. FLYP, which also provides consultancy and intermediary services in licensing processes, does not receive any payments or grant licenses in these processes, but supports Alman Pay by providing consultancy and intermediary services.
Elekse offers digital invoice payment and wallet services to users via the FLYP platform. The collaboration aims to offer advanced digital payment solutions to users and to facilitate invoice payment transactions.
The collaboration with Magic Pay includes developing new products in the field of payment systems and collaborating on project-based works. Within the scope of this collaboration, innovative solutions are being worked on that will improve users’ payment experience and facilitate their financial processes.
Magnus also supports FLYP customers by providing artificial intelligence-supported services in investment processes. With the collaboration with Magnus, FLYP customers will be able to be provided with artificial intelligence-supported analyses and decision support services in their investment processes. In this way, FLYP customers will be able to make more conscious and data-based investment decisions.
In the collaboration with Palamar, Palamar’s chatbot services are offered to fintechs via FLYP. Chatbots that are provided with financial experience with FLYP are continuously developed in order to increase customer satisfaction.
Payeni, on the other hand, offers personalized wallet services to the employees of corporate companies with the services it receives from FLYP. With Payeni, employees’ access to financial privileges becomes easier and it also offers many advantages with the campaigns it offers.
Focusing on common goals with strategic collaborations with companies, FLYP creates synergy by sharing its experiences within the framework of its collaborations. This strategic approach of FLYP; While enabling startups to grow faster, it also supports the development of the startup ecosystem.
