A tale of 44 cities | Istanbul S e l f e v a u l a t i o n o f tH h eu hb u bi in nd i sc High Rankixa t ko e yr s a r e a Istanbuls Best workspace and accelerators Hub features Top FinTech companies Hub profile Technologies IyziCo, Ininal, Parasut and Cardtek. B ud a Big investors pes Data analytics MtG MV Holding, Revo Capital and 212. o Mobile ov se cr on APIs wm e Success stories Gn l o b a l F Payment gateways it Cn es n t r eu The Turkish ecosystem succeeded at enabling a co-opetition culture in the I5p stan7p Credit and debit cards bo highly competitive market. 2016 saw the launch of FinTech specific accelerator ur lt programmes, workshops, entrepreneurship programmes and international Innovation areas conferences; and FinTech startups received half of the total startup investments M in 2016. an n a mo Back-office operations ai t Istanbul is advantageously located, being only four hours’ flight away a v Etohum Retail banking o nIn ITU Cekirdek From a startup company perspective, Iyzico, which is a payment service provider n I from global leading markets such as London and Dubai, where it is n E-commerce alxINDEX SCOREo Kolektif House (PSP) for online businesses and enterprises, is a success story. Iyzico raised bev oda Identity management committed to developing new businesses. Istanbul has a vision to Gln2t Kworks $13 million in Series C round and is planning to expand into the Middle East Mexico CityI4i o Payment become a regional centre of finance within the next 10 years and this c n Starters HUB and Europe markets. is incorporated in the government’s plans. Turkey has a very strong 168utlu Startupbootcamp Istanbul banking sector as well as a skillful workforce and digitisation within the er Challenges The future banking sector is creating opportunities for talented individuals to Regulatory barriers Our expectation is to see new FinTech startups with innovative solutions emerge Low Rank96B Low access to capital from the market over the next 12 months. With this, we also expect to see a explore new innovative ideas in FinTech. nisuoD greater spread of funding opportunities and continued growth in the Turkish segni Limited exit opportunities s FinTech ecosystem. tise Reper gulao ex tionty t imi rox P Hub representative FinTech IstanbulFormers eign sto custo CEOartupsProximity t Selim Yazici 39