Onlayer Secures $1M Pre-Series A to Expand Risk Management Solutions

Kıvanç Harputlu, Onlayer Co-Founder & CEO

Onlayer, a local startup offering end-to-end risk management, received $1 million in investment in the pre-Series A round. Maxis Innovative Venture Capital Investment Fund, Ömer Erkmen, Burak Dayıoğlu, Styze Koolen, Mehmet Ali Tombalak, Mehmet Sait Halıcı and Global Trust Venture Capital participated in the round led by Gelecek Etki Fonu, which is managed in partnership with Vestel Ventures and Tacirler Portfolio Management.

Onlayer offers end-to-end risk management solutions to banks and payment service providers against compliance, fraud, scams and financial risks. The platform also provides users with real-time monitoring, intelligent risk prediction, simplified compliance and actionable insights.

Operating in 10 countries in the EMEA region, the startup aims to expand in the Middle East, Africa and Asia-Pacific markets with the investment. The local startup also plans to provide employment, especially in the fields of data analysis and artificial intelligence development, as part of its growth strategies.

Onlayer Co-Founder and CEO Kıvanç Harputlu said, “This investment has a strategic impact not only financially but also in terms of our growth targets abroad. The continued support of our current investors and the participation of new investors are important indicators of the trust in Onlayer’s innovation-focused vision. We aim to reach a stronger position abroad by focusing on the Middle East, Africa and Asia-Pacific markets. We see great opportunities in these markets beyond traditional markets such as Europe and the US in terms of the development of financial technology.”

Source: Swipeline