Onlayer Raises $8.2M Series A to Scale Fintech Infrastructure

Onlayer Co-Founders: Emre Aydin (CTO), Kıvanç Harputlu (CEO), and Tunç Yıldırım (COO)

Last February, Onlayer, a company that provides technology-focused solutions to the financial sector, had secured $1 million in a pre-Series A funding round. Onlayer, which offers a solution that combines revenue, compliance, and risk management on a single platform for corporate clients of banks, payment institutions, and fintechs, announced the new round of funding.

According to information provided by Onlayer, the startup has raised  $8.2 million in its Series A funding round. Onlayer's $8.2 million Series A round was led by Oleka Capital. Other participants in the round include Deniz Ventures, the venture capital arm of DenizBank, part of the Emirates NBD Group; Revo Capital; Turkey Development Fund (INVEST101); Sandeep Gomes; Vestel Ventures; and the Future Impact Fund, managed in partnership with Tacirler Portfolio Management.

As a reminder, Onlayer operates in 12 countries, with offices in London, Dubai, and Saudi Arabia. According to information shared by Onlayer, the new investment will be used to support the company's rapid growth plans in the Middle East, Africa, and Asia Pacific regions.

Kıvanç Harputlu, Onlayer's Founding Partner and CEO, stated that they are proud to be a leading player redefining global standards in their 6th year, thanks to the great efforts of their entire team, customers, and investors, and what they have learned from Turkey's banking maturity. He added that with this investment, they will work with all their might towards their goal of becoming the world's leading technology provider in this vertical they serve.

Oleka Capital Managing Partner İlker Sözdinler stated that Onlayer has fundamentally changed the relationships between financial institutions and their corporate customers, and expressed their pride in leading this round as the first investment of their growth fund.

Source: Webrazzi