Future of Fintech in Turkey

What is Paraşüt

Our Team

Andaç Türkmen

CTO

Barış Gümüştaş

YAZILIMCI

Oytun E. Yücel

YAZILIMCI

Tuğçem Yalçın

YAZILIMCI

Emre Kutlu

YAZILIMCI

Nergis Sungur

PAZARLAMA DİREKTÖRÜ

Sena Yallagöz

PAZARLAMA UZMANI

Fahri Özkaramanlı

TASARIMCI

L. Daniel Swakman

TASARIMCI

Yazılım Tasarım Pazarlama

Sean X Yu

CEO

Strateji ve Yönetim

What is Fintech

Fin·Tech noun : an economic industry composed of companies that use

technology to make financial systems more efficient.

Wharton FinTech Club

In the Beginning

History of Money

Method Technology Enabler

In the beginning: Barter Speech

9000-6000 BC: Cattle Animal husbandry & agriculture

1000 BC: Metal & coins Bronze age

500 BC: Modern coinage Iron age, metallurgy

800 AD: Paper currency (China) Printing

1950s: Credit cards Digital technology

1980s-90s: Online (electronic) banking Internet

Today? Mobile, Cloud, Encryption, Internet of Things, …

Bank as Money Intermediary

Mortgage

Savings

Shopping

Credit

Insurance

Investment

Deposits

Working Capital

Payroll

Wire Transfers

Invoice Factoring

Capex

Areas for Partnering with Startups

Landscaping UK Fintech, E&Y

Enablers

• Haphazard systems/regulations giving way to systematic

systems/regulations

• Existing infrastructure allows/requires even more innovations

• New technologies allows cheaper delivery of solutions & hardware

(esp. to the underserved)

• Pressure on finance industry to reduce costs, abide regulations, &

innovate

• Consumers increasingly demand better experience

Fintech Today

Each Subsector Is Immense

Fintech Touches All Sectors

Fintech Financing

Notable Companies: Simple

Simpler, smarter, better online banking. Acquired by BBVA for $117mm

Notable Companies: Dwolla

Faster, cheaper payments. Partners with credit unions and banks.

Notable Companies: Plaid

API allows developers to build banking apps, in hours.

Enablers in Turkey

• Robust banking infrastructure

• E-Şirket

• Peculiarities of Turkish regulations and taxation (+/-)

• High internet penetration & growing mobile penetration

Turkey Fintech Today

Lending / Credits SME Finance Personal Finance / Consumer Banking

Payments

P2P / Crowdfunding Banking Infrastructure Remittances / Money Transfer

Investments

??

Payments are Hot

Limitations

• Banks traditionally do not outsource / partner

• Turkish regulations are tough

• Capital needs beyond capabilities of Turkish startups

• Takes sector expertise to spot opportunities

But where there are big, challenging, overlooked problems, there lies

huge opportunities