Fimple Secures $12M in Series A Funding to Expand Banking Solutions
Deal News | Feb 18, 2025 | DN Capital Limited
Fimple, a prominent provider of cloud-based core banking software, has successfully raised $12 million in a Series A funding round led by DN Capital and Smartfin, with support from existing investors Albaraka Portfolio and Tera Portfolio. The funding will allow Fimple to develop its offerings further and expand its market presence, specifically targeting MENA and CIS regions. Fimple's platform features versatile deployment options and a comprehensive suite of banking and lending modules, including Sharia-compliant finance support. This investment aims to help financial institutions transition from outdated systems and meet the needs of modern banking more efficiently.
Sectors
- Financial Technology
- Banking and Finance
Geography
- Turkey – Fimple is founded in Turkey and looks to expand its influence starting from Turkey.
- MENA Region – The expansion focus includes the Middle East and North Africa region, where Fimple aims to strengthen its market position.
- CIS Region – CIS (Commonwealth of Independent States) is a target region for Fimple's expansion strategy.
Industry
- Financial Technology – The article revolves around Fimple, a fintech company developing core banking software solutions.
- Banking and Finance – Fimple's solutions are aimed at improving banks and financial institutions' services, making this sector relevant.
Financials
- 12 million – The total funding amount secured in the Series A round by Fimple.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Fimple | Target Company | Company | A leading provider of cloud-native core banking software solutions. |
| DN Capital | Lead Investor | Company | A private equity firm leading the Series A funding round for Fimple. |
| Smartfin | Investor | Company | An investment firm participating in Fimple's Series A funding round. |
| Albaraka Portfolio | Existing Investor | Company | A firm that participated again in Fimple's funding round. |
| Tera Portfolio | Existing Investor | Company | A firm that continued its investment in Fimple during the Series A round. |
| Mcahit Gndebahar | CEO | Person | Founder and CEO of Fimple, leading the charge in expanding the company's market reach. |
| Abdurrahman nar | Co-Founder | Person | Co-Founder of Fimple, contributing decades of core banking expertise. |