Onlayer Secures Investment from Gelecek Etki Fonu

Deal News | Feb 24, 2025 | CEE Legal Matters

Onlayer Secures Investment from Gelecek Etki Fonu

Turunc has advised Gelecek Etki Fonu (Future Impact Fund) in its investment round in Onlayer. This round of investment also saw active participation from Maxis, Global Trust Ventures, and individual investors. Onlayer, notable for its provisioning of onboarding, monitoring, and compliance management tools specifically for banks and payment service providers, received guidance from Cigdemtekin Cakirca Aranci for this deal. Gelecek Etki Fonu, a venture capital fund regulated by the Capital Markets Board, is managed through the cooperative effort of Tacirler Asset Management and Vestel Ventures. The strategic investment aims to bolster Onlayer's offerings and broaden its market presence. The advisory team from Turunc law firm for this transaction included several key figures: Managing Partner Kerem Turunc, Partner Esin Camlibel, Managing Associates Naz Esen and Beste Yildzili Ergul, and Associate Yagmur Aker.

Sectors

  • Venture Capital
  • Financial Technology
  • Legal Advisory

Geography

  • Turkey – Gelecek Etki Fonu is regulated by Turkey’s Capital Markets Board, and the advisory firms involved are based in Turkey.

Industry

  • Venture Capital – Gelecek Etki Fonu is a venture capital fund participating in this investment round.
  • Financial Technology – Onlayer provides technology solutions tailored for banks and payment service providers.
  • Legal Advisory – Turunc and Cigdemtekin Cakirca Aranci played advisory roles in the investment deal.

Financials

    Participants

    NameRoleTypeDescription
    OnlayerTarget CompanyCompanyProvider of onboarding, monitoring, and compliance management tools for financial institutions.
    Gelecek Etki Fonu (Future Impact Fund)InvestorCompanyA venture capital fund regulated by the Capital Markets Board and managed by Tacirler Asset Management and Vestel Ventures.
    MaxisInvestorCompanyParticipated in the investment round for Onlayer.
    Global Trust VenturesInvestorCompanyParticipated in the investment round for Onlayer.
    TuruncLegal AdvisorCompanyAdvised Gelecek Etki Fonu on the investment in Onlayer.
    Cigdemtekin Cakirca AranciLegal AdvisorCompanyAdvised Onlayer in the investment deal.
    Tacirler Asset ManagementFund ManagerCompanyCo-manages Gelecek Etki Fonu.
    Vestel VenturesFund ManagerCompanyCo-manages Gelecek Etki Fonu.