Turkish FinTech Mundi Secures $2.5M Investment to Revolutionize SME Treasury Management

Turkish FinTech Mundi Secures $2.5M Investment to Revolutionize SME Treasury Management

Mundi, a prominent Turkish FinTech firm, has recently made headlines by securing a significant investment of $2.5 million. This funding is aimed at enhancing its treasury management solutions tailored for small and medium-sized enterprises (SMEs). With the backing of reputable European venture capital firms, Mundi is set to expand its product offerings and market presence.

Investment Details

The latest funding round attracted notable participation from Speedinvest, a leading European venture capital firm, alongside DeBa Ventures. This investment will play a crucial role in empowering Mundi to address the financial challenges faced by SMEs, traditionally catered to by larger corporations.

Innovative Treasury Management Solutions

Mundi’s platform is designed to assist businesses in optimizing their financial management through:

  • Overnight accounts for effective savings management
  • A variety of alternative investment products
  • Seamless account opening and cash management solutions

By ensuring regulatory compliance, Mundi is dedicated to making sophisticated treasury services accessible to SMEs.

Future Growth Strategy

The new funding will facilitate the development of additional treasury management products and bolster Mundi’s sales operations. As part of its growth strategy, Mundi has submitted an application to the Capital Markets Board of Türkiye for a portfolio management license. If granted, this license will enable Mundi to introduce a comprehensive range of investment products specifically designed for SMEs.

Key Investors

The investment round also saw contributions from existing investors including:

  • Can and Murat Yücaoğlu
  • Birol Yücel of Map Capital Partners
  • Göktekin Dinçerler, chairman of Mikrogroup
  • Andaç Türkmen, founding CTO of Paraşüt

Additionally, several angel investors participated, including former CEOs of prominent banks such as Yapı Kredi and Garanti Bank.

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Conclusion

With this substantial investment, Mundi is poised to revolutionize treasury management for SMEs in Turkey and beyond. By bridging the financial gap typically reserved for larger corporations, Mundi is not only enhancing its product offerings but also paving the way for a more inclusive financial landscape.

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