Finfree, Turkiye’s first Social Investment Platform, Receives Investment from Goodwater Capital in its pre-Series A investment round.
Finfree received investment from Goodwater Capital in its pre-Series A investment round. Finfree, which previously received follow-on investment from Gedik Investment and Papara, aims to close the pre-Series A investment round in the third quarter of this year by including other participants.
It was stated that the tour, where financial details were not disclosed, was made with the aim of increasing Finfree’s investment in social investment features and opening up to the European market.
Finfree, which has been operating in our country for a while, published the features it developed for investing in Turkish shares in 2022. Finfree, which has exceeded 200,000 users by the end of the year, has managed to grow over 50% in the last 3 months with the announcement of its social investment features.
Users can follow experienced investors, review their reports and invest in Turkish stocks on Finfree. Finfree, which provides detailed financial data and analysis tools as well as investment opportunities, aims to be the only investment application that individual investors need.
Finfree also today announced the “Super Follower” feature for financial content producers that allows them to set up their own subscription model within Finfree.
With its super-follower feature, it enables the establishment of micro-communities within the platform, enabling financial content producers who plan to establish their own community and revenue model to progress legally and easily.
In a statement about the investment, Senih Mete Dal, one of the founding partners of Finfree, said:
“As Finfree, we started out 2 years ago thinking that individual investors would gain a lot of importance and that these people would need a platform, and Turkiye’s largest independent brokerage house and financial technology company became our partner. In this direction, the fact that Goodwater, one of the world’s largest mutual funds, is with us today encourages us to work for individual investors with great enthusiasm. With this tour, we will enlarge our social characteristics before the Series A investment, and together with our partners, we will ensure that individual investors, both in Turkiye and abroad, can invest in the most affordable prices.”
Source: Egirisim / Prepared by Irem Yildiz