New VCIF with a fund size exceeding ₺100 million from Insha Ventures

Fintech startup founder insha Ventures established a venture capital investment fund worth over ₺100 million. While Insha Ventures expands its field of activity with this new fund, it aims to invest in its own brands and fintech initiatives.

Fintech venture founder insha Ventures, launched by Albaraka Turk Katilim Bankasi, established a venture capital investment fund worth over ₺100 million under the leadership of Albaraka Portfolio Management.

Insha Ventures, which continues its work with the understanding of “end-to-end builds, grows and invests in Fintech”, will expand its field of activity with this new fund, as well as invest in its brands and startups that it sees potential in the Fintech field.

Will invest in 3 different ventures in 2024

Commenting on the issue, Insha Ventures General Manager Hasan Sami Bayansar said;

“As Insha Ventures, we operate as a ‘venture builder’ that provides a wide range of support to our brands, from operations to marketing, from strategy to sales channels. The main focus of the fund we established with the initiative of Albaraka Portfolio Management is to support projects that need to be developed and expanded. In line with this focus, our priority is to spin-off (corporatize) the projects and products under the umbrella of Insha Ventures. In this way, we will enable our projects to grow further by turning them into independent companies. In the future, we aim to support not only our own projects but also initiatives that have the potential to create value in the Fintech vertical. In this context, we aim to strengthen our presence in the sector by investing in 3 different initiatives in 2024.”

Source: Egirisim / Prepared by Irem Yildiz

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