Param, one of the most valuable fintech companies in Turkiye, continues to grow abroad after its success in our country. The company announced the establishment of Amsterdam-based Param Holdings International Coöperatief U.A. on March 20, 2023, following Param UK operating in the UK.
Param, one of the most valuable fintech companies in Turkiye, continues to grow abroad after its success in our country. The company announced the establishment of Amsterdam-based Param Holdings International Coöperatief U.A. on March 20, 2023, following Param UK operating in the UK.
“Our journey from Turkiye to Europe will continue with our new investments”
Param Founder and CEO Emin Can Yilmaz: “In January, while sharing our strategy and targets for 2023, we mentioned that we will implement our Netherlands operation. We are very happy to realize this goal in the first quarter of the year. Param has pioneered the sector as a company that has grown continuously over the years since its establishment. During this growth journey, we have always set new targets for ourselves. After we started operating in the UK in 2021, we gave priority to our investments in Europe. Today we have completed the foundation phase of our Amsterdam-based company. Our journey from Turkiye to Europe will continue with our new investments after our Netherlands office. Param Holdings International Coöperatief U.A. will gather Param’s investments abroad, especially in Europe, under its roof. With the purchase of a licensed fintech in Europe, which will be completed very soon, we will have operating licenses in 8 European countries, and thanks to this expansion, we aim to generate a significant portion of our revenues in foreign currency.”
Stating that Param also drew attention from investors, Yilmaz continued his words as follows: “Last year, as a result of our success, we received an investment of $217 million, the highest valuation of the industry. Our investors, the European Bank for Reconstruction and Development (EBRD), CEECAT Capital, Alpha Associates and Revo Capital, also have partnerships in our newly established Dutch company in proportion to their investments.”
Source: Egirisim / Prepared by Irem Yildiz
