As of June 2026, Turkey’s fintech ecosystem includes 1,076 companies in total, of which 838 are currently active, according to Turkey’s Fintech Outlook Report (Türkiye Fintech Görünüm Raporu). That figure has grown substantially from 729 companies in 2021, reflecting one of the fastest-expanding fintech markets among emerging economies. Payments remains the largest single vertical, accounting for roughly 305 of the active companies, ahead of digital banking, blockchain and crypto, insurtech, regtech, wealthtech, and B2B/corporate finance.
This article breaks down what those numbers mean, then profiles notable companies across Turkey’s major fintech categories — useful both as a market overview for investors and as a reference for anyone mapping the Turkish fintech landscape.
How Many Fintech Companies Are There in Turkey? (June, 2026)
| Metric | Figure |
|---|---|
| Total fintech companies (May 2026) | 1,076 |
| Active companies | 838 |
| Inactive / dormant companies | 238 |
| Total companies in 2021 | 729 |
| Largest vertical | Payments (~305 companies) |
The gap between total and active companies (238 inactive) is a normal feature of a maturing startup ecosystem — it reflects both natural attrition among early-stage ventures and consolidation as larger players acquire smaller ones. Turkish fintechs completed 9 acquisitions worth $447 million in 2024 and 6 acquisitions worth $271 million in 2025, indicating that consolidation is an active dynamic in the market rather than a sign of stagnation.
On the investment side, 2025 was a record year for early-stage funding into Turkish fintechs, with angel and venture capital investment reaching $220 million across 42 funding rounds — the highest annual total on record for the sector.
Notable Turkish Fintech Companies by Category
The list below is not exhaustive — with 838 active companies, no single article could be — but highlights well-known, internationally recognized, or category-defining companies across Turkey’s major fintech verticals.
Payments
- Sipay — a Turkish payment infrastructure provider that has repeatedly been recognized in CNBC and Statista’s “World’s Top Fintech Companies” global ranking, most recently in the 2026 edition’s Payments category.
- iyzico — one of Turkey’s earliest and best-known payment gateway companies, founded in 2013 and acquired by global payments company PayU in 2019.
- Param — a payment and card infrastructure company recognized on Forbes Turkey’s Girişim 50 list of standout startups.
- Craftgate — a payment infrastructure and orchestration platform, also recognized on Forbes Turkey’s Girişim 50 list.
Digital Banking & Digital Wallets
- Papara — Turkey’s most internationally recognized fintech brand, with more than 20 million users. Papara has been named among the world’s top 35 neobanks by CNBC and Statista.
- Enpara — QNB’s digital-only banking brand, one of Turkey’s longest-running branchless banking services, known for commission-free investment products.
- Pokus — a digital wallet and card service built on Türk Telekom’s infrastructure, launched in 2021.
- ON Dijital — Burgan Bank’s digital banking platform, which has launched AI-powered customer feedback and analytics tools as part of its digital transformation push.
Blockchain & Crypto
- BtcTurk — one of Turkey’s largest and longest-operating cryptocurrency exchanges.
- Paribu — a major Turkish crypto exchange serving approximately 6 million users since its 2017 launch.
- Inveo Kripto — the blockchain-focused arm of Inveo Investment Holding Group, active in Web3 infrastructure partnerships.
Insurtech
- Sigortam.net — an online insurance comparison and purchasing platform, which became the first Turkish company to enter CNBC and Statista’s Insurtech category in the “World’s Top Fintech Companies” global ranking, in the 2026 edition.
Regtech & Compliance
- Sanction Scanner — an AML and compliance technology company with an API-based infrastructure serving over 800 companies across more than 70 countries, including banks, fintechs, and crypto platforms. The company won G2’s Best Governance, Risk & Compliance award in 2026.
- TeamSec — a capital markets and structured finance fintech operating a “Securitization as a Service” model, also recognized on Forbes Turkey’s Girişim 50 list.
B2B Finance & Lending
- Tarfin — an agri-fintech platform providing financing to farmers and agricultural businesses.
- Figopara — a supply chain finance platform that lets companies discount e-invoices before their due date.
- BulutTahsilat — an all-in-one financial services and collections platform built on open banking architecture.
Accounting & Financial SaaS
- Paraşüt — a widely used accounting, invoicing, and financial management SaaS platform for Turkish SMEs and freelancers.
Why This Matters for Investors and Global Observers
Two things stand out about Turkey’s fintech company count in a global context. First, the growth trajectory — from 729 companies in 2021 to 1,076 in May 2026 — represents sustained expansion even as global fintech funding has been more selective since the highs of 2021. Second, the sector’s international recognition is increasing in parallel: two Turkish companies (Sipay and Sigortam.net) appeared in CNBC and Statista’s 2026 “World’s Top Fintech Companies” ranking, a list drawn from an initial pool of 3,500 companies worldwide narrowed to 500 across eight categories — a meaningful signal that Turkish fintechs are competing on criteria that go beyond domestic market size.
Frequently Asked Questions
How many fintech companies are there in Turkey? As of May 2026, Turkey has 1,076 total fintech companies, of which 838 are active, according to Turkey’s Fintech Outlook Report.
What is the largest fintech vertical in Turkey? Payments is the largest vertical, with approximately 305 active companies as of May 2026.
Which Turkish fintech companies are recognized internationally? Sipay (Payments) and Sigortam.net (Insurtech) both appeared in CNBC and Statista’s “World’s Top Fintech Companies 2026” global ranking. Papara has separately been named among the world’s top 35 neobanks by the same publications.
How much funding did Turkish fintechs raise in 2025? Early-stage angel and venture capital investment into Turkish fintechs reached $220 million across 42 rounds in 2025, a record for the sector.
Is the number of Turkish fintech companies still growing? Yes. The total count grew from 729 companies in 2021 to 1,076 by May 2026, alongside active consolidation activity, including $447 million in acquisitions in 2024 and $271 million in 2025.
This article is part of Fintech in Türkiye’s ongoing coverage of Turkey’s fintech ecosystem. For the latest company news and funding announcements, explore our Startups & Funding section.
