# TURAN Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/turan-technology

- Industry: Financial Services
- Headquarters: Istanbul, Turkey
- Website: www.turan.app
- Total disclosed funding: $1M
- Latest round: Seed (Mar 20, 2023)
- Investors on record: 7

## About

Based in Turkey, and founded in 2022, TURAN Technology Inc. operates as a FinTech company. The company was founded by its CEO Özgür Bayraktar. In March 2023, TURAN Technology Inc. raised USD 1 million in seed funding from new investors APY Ventures, Caucasus Ventures, KT Portföy, Neo Portföy,  and Tera Portföy Yönetimi A.S., with participation from returning investors Birlesik Ödeme and RE-PIE Ventures.

Turan offers a mobile application for both Android and iOS users. The app allows Turkish users to transfer money to Turkish banks located in Turkish states like Turkey, Azerbaijan, Uzbekistan, Kyrgyzstan, and Kazakhstan. The app provides multiple features such as bill payments, transaction history, health insurance transactions, and more.

The company plans to use the funds raised in March 2023 to further expand its footprint in Turkey, particularly in Azerbaijan and Uzbekistan.

## Funding rounds

- Seed, Mar 20, 2023, $1M — KT Portfoy, APY Ventures, RE-PIE Ventures, Tera Portföy Yönetimi A.S., Birlesik Ödeme, Caucasus Ventures, Neo Portföy

## Investors

- KT Portfoy (https://capitalatlas.ai/funds/kt-portfoy) — Seed
- APY Ventures (https://capitalatlas.ai/funds/apy-ventures) — Seed
- RE-PIE Ventures (https://capitalatlas.ai/funds/re-pie-ventures) — Seed
- Tera Portföy Yönetimi A.S. — Seed
- Birlesik Ödeme — Seed
- Caucasus Ventures (https://capitalatlas.ai/funds/caucasus-ventures) — Seed
- Neo Portföy (https://capitalatlas.ai/funds/neo-portfoy) — Seed