Papara named 'Fintech Company of the Year'

Turkey's leading fintech company Papara this year, 1 million votes used Webrazzi Awards in 2020, 'the Fintech Company of the Year', bringing its market position in selected summit. Papara ranked second in the "Initiative of the Year" category, while Papara Founder and CEO Ahmed Faruk Karsli made his name on the "Entrepreneur of the Year" list.

Papara, which enables its users to perform their financial transactions freely, without time limitation, free of charge and instantly, completed the year 2020, which it almost did not fit into its container. This success of Papara, which has grown exponentially since its establishment in 2016, reached more than 100 million users with a 6 percent growth in user base last year, and shifting stones with a new feature published every two weeks, this success was appreciated by the public. Papara clinched its top position by being selected as the 'Fintech Company of the Year' at the Webrazzi Awards 1, where nearly 2020 million votes were cast this year. Papara ranked second in the 'Initiative of the Year' category, while Papara Founder and CEO Ahmed Faruk Karslı placed his name in the third place in the 'Entrepreneur of the Year' list.

"We run to our goals"

Papara Founder and CEO Ahmed Faruk Karslı stated that the great interest shown by Webrazzi readers motivated them for future projects and said, “We are happy to be in the top or top 3 in all three categories. We continue to improve ourselves constantly in order to offer the best to our users. In addition to publishing our application and card designs only this year, we added 20 new features such as virtual card, foreign exchange transactions, bill payments, IstanbulKart uploads, allocation feature, QR payment, regular payments, expense tracking graphics and budget management tools. By making agreements with more brands with Cashback, we enabled our users to earn while spending. In short, we are running to our goal instead of walking, it is also pleasing to see the appreciation of this from the public.

He set his eyes abroad

Papara after voicing the playground will move outside the borders of Turkey Kars, the words continued as follows: "Users of our first Turkey, then we will give the opportunity to access global stock markets. Our insurance products are coming in the first quarter of the year. As another innovation, we plan to offer our users the opportunity to use credit through Papara in the first half of 2021. With the license we will obtain in 2021, we will start serving all over Europe. In particular, we will introduce the Turks in Central Europe to the free money transfer service. This year, we aim to invest 200 million lira and reach 10 million users by the end of the year. Our ultimate goal is to be the largest financial administration of the region within 5 years as a fintech startup from Turkey. "