Fimple has raised £7.5 million in a follow-on investment led by Ak Asset Management VC Fund, with continued support from DN Capital, Smartfin, and APY Ventures. Founded in 2022 and headquartered in London and Istanbul, it builds a fully composable, cloud-native core banking platform that can be deployed in the cloud and on-premise. The funding will be used to accelerate international expansion, with a strategic focus on the MENA region and the GCC markets.
The investment will support expansion across the GCC following the launch of commercial offices in Dubai, UAE, and Riyadh, Saudi Arabia. It will also strengthen Fimple’s capital structure and support continued growth across international markets.
Fimple’s platform is designed to address the limitations of traditional banking systems, enabling banks, fintechs, and financial institutions to build, launch, and scale next-generation financial products. It offers flexible deployment options, rapid configurability, and a suite of banking and lending solutions, including support for alternative and participation-based financial models.
With an established footprint in Türkiye and active operations across multiple international markets, the funding will also support ongoing product development, ecosystem and partner integrations, and regulatory readiness tailored to GCC market requirements. Fimple aims to deepen its regional footprint and support institutions as they modernise and innovate.
This follow-on investment is a strong validation of our vision and execution. With Ak joining our investor base, we are further strengthening our ability to scale responsibly and strategically. The GCC is a key growth market for us, where demand for composable and cloud-native core banking platforms is accelerating. This investment enables us to deepen our regional footprint and support more institutions as they modernise and innovate.
Mücahit Gündebahar, Co-founder & CEO
Fimple’s modular architecture enables institutions to scale with speed and efficiency. Combined with a strong leadership team and clear strategic execution, Fimple represents a compelling investment opportunity. With an established footprint in Türkiye and active operations across international markets, Fimple is accelerating its GCC growth strategy, aiming to become the trusted core banking technology partner for banks, fintechs, and embedded finance players. The investment will further support product development, ecosystem integrations, and regulatory readiness tailored to GCC market requirements.
Göktürk Işıkpınar, Investor at Ak Asset Management VC Fund
Banks globally are under pressure to replace legacy systems while competing with agile fintech players. Fimple’s composable architecture enables institutions to launch and scale new products quickly. We are pleased to continue supporting Fimple as it builds momentum and expands into high-growth markets.
Guy Ward Thomas, Partner at DN Capital
Core modernisation has moved from a multi-year IT project to a strategic growth imperative. Fimple is building the kind of future-ready banking platform that gives institutions the agility to launch new products faster, integrate ecosystems seamlessly, and evolve without friction. We’re proud to continue backing the team as they further accelerate internationally.
Jürgen Ingels, Partner at Smartfin
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