STARTUPS

Turkey’s AI ecosystem gains momentum as global investment hits record levels

Turkey owns 1,200 AI startups about 70% of which were founded after 2020 Turkey’s artificial intelligence (AI) ecosystem is expanding rapidly, fueled by a surge in global investment, a growing startup base and an increasingly influential diaspora, according to the Turkish Artificial Intelligence Ecosystem and […]

BBVA, OpenAI strike strategic partnership to reshape banking with AI and its impact on Turkish unit

The deal aims to transform customer experience and operational efficiency across the bank by placing AI BBVA and OpenAI have announced a strategic partnership aimed at transforming customer experience and operational efficiency across the bank by placing artificial intelligence (AI) at the core of its […]

BioScience Managers, Maxis launch health technology-focused fund in Türkiye

The fund marks the first health-focused venture capital fund in Türkiye established by foreign investors International healthcare investment firm BioScience Managers, in partnership with Maxis, a subsidiary of Türkiye İş Bankası, launched the BioScience Managers Venture Capital Fund, marking the first health-focused venture capital fund […]

Paribu acquires CoinMENA, MENA’s largest local crypto exchange, for $240 million 

Paribu, Türkiye’s leading digital asset platform, acquired the largest digital asset platform of MENA. Türkiye’s leading digital asset platform Paribu announced that it acquired CoinMENA, the largest local crypto exchange in the Middle East and North Africa (MENA), for USD 240 million. The deal represents Türkiye’s largest fintech transaction to date and the […]