Istanbul-based Fimple, a leading provider of flexible, cloud-native core banking software, has secured $12M in Series A funding led by DN Capital and Smartfin. Existing investors Albaraka Portfolio and Tera Portfolio also participated, bringing total funding to $17.5M.
This investment marks a pivotal step in Fimple’s journey, enabling the expansion of its innovative offerings and operations to new markets, with a focus on MENA and CIS regions. “This funding will enable us to enhance our product’s capabilities and replicate our success in Turkey across new markets. Our mission is to empower financial institutions with the most robust and adaptable core banking solutions available,” said Mücahit Gündebahar, CEO of Fimple.
How Fimple addresses modern financial challenges
Founded in January 2022 by Mücahit Gündebahar and Abdurrahman Cinar, Fimple tackles financial sector challenges through its cloud-based system. It combines cutting-edge technology with business needs. Fimple’s core offering is a cloud-native, composable core banking platform operating on the “Financial Function as a Service” principle.
Fimple addresses these challenges in three ways: It modernises core banking operations to quickly adapt to the market, enables swift product development and reconfiguration to improve customer service, and provides seamless system integration through an API-first approach.
With operations established in Egypt and the GCC, Fimple aims to strengthen its position as a trusted partner for financial institutions worldwide. As of early 2025, the company operates in five countries—Singapore, Bahrain, Kosovo, Azerbaijan, and Turkey. Fimple aims to expand its banking platform across European, Balkan, Gulf, and African markets.
Building adaptable banking solutions for tomorrow’s needs
Fimple’s platform distinguishes itself through innovative features and flexible architecture. It offers versatile deployment options, rapid configurability, and comprehensive banking and lending modules that adapt to various financial institutions’ needs.
The Magic Process Designer is a key feature, offering a low-code environment for quick workflow building, customisation, and automation. This tool helps banks and fintech companies launch products faster and optimise processes efficiently. The platform’s Composable Banking Framework further enables organisations to create custom banking environments that evolve with their business needs.
The future of banking: Cloud solutions drive innovation and growth
By 2025, cloud adoption in banking is expected to surge, with 79% of banks using multiple cloud providers. Multi-cloud and hybrid cloud strategies will lead this transformation, enabling banks to modernise operations, leverage advanced technologies, and overcome legacy system limitations.
Guy Ward Thomas, Partner at DN Capital, noted, “Banks worldwide face the challenge of replacing outdated legacy systems while competing with agile fintechs. Fimple offers an ideal solution, enabling banks to launch new products and brands quickly and efficiently.”
Jürgen Ingels, Partner at Smartfin, echoed this sentiment: “The modernisation of core banking systems is a critical priority for financial institutions navigating rapidly changing market dynamics. Fimple’s adaptable and scalable platform is uniquely equipped to address these challenges.”
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