Startups

Insha Ventures prepares to incorporate at least one product in 2023

Fintech startup founder Insha Ventures continues its rapid growth. Offering solutions to the ecosystem with 9 Fintech products, Insha Ventures aims to incorporate at least one product in 2023, while starting its spin-off studies. Insha Ventures will also add innovative products to its portfolio.

Insha Ventures, which has been implemented by Albaraka Turk Participation Bank and continues its activities with the understanding of “fintech builds, grows and invests from end to end”, continues to grow with the solutions it has developed. Insha Ventures, which contributes to the savings while making the lives of companies and individuals easier with 9 different products it offers, broke new records with its mobile POS solution Alneo, as it did in the past three years.

While Alneo increased its transaction volume by 213% last year, hundreds of thousands of transactions were made with its virtual POS product PosBasit in the same period. Semosis, Turkiye’s only digital bond management platform, paid out millions of lira. Providing services with 9 Fintech products in the fields of digital banking, open banking, regulation technologies (Regtech) and payment systems of financial technology, Insha Ventures is preparing for spin-off (corporation) for at least one product by adding innovative products to its structure in 2023.

“We are planning to corporate Semosis”

Hasan Sami Bayansar, General Manager of Insha Ventures, made an evaluation on the subject and said: “Last year, we have accomplished successful works with our growing team and business partners. We will continue to expand the usage area of our application next year with our mobile POS solution Alneo, which has more than 27 thousand users in more than 68 sectors in 2022. With our virtual POS solution, PosBasit, we will triple our current customer base this year. We continue to achieve successful results with our remote customer acquisition platform, IdentityBasit, which provides services to 10 out of 100 companies using KYC solutions in Turkiye. With Semosis, we experienced better this year that promissory notes, which cause a great operational burden for banks, can be digitized and attracted great interest. We plan to corporate Semosis in the coming period. We aim to reach more points by adding new business partners to our structure in the new period with our mobile application NakitBasit, which transforms chain markets and payment points that reach more than 1,200 points into ATMs. We will include not only dues management, but also the processes of tracking and managing payments such as rent, guarantee and deposit of flats to our online collection platform Kozmos. With getinsha, which operates in Germany, we continue our sustainable and innovative digital account services without slowing down. We will continue to offer API services needed by FinTech startups in 2023. In summary; As Insha Ventures, we aim to produce Fintech solutions in 2023 and grow as a global Venture Builder.”

Source: Egirisim / Prepared by Irem Yildiz

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