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Founded in 2016 and gaining popularity in a short time, Turkish financial technology company Papara has taken an important step in its plans to expand abroad. The company
Founded in 2016 and gaining popularity in a short time, Turkish financial technology company Papara has taken an important step in its plans to expand abroad. The company is a Spanish-based neobank. Revolt announced the purchase.
According to Papara’s statement, the acquisition was completed in June 2023. No information was shared about the cost of the purchase.
Founded in 2017, Spanish neobank Rebellion offers Y and Z generation users financial products and services such as money transfers, prepaid cards, Cashback for a bank-independent financial experience, and has so far received an investment of EUR 15 million. “Neobank”; without physical locations, only mobile and internet based Let’s add that it is used for technology companies that operate on platforms and differentiate themselves from traditional banks.
Papara CEO Emre Kenci gave signals about the company’s plans at the Uludağ Economy Summit. Kenci pointed out that they believe in the potential to compete in the global market and will be in Europe by 2023. two companies announced that he would receive Rebellion was the first of these companies.
Source: Web Tekno
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