Finberg Met with Entrepreneurs at "Get Together" Event

Finberg, which started as Türkiye's first fintech-focused corporate venture capital and became a venture capital management company, has so far invested a total of 62 million dollars, 42 in startups and 10 in funds. Having successfully exited all of the ventures it invested in the first period; Finberg has completed an important step in its transformation journey.

Finberg brought together the founders and VC fund managers of the startups it invested in and senior executives of Fiba Group companies at an event organized at Swissotel The Bosphorus Istanbul. Finberg stated that they will work to enable entrepreneurs to unlock their true potential in 2024 and shared the transformation he has undergone and his future roadmap with the emphasis on "Maximize The Potential".

Finberg Board Member İhsan Elgin touched upon the following points in his opening speech: "When we started our journey at Finberg, we differentiated ourselves from other funds and prioritized entrepreneurs. In this journey, which we started as Fibabanka's corporate venture capital, changing needs and therefore our changing strategy led us to expand our investment range and establish different funds. While doing all this, we proceeded by considering the areas where entrepreneurs would need the most and the opportunities for synergy. At this point, we are moving forward with a stronger structure with the support of not only Fibabanka but also other companies of the Fiba Group. Our main goal in the coming period is to further strengthen our investment muscles as Finberg and to provide the support that will enable our entrepreneurs to reveal their true potential, with the emphasis on "Maximize The Potential", which we also emphasized at the event. The most important aspect of this is to establish connections for our entrepreneurs to become a strong part of the global startup and investment ecosystem. With this vision, we invest in various funds around the world by adopting the Fund of Funds structure. In 2024, we will continue to do so, focusing on unlocking the true potential of the entrepreneurs who are a part of us."

Afterwards, Fiba Group Chairperson Murat Özyeğin and General Manager & Board Member of Fibabanka Ömer Mert made evaluations on the realization of entrepreneurs' potential and the development of the entrepreneurship ecosystem in Türkiye, and exchanged ideas with the entrepreneurs.

Fiba Group Chairperson Murat Özyeğin shared his impressions and views on the current macroeconomic conditions in the world economy and Türkiye in particular, and made evaluations on developments that may affect the entrepreneurship world. Özyeğin said the following: "I believe that our entrepreneurs play a critical role in the sustainable development of the country. The main purpose of Finberg's establishment was to contribute to Türkiye's entrepreneurship ecosystem. I see that we have achieved this and I am very pleased with the point Finberg has reached and the investments we have made. I am confident that Finberg will continue to increase its success every year with its national and international expansions, investments and the different perspective it brings to entrepreneurship."

General Manager & Board Member of Fibabanka Ömer Mert said the following in his speech: "As Fibabanka, our goal since 2017 is to become a digital bank that uses technology, makes data-driven decisions and has a widespread customer network. This is based on our IT investments and positioning ourselves as a technology company beyond a bank. Our technology investments have been doubling every year for the last 2-3 years. Within the scope of both this digitalization strategy and our financial perspective, we focused on cooperation with fintechs and established Türkiye's first fintech-focused venture capital Finberg in 2018. Finberg has become our strongest link with the startup ecosystem. The synergy between Fibabanka and Finberg also provides a significant advantage for entrepreneurs. We are the bank most willing to use the products of the startups we invest in. We have a two-sided perspective; we use their products and they use our products and infrastructure. Entrepreneurs are not only looking for investment; know-how, collaborations and financing needs are also of great importance to them. Together with Finberg and Fiba Group companies, we continue our support both to expand the ecosystem and to provide knowledge, experience and network transfer to investments in the country. In the coming period, we will continue to invest in the entrepreneurship ecosystem in different areas such as cyber security and retail technologies as well as fintechs."