Fundraising FoxFimple
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Fimple provides a cloud-native, API-first, composable core banking platform delivered as "Financial Functions as a Service" (FFaaS), covering lending, deposits, payments, CRM, trade finance, and treasury. It serves banks, fintechs, credit unions, and other financial and non-financial institutions across a range of banking models including retail, corporate, Islamic, digital-only, and Banking-as-a-Service.
Also known as FIMPLE · Fimple OS
Investors · 5
How we know: APY Ventures's portfolio page · research · thesaasnews.com · Not right? Tell us
How we know: DN Capital's portfolio page · a partner's Signal profile · research · thesaasnews.com · Not right? Tell us
Also in the syndicate · 2
Company profile
researched Aug 2026Fimple is a technology company that develops a composable, cloud-native core banking platform for banks, fintech companies and other financial institutions. The platform provides a suite of banking and lending modules that can be configured rapidly and deployed either in the cloud or on-premise, and includes pre-configured, out-of-the-box support for Sharia-compliant finance. The company frames its approach around a "Financial Function as a Service" (FFaaS) principle, with a Transaction Composer component that lets banks and financial institutions build products and services and distribute them to their own customers and fintech partners.
The company was founded in January 2022 and is headquartered in London, United Kingdom, with founder presence in Istanbul, Turkey. As of its February 2025 Series A announcement, its platform was in use by Turkish financial institutions including Aytemiz Investment Bank, Misyon Bank, Hedef Investment Bank and Q Investment Bank, alongside clients in five other countries.
Founding story
Fimple was founded in January 2022 by Mücahit Gündebahar, who serves as CEO, and Abdurrahman Çınar; both are described as bringing decades of experience in core banking.
Business model
Fimple licenses its core banking platform to financial institutions, offering a SaaS-architecture, cloud-based system with the option of on-premise deployment, structured as modular banking and lending capabilities that customers configure into their own products.
Traction
By February 2025 the platform was serving clients across six countries in total, including Turkish institutions Aytemiz Investment Bank, Misyon Bank, Hedef Investment Bank and Q Investment Bank, with operations established in Egypt and GCC countries.
Latest developments
In February 2025 Fimple announced a $12 million Series A round led by DN Capital and Smartfin with continued participation from APY Ventures/Albaraka Portfolio and Tera Portfolio, to be used for product development and expansion into the MENA and CIS regions.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
Positioned as a next-generation alternative to legacy core banking systems, targeting institutions seeking to replace outdated platforms and compete with agile fintechs; investors cite core banking modernisation as a priority for financial institutions.
Composable architecture with flexible cloud or on-premise deployment, rapid configurability, a comprehensive banking and lending module suite, and built-in support for Sharia-compliant finance.
Technology
A cloud-native, SaaS-architecture core banking system built on composable finance principles, including the Fimple Transaction Composer for assembling banking products and services, with configurable banking and lending modules and dual cloud/on-premise deployment options.
Go-to-market
Direct enterprise sales to banks and financial institutions, initially anchored in Turkey with reference customers among Turkish investment banks, and subsequently extended to Egypt and the GCC as the basis for wider regional expansion.
Banks, investment banks, lenders, fintech companies and other financial institutions, including those requiring Islamic/Sharia-compliant finance products.
Geography
Headquartered in London, United Kingdom, with a co-founder based in Istanbul, Turkey. Clients span Turkey and five other countries, with established operations in Egypt and GCC countries and stated plans to expand across the wider MENA and CIS regions.
History
Established in January 2022 as a product-focused company aimed at the complexity, onboarding difficulty and operating cost of existing banking products. It built an initial client base among Turkish financial institutions, extended operations to Egypt and GCC countries, and in February 2025 announced a $12 million Series A round.
Compiled by commissioned research from 7 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 2
launches, deals, and filingsFollowing its Series A, Fimple stated it would expand into the wider MENA and CIS markets, building on established operations in Egypt and GCC countries.
Fimple raised $12 million in Series A funding led by DN Capital and Smartfin, with continued participation from existing investors APY Ventures (established by Albaraka Portfolio) and Tera Portfolio. Proceeds are earmarked for product development and international expansion into the MENA and CIS regions.
$12M source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 7
primary sources listed
- Fimple Raises $12 Million in Series A | The SaaS Newsthesaasnews.com · web
7 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Fimple do?
- Fimple is a London-based provider of a composable, cloud-native core banking platform for banks and financial institutions.
- Who are Fimple's investors?
- Fimple's investors include APY Ventures, DN Capital, SmartFin.