Fimple, a leading provider of composable, cloud-native core banking software, has successfully completed a USD 10m investment round to further accelerate its international expansion with a strategic focus across the MENA region and the Gulf Cooperation Council (GCC) markets. The round was led by Ak Asset Management VC Fund, with participation from existing investors including DN Capital and Smartfin, following the company’s USD 12m Series A financing completed in February 2025.

At the forefront of next-gen banking, Fimple empowers banks, fintech companies, and financial institutions to rapidly build, launch, and scale next-generation financial products and services. This new investment marks a strategic milestone for Fimple, strengthening the company’s capital structure and accelerating its growth trajectory. The investment will primarily support Fimple’s expansion across the Gulf Cooperation Council (GCC) to strengthen Fimple’s capital structure and support accelerated growth across the GCC, following the establishment of commercial offices in Dubai, UAE and Riyadh, Saudi Arabia.

Founded by Mücahit Gündebahar and Abdurrahman Çınar, bringing decades of expertise in core banking, Fimple is uniquely positioned to address the challenges of traditional financial institutions. Fimple’s platform stands out for its flexible deployment options, rapid configurability, and comprehensive banking and lending modules suite, including out-of-the-box support for alternative and participation-based financial models. The company plans to scale its regional presence, local partnerships, and delivery capabilities across the GCC, while expanding the deployment of its core banking, digital lending, and BNPL solutions, alongside a full-fledged Banking-as-a-Service (BaaS) offering.

With an established footprint in Türkiye and active operations across international markets, the investment will also support ongoing product development, ecosystem integrations, and regulatory readiness tailored to GCC market requirements.

Göktürk Işıkpınar, CIO at Ak Asset Management VC Funds, said:

“We invest with a long-term perspective in platforms that create sustainable ecosystem value.

Fimple’s modular architecture enables institutions to scale with speed and efficiency. Combined with a strong leadership team and clear strategic execution, Fimple represents a compelling investment opportunity. With an established footprint in Türkiye and active operations across international markets, Fimple is accelerating its GCC growth strategy, aiming to become the trusted core banking technology partner for banks, fintechs, and embedded finance players. The investment will further support product development, ecosystem integrations, and regulatory readiness tailored to GCC market requirements.”

Guy Ward Thomas, Partner at DN Capital, added:

“Banks globally are under pressure to replace legacy systems while competing with agile fintech players. Fimple’s composable architecture enables institutions to launch and scale new products quickly. We are pleased to continue supporting Fimple as it builds momentum and expands into high-growth markets.”

Commenting on the announcement, Mücahit Gündebahar, CEO of Fimple, said:

“This follow-on investment is a strong validation of our vision and execution. With Ak joining our investor base, we are further strengthening our ability to scale responsibly and strategically. The GCC is a key growth market for us, where demand for composable and cloud-native core banking platforms is accelerating. This investment enables us to deepen our regional footprint and support more institutions as they modernize and innovate.”

Jürgen Ingels, Partner at Smartfin, commented:

"Core modernization has moved from a multi-year IT project to a strategic growth imperative. Fimple is building the kind of future-ready banking platform that gives institutions the agility to launch new products faster, integrate ecosystems seamlessly, and evolve without friction. We’re proud to continue backing the team as they further accelerate internationally."