Fimple Raises $12 Million in Series A Funding to Pioneer Composable, Cloud-Native Banking Solutions

Fundraising News
04.02.2025 08:45 am

Fimple, a leading provider of flexible, cloud-native core banking software, has successfully raised $12 million in its Series A funding round. The investment, led by DN Capital and Smartfin, saw continued participation from existing investors, including Albaraka Portfolio and Tera Portfolio. This milestone underscores the company's rapid growth and commitment to transforming the financial services landscape through its "Financial Function as a Service" (FFaaS) principle.

At the forefront of next-gen banking, Fimple empowers banks, fintech companies, and financial institutions to create tailored products and services for their customers and partners. This funding marks a pivotal step in Fimple’s journey, enabling the company to expand its innovative offerings and extend its operations to new markets, with a particular focus on MENA and CIS regions. With operations already established in Egypt and the GCC, Fimple aims to strengthen its position as a trusted partner for financial institutions worldwide.

Founded by Mücahit Gündebahar and Abdurrahman Çınar, who bring 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 Sharia-compliant finance.

“We are thrilled to announce this Series A investment,” said Mücahit Gündebahar, CEO of Fimple. “This funding will enable us to enhance our product’s capabilities and replicate our success in Turkey across new markets. Our mission is to empower financial institutions with the most robust and adaptable core banking solutions available.”

Guy Ward Thomas, Partner at DN Capital said “Banks worldwide face the challenge of replacing outdated legacy systems while competing with agile fintechs. Fimple offers an ideal solution, enabling banks to launch new products and brands quickly and efficiently.”

Jürgen Ingels, Partner at Smartfin, echoed this sentiment, “The modernisation of core banking systems is a critical priority for financial institutions navigating rapidly changing market dynamics. Fimple’s adaptable and scalable platform is uniquely equipped to address these challenges. We are proud to support Fimple in its mission to drive innovation and growth.”