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Papara wins seat within Inclusive Fintech 50
Papara, the financial SuperApp and market leading Turkish fintech, has earned a place as part of Inclusive Fintech 50’s 2020 cohort – a group of international, high-potential early-stage fintechs which are focussed on driving financial inclusion and resilience.
Inclusive Fintech 50 is a global competition to identify startups poised for success through four key criteria: inclusiveness, innovation, scale potential and traction. Following a rigorous selection process led by an independent panel of industry experts, Papara has secured a place in the 2020 cohort, comprising just 50 businesses chosen from over 400 applicants operating across the world. Inclusive Fintech 50 was founded by MetLife Foundation and Visa, with support from Accion and IFC, and additional funding from BlackRock and Jersey Overseas Aid & Comic Relief.
Commenting on this achievement, Papara Founder, Ahmed F. Karslı said:
“Papara was created to serve the underbanked and those who are chronically underserved by their current banks. We wanted to disrupt the status quo and deliver financial freedom to those who are so often overlooked and ignored by the banking system. In recognition of this, we are delighted to have been selected by Inclusive Fintech 50 to join the 2020 cohort and continue to build our business.
“With five million current users and having grown our customer base by 56% this year alone, we are confident in the sustainability and strength of Papara’s model. As we now look to further expand across Europe, the Inclusive Fintech 50 network will be hugely supportive in our goal to provide financial freedom for all.”
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