Fimple, a core banking technology provider, has raised $10m in a follow-on investment round to accelerate its international expansion, with a strategic focus on the MENA region and GCC markets.
The $10m follow-on investment was led by Ak Asset Management VC Fund, with continued backing from existing investors DN Capital, Smartfin, and APY Ventures.
The funding is intended to strengthen the company’s capital structure while supporting its growth across international markets.
Founded in 2022 and headquartered in London and Istanbul, Fimple has developed a fully composable, cloud-native core banking platform that can be deployed both in the cloud and on-premise. The platform enables banks, FinTechs, and financial institutions to rapidly build, launch, and scale next-generation financial products.
The new investment will support Fimple’s accelerated expansion across the GCC, following the recent launch of its commercial offices in Dubai, UAE, and Riyadh, Saudi Arabia. The company plans to further scale its regional presence, strengthen local partnerships, and expand delivery capabilities across the region.
Designed by a founding team with decades of combined experience in core banking, Fimple’s platform addresses the limitations of traditional banking systems. It offers flexible deployment options, rapid configurability, and a broad suite of banking and lending solutions, including support for alternative and participation-based financial models.
Ak Asset Management VC Funds CIO Göktürk Işıkpınar 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.”
DN Capital partner Guy Ward Thomas said, “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 Fimpe as it builds momentum and
expands into high-growth markets.”
Source: https://fintech.global/2026/01/21/fimple-raises-10m-to-accelerate-gcc-expansion/
