Finberg

Finberg is the corporate venture capital (CVC) arm of Fibabanka, a prominent Turkish financial institution based in Istanbul. Established with a strategic vision, Finberg's primary objective is to identify and invest in innovative financial technologies and other high-growth startups that have the potential to shape the future of banking and adjacent sectors. The firm leverages Fibabanka's extensive industry expertise, market insights, and robust network to provide significant value beyond just capital to its portfolio companies.

Finberg primarily targets early-stage startups, typically focusing on Seed to Series A rounds. While its core investment thesis revolves around FinTech, reflecting its parent company's deep roots in the financial sector, Finberg also explores broader technology sectors. The firm seeks out ventures with strong founding teams, scalable business models, and clear market potential, aiming to support companies that can either disrupt existing markets or create new ones.

Finberg has established itself as an active and influential player within the Turkish startup ecosystem. Typical initial investment sizes for Finberg range from approximately $250,000 to $2,000,000, depending on the specific stage and capital requirements of the startup. As of early 2024, the firm has built a diverse portfolio comprising over 20 companies, demonstrating its commitment to fostering innovation. Notable investments include key players in the FinTech space like Colendi and Papara, which have successfully attracted substantial follow-on funding rounds.