TBUK Offering Solutions to Turkish Start-Ups

The Turkish fintech and start-up ecosystem is steadily moving forwards its maturity, leaving its infancy stages behind. This is being felt in the United Kingdom with more and more companies expanding their businesses to the UK, where they require local knowhow to navigate new laws and regulations, and a bank to call their financial service home.

Opening a bank account can be challenging for these companies, which often have multi-investors and complex ownership structures. Recognising this as an opportunity for both for Turkish entrepreneurs, and the wider ecosystem, TBUK has built an innovative approach to onboard such companies.

As KYC is one of TurkishBank Group’s core competencies, the expertise has been further developed to KYI: Know Your Investor. With the support of the MLRO and Risk teams, TBUK has laid the framework for onboarding these companies. The latest addition to the client portfolio with 40+ investors has been a strong start to what will certainly present as further business opportunities, and warmly welcoming the expected rush of Turkish start-ups to the UK.