Papara - About the company
Papara is a funded company based in Istanbul (Turkey), founded in 2016 by İlker Diker. It operates as a Mobile wallet with money transfer and bill payment solutions for consumers. Papara has raised an undisclosed amount in funding. The company has 245 active competitors, including 36 funded and 9 that have exited. Its top competitors include companies like Venmo, Curve and NALA.
Sectors and market segments that Papara operate in
Papara serves in the FinTech market segments.The primary business model of Papara is:Company Details
Mobile wallet with money transfer and bill payment solutions for consumers. The mobile solution can be loaded with deposits at agent locations or through wire transfers. The stored money can be transferred back to a bank account. The solution allows making online payments, and bill payments directly from the mobile.
- Website
- papara.com
- Social
- Email ID
- *****@papara.com
- Phone Number
- +90 **********
Key Metrics
Founded Year
2016
Location
Istanbul, Turkey
Stage
Funding Raised
Latest Funding Round
Investors
Ranked
20th among 245 active competitors
Employee Count
515 as on Sep 30, 2026
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Papara's funding and investors
Papara has raised funding over 1 round. Its latest funding round was a Grant (prize money) round on Oct 20, 2020 for $25K. 1 investor participated in its latest round. Papara has 1 institutional investor.
Here is the list of recent funding rounds of Papara:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 20, 2020 | $25K | Grant (prize money) | - | - | - |
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Papara's founders and board of directors
Founder? Claim ProfileThe founders of Papara is İlker Diker.
Here are the details of Papara's key team members:
- İlker Diker: Co-Founder of Papara. They are also an angel investor in 1 startup.
View details of Papara's Founder profiles and Board Members
Papara's employee count trend
Papara has 515 employees as of Sep 26. Here is Papara's employee count trend over the years:
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Papara's Competitors and alternates
Top competitors of Papara include Venmo, Curve and NALA. Here is the list of Top 10 competitors of Papara, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Venmo 2009, New York City (United States), Acquired | Provider of a platform for sending and receiving payments between users | $1.3M | 76/100 | |
2nd | Curve 2015, London (United Kingdom), Acquired | Provider of digital wallet software consolidating multiple payment card accounts | $323M | 75/100 | |
3rd | Online cross-border remittance platform for individuals | $50.2M | 73/100 | ||
4th | Zelle 2016, Phoenix (United States), Unfunded | App-based wallet for consumer payments | - | - | 66/100 |
5th | Digital wallet for consumer & business payments | $70M | 63/100 | ||
6th |  Cash App 2013, San Francisco (United States), Funding Raised | Online platform for save, send, spend, and invest | - | 62/100 | |
7th | Card-linked wallet for consumer payments | - | 57/100 | ||
8th |  Innovative Payment Solutions 2013, Northridge (United States), Public | White-label solutions for blockchain-enabled wallets | - | - | 57/100 |
9th |  Decaf 2022, Miami (United States), Seed | App-based wallet platform for crypto assets | - | 56/100 | |
10th |  Astra 2016, Menlo Park (United States), Series A | Wallet-enabled payment solution for consumers | $35M | 54/100 | |
20th | Mobile wallet with money transfer and bill payment solutions for consumers | - | 45/100 |
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Papara's Investments and acquisitions
Papara has made 2 investments in companies including TechSign and Yancep. Papara has also acquired 5 companies including FinFree and T-Bank.Here is the list of investments & acquisitions:
Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Oct 30, 2024 | Acquisition | 2020 | Kadikoy (Turkey) | |
Mar 06, 2024 | Acquisition | 1985 | Istanbul (Turkey) | |
Feb 17, 2024 | Acquisition | 2018 | Islamabad (Pakistan) |
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Reports related to Papara
Here is the latest report on Papara's sector:
News related to Papara
Filter this list•
Thunes partners with Papara to support cross-border payments in TurkeyThe Paypers•Nov 11, 2024•Thunes, Papara
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Papara Announces New Partnership with DriveWealth and Upcoming Stock Investment Product at Money20/20 EuropeDriveWealth•Jun 04, 2024•Papara, DriveWealth
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Turkish fintech firm Papara to acquire T-Bank, expands furtherThe Paypers•Mar 06, 2024•T-Bank, Papara, Bankmed, Arab Bank
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Fintech Giants Papara and SadaPay Merge in Multi-Million DealCrowdfund Insider•Feb 18, 2024•Papara, SadaPay
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Papara acquired the sponsor of Espor Club SuperMassiveMaxi Haber•Dec 30, 2023•Papara, Supermassive Games
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