When was Papara founded?

Papara was founded in 2016 and became a unicorn in 2023, reaching the milestone in 7 years. It raised its 1st funding round 4 years after its incorporation.

Where is Papara located?

Papara is headquartered in Istanbul, Turkey.

How many employees does Papara have?

As of May 31, 2026, the latest employee count at Papara is 497.

Is Papara a funded company?

Papara is a funded company, having raised a total of $25K in its 1st and only funding round, a Grant (prize money) round on Oct 20, 2020.

When was the latest funding round of Papara?

Papara's latest funding was a $25K Grant (prize money) round on Oct 20, 2020, with participation from 1 investor.

Is Papara a Payments company?

The primary sector of Papara is Payments.

Where does Papara rank among its competitors?

Papara ranks 8th amongst 229 active competitors, of which 37 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Curve, which secured $47.9M in Mar, 2025.

Who are the top competitors of Papara?

Papara's top competitors include Venmo, Curve and NALA. Among them, Curve secured the most recent funding round in March, 2025.

Papara - 2026 Company Profile, Team, Funding & Competitors

Papara is a funded company based in Istanbul (Turkey), founded in 2016 by Ilker 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 229 active competitors, including 37 funded and 10 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:

FinTech > Payments > ***** **** > ***** ******

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

Grant (prize money), Oct 20, 2020, $25K

Investors

Inclusive Fintech 50

Ranked

8^th among 229 active competitors

Employee Count

497 as on May 31, 2026

Investment & Acquisitions

FinFree & 6 more

Similar Companies

Grab & 1890 more

View Papara's full profile

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)	-	-	-	Inclusive Fintech 50

Access funding benchmarks and valuations. Sign up today!

View details of Papara's funding rounds and investors

The founders of Papara is Ilker Diker.

Here are the details of Papara's key team members:

Ilker Diker: Co-Founder - Vice President Of The Executive Board 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 497 employees as of May 26. Here is Papara's employee count trend over the years:

Uncover Papara's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Papara include Venmo, Curve and NALA. Here is the list of Top 10 competitors of Papara, ranked by Tracxn score:

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	Greycroft, Founder Collective & 8 others	76/100
2nd	Curve 2015, London (United Kingdom), Acquired	Provider of digital wallet software consolidating multiple payment card accounts	$323M	Cohen Circle, IDC Ventures & 105 others	75/100
3rd	NALA 2017, Nairobi (Kenya), Series A	Online cross-border remittance platform for individuals	$50.1M	Y Combinator, Accel & 20 others	72/100
4th	Verse 2015, Barcelona (Spain), Acquired	Digital wallet for consumer & business payments	$70M	Greycroft, Spark Capital & 19 others	69/100
5th	Zelle 2016, Phoenix (United States), Unfunded	App-based wallet for consumer payments	-	-	67/100
6th	Cash App 2013, San Francisco (United States), Funding Raised	Online platform for save, send, spend, and invest	-	Blockchain R&I	62/100
7th	QIWI 2008, Moscow (Russia), Public	Card-linked wallet for consumer payments	-	Amereus	57/100
8th	Papara 2016, Istanbul (Turkey), Funding Raised	Mobile wallet with money transfer and bill payment solutions for consumers	-	Inclusive Fintech 50	48/100
9th	Innovative Payment Solutions 2013, Northridge (United States), Public	White-label solutions for blockchain-enabled wallets	-	-	56/100
10th	Decaf 2022, Miami (United States), Seed	App-based wallet platform for crypto assets	-	MH Ventures, Visa & 2 others	56/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on Papara's competitors? Click here to see the top ones

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

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Oct 30, 2024	Acquisition	FinFree	2020	Kadikoy (Turkey)
Mar 06, 2024	Acquisition	T-Bank	1985	Istanbul (Turkey)
Feb 17, 2024	Acquisition	SadaPay	2018	Islamabad (Pakistan)