Turkey’s Trendyol Group, Baykar CEO Haluk Bayraktar, Abu Dhabi’s sovereign fund ADQ, and Ant International are exploring a joint fintech venture in Turkey. The platform would offer digital financial services like payments, loans, investments, and insurance. It aims to serve individuals, small businesses, and Trendyol’s sellers.

The initiative will leverage Trendyol’s e-commerce infrastructure, Baykar’s AI and cybersecurity tools, and Ant’s fintech expertise. The project prioritizes domestic infrastructure and high security standards. Alibaba Group President Michael Evans and ADQ’s Mansour AlMulla highlight Turkey’s digital economy potential and growth prospects in the sector.

Ant International sees Turkey’s digitally active population as a significant market. The expected investment size for the venture remains undisclosed. The launch is contingent on regulatory approvals. This collaboration aims to tap into Turkey’s vibrant digital economy and provide innovative financial solutions to a wide range of customers.

Read more at Yahoo Finance: Trendyol, Baykar CEO, ADQ and Ant International to develop fintech platform in Turkey