Papara Holding has announced the acquisition of Finfree, a Turkish financial technology company. The acquisition reflects Papara's goal to expand its investment technology business and provide its users with a more comprehensive financial experience.
Emre Kenci, CEO of Papara, said in a statement that the number of individual investors on the Istanbul Stock Exchange has increased rapidly to 7.5 million in recent years, and investors want to manage their investments more easily to protect their financial future and increase their well-being. In response to this need, Papara aims to provide innovative and accessible solutions for investors of all levels.
As a result of this acquisition, Papara will integrate Finfree's advanced technologies into its platform, enabling users to conduct more detailed financial analysis and make more informed investment decisions. Users will be able to track the performance of their portfolios, gain access to various financial instruments, including stocks and funds, and diversify their portfolios.
Senih Mete Dal, co-founder of Finfree, expressed that they are happy to join forces with Papara and emphasized that they plan to provide users with new solutions such as individual investment proposals and automated portfolio management.
