Page 60 - TURKRptMay20

40% while there has been a 20% rise in the number of applications from online tutors to establish businesses, Okan Safak of Turkish e-accounting platform mukellef.co​ told BloombergHT.
Mukellef.co brings accountants and those who are in need of accounting services together online. It is something like a Turkish version of bench.co.
Its ambitious publicity suggests that it can establish a new company within 10 minutes online. Safak said Mukellef.co was targeting reaching 5,000 customers with its service, launched earlier this year, by the end of 2020.
E-invoicer Foriba, financial management solutions provider Parasut, moto taxi and delivery app Scotty, e-trade software developer Ideasoft and e-payments platform iyzico are among partners of mukellef.co.
webrazzi reported on April 20 that ​Koc Holding and Inventram, a JV between Koc and Japan’s Mitsui, have bought a 9.9% stake in Vispera​, a visual intelligence developer for the retail industry since 2014, for an undisclosed sum.
An official disclosure on the transaction had not been filed to the public disclosure platform (KAP) as yet, the publication noted.
Vispera has also raised funds from Keiretsu Forum Turkiye, Kerietsu Capital, Galata Is Melekleri and Logo Ventures.
Investments in Turkish startups remained flat at $19.8mn in the first quarter compared to $19.6mn in Q1 2019, but that was before Turkey joined the world as a fully paid-up member of the coronavirus fiasco, according to data from local startup portal Startups.Watch.
As if it needed saying, a dramatic fall is expected in the second quarter, although Turkish statisticians do tend to come up with some very curious official statistics.
A total of 27 startups attracted investments in Q1 versus 13 a year ago, while 78% of investments were below $1mn versus 82% in Q1 2019.
In Q1 this year, $4mn was invested in seed-funding-stage start-ups while $11mn went to early-stage and $5mn to late-stage.
Seven software companies attracted a total of $10.4mn, two fintechs got $5.2mn, three proptechs (property technology enterprises) raised $5.1mn, five artificial intelligence companies landed $4.7mn and three deep-techs brought in $4.2mn.
60​ TURKEY Country Report​ May 2020 ​ ​www.intellinews.com