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Onlayer Raises $8.2M to Revolutionise Fintech Infrastructure in MENA and APAC

Editorial Team
Editorial Team

3 min

Onlayer has raised $8,2 million in a Series A funding round led by Oleka Capital.

This Turkish-rooted startup simplifies revenue, compliance, and risk management for banks and fintech firms.

Their all-in-one platform, operating in 12 countries, reduces operational chaos in financial services.

Fresh funding supports their expansion across the Middle East, Africa, and Asia Pacific regions.

With rapid changes in compliance automation, their integrated approach meets growing demands effectively.

It’s been quite a week for fintech in the region, and one story that really stood out to me came from Onlayer, the Turkish-rooted infrastructure startup that’s been steadily building its reputation across the UAE, Turkey, and beyond. The company has now secured an $8.2 million Series A round led by Oleka Capital, which follows the $1 million it pulled in earlier this year. For a platform that’s all about simplifying revenue, compliance, and risk management for banks and fintech firms, this kind of backing feels spot on.

What I’ve always found interesting—especially from years of chatting with founders through the Arageek community—is how often startups in this space try to stitch together ten different tools just to keep operations afloat. It’s a bit of a faff, honestly. Onlayer seems to be tackling that head‑on with a single system already being used across 12 countries, and even though I'm not easily impressed by the “all-in-one” pitch, I reckon they’ve built something that’s genuinely solving pain points rather than adding more dashboards to people’s lives.

The round pulled in a strong mix of regional and global investors, including Deniz Ventures, Revo Capital, Turkey Development Fund, Vestel Ventures, and the Future Impact Fund. With offices already operating in London, Dubai, and Saudi Arabia, the fresh funding will help the company speed up expansion across the Middle East, Africa, and Asia Pacific—areas where financial institutions are pushing hard to modernise their backend infrastructure.

In comments shared publicly, CEO and co-founder Kıvanç Harputlu said the company is entering its sixth year with ambitions to become the leading technology provider in its vertical. He credited Turkey’s mature banking sector for shaping much of the company’s expertise and added that the new capital will support a more aggressive global push. Oleka Capital’s managing partner, İlker Sözdinler, also noted that Onlayer has “fundamentally changed the relationships between financial institutions and their corporate customers,” which is quite the endorsement.

What makes the timing interesting is how fast compliance automation and risk management are becoming non-negotiable, rather than nice-to-have add-ons. Onlayer’s platform ties corporate onboarding, workflow governance, and revenue operations together in one place—essentially trying to remove the friction that slows down financial services from scaling properly. And believe it or not, some institutions still rely on legacy workflows that look like they belong in the early 2000s… well… I mean, progress takes time.

From my side, having seen how startups across the MENA region battle with fragmented systems, I’m chuffed to bits when a company builds something that genuinely reduces operational chaos instead of adding to it. On the flip side, scaling into MEA and APAC is no walk in the park—regulatory environments vary wildly—but Onlayer seems ready for the challenge.

If anything, this round signals growing investor appetite for fintech infrastructure, not just flashy consumer apps. And that’s a good thing for an ecosystem where sustainable, behind-the-scenes players often get overshadowed. One small note before I wrap up: I definately think this space will heat up even more in the next year.

For anyone following the region’s fintech momentum—especially readers here who know Arageek’s commitment to empowering startups—it’s a development worth keeping an eye on.

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