Two new fintech start-ups in Turkey – Lidsi and Turan

Turan, a soon-to-launch mobile finance application, and Lidsi, a savings app, are two new Turkish fintech start-ups gearing up for launch in the country.

Lidsi is a new Turkish savings app

Lidsi is a personal savings app with features including goal setting and goal tracking. The app also has an “assistant” that greets its users, converses with them, and alerts them every time they make an expensive purchase.

The app also offers savings support by way of suggestions to help people manage and save money. As part of a special package, it also offers credit score tracking and improvement features that regularly record a user’s credit score each month, analyses it and provides suggestions to improve the score.

Lidsi says on its website that it will go live in January 2023 via integration with banks, helping people save by conversing with them in accordance with the user’s bank movements.

Turan is a new mobile application that will allow money transfers from Turkey to all Turkish states, including Azerbaijan, as well as banks within Turkey.

Turan raised $2.5m in a pre-seed round recently

It claims it will make money transfers “easy, fast, reliable and cost-effective”. Using the Turan app, users will be able to transfer money to another Turan account or phone number registered with Turan.

Turan will also offer other financial services such as a Turan account to store money for transactions, insurance products, explore job opportunities within the app, access a virtual card for making purchases, bill payments, consultancy services, payments via QR codes, spending history and controls.

“We know that financial transactions in Turkish states are mostly designed for the physical world,” the start-up says.

“Turan will be online very soon with the aim of being a new generation finance application that will benefit users living in all Turkish States.”

Founded this year and based in Istanbul, it is currently accepting applicants on a waitlist. The start-up also bagged $2.5 million in pre-seed funding last month.