What Fibabanka does

Fibabanka is a privately held Turkish commercial bank headquartered in Istanbul and part of the Fiba Group conglomerate. Founded in 2010 and operating with 1,001-5,000 employees, the bank serves four primary customer segments — individual retail (Bireysel), SME and agriculture (KOBİ/Tarım), corporate/commercial (Kurumsal/Ticari), and private banking — through a hybrid distribution model combining a nationwide branch and ATM network with a mobile-first digital platform.

Its product portfolio centers on the Kiraz Hesap hybrid deposit product (advertised at up to 46% annual interest on TL accounts), complemented by consumer loans, mortgages, vehicle loans, SME commercial credit (Efsane Kredi up to 1,500,000 TL), and a full investment suite spanning FX, equities (Borsa Market), mutual funds (Fon Market), eurobonds, asset-backed securities, and cryptocurrencies (Kripto Market). Insurance products — including Fi-Pati pet insurance, personal accident, life, health, and motor cover — are distributed as an agency of group affiliates HDI Fiba Emeklilik ve Hayat and Fiba Sigorta. The bank is regulated by BDDK, TCMB, and MASAK, with KVKK, ISO 27001, and PCI-DSS compliance.

The core technology stack is a mobile-first digital banking platform with video banking (Görüntülü Bankacılık) for remote NFC/OCR-based onboarding, FAST instant payment integration, and an open banking (Açık Bankacılık) API layer. In September 2024, Fibabanka launched its Servis Bankacılığı Banking-as-a-Service (BaaS) platform in partnership with GetirFinans, enabling third-party fintechs to embed accounts and credit facilities. Embedded credit partnerships with Pionr (Tahsildar platform, generating 750M+ TL in agricultural credit) and Trendyol/AG MİKS extend distribution to non-bank end-customers. Revenue is generated primarily through net interest income (deposit-lending spread), with supplementary fee/commission income and emerging BaaS/embedded finance revenue streams.

Name

Fibabanka

Legal name

Fibabanka Anonim Şirketi

Website

https://fibabanka.com.tr

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Fibabanka is a privately held Istanbul-based Turkish commercial bank within the Fiba Group, serving retail, SME, agricultural, corporate, and private banking customers through a hybrid branch-and-mobile platform with embedded finance and BaaS capabilities.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (522110), Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021), Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

SME Business Lending (Term Loans, Lines of Credit, Overdrafts) (FSABABAB)

akta.pro secondary industries

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI), Credit Cards & Revolving Credit (FSABAAAC)

Keywords

• Retail banking services
• Commercial lending
• Digital banking platform
• Investment products
• Embedded finance solutions

Headquarters

HQ city

Istanbul

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Net Interest Income: Primary revenue stream from the spread between interest earned on loans (consumer loans, mortgages, SME loans, agricultural credit, commercial loans) and interest paid on deposits (Kiraz Hesap, time deposits, FX deposits). Interest rates on deposits advertised at up to 46% annual for TL accounts.
2. Fee and Commission Income: Income from transaction fees, credit card fees, account maintenance fees, payment processing (POS), foreign trade transaction commissions, and other service charges. Listed as part of products and services.
3. BaaS / Embedded Finance Revenue: Revenue from Banking-as-a-Service partnerships where Fibabanka provides the underlying banking infrastructure (accounts, credit facilities) to fintechs and platform partners who embed these services into their own products. Partnership with GetirFinans launched September 2024.
4. Agricultural and SME Credit Partnerships: Revenue generated through embedded credit facilities distributed via fintech partners. Partnership with Pionr's Tahsildar platform generated over 750 million TL in agricultural credit volume.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels5 records

Core offering

Fibabanka is a Turkish commercial bank providing retail, SME, agricultural, corporate, and private banking services. Its core offerings span deposit accounts (including the flagship Kiraz Hesap hybrid demand/time deposit), consumer and commercial loans, credit and debit cards, investment products (FX, stocks, crypto, mutual funds), insurance agency services, and an API-based Banking-as-a-Service (Servis Bankacılığı) platform that enables embedded finance for third-party fintechs.

Product overview

Fibabanka is a Turkish digital bank offering a comprehensive suite of banking products across retail, SME, corporate, and private banking segments. The product portfolio centers on Kiraz Hesap as the flagship hybrid deposit product, complemented by e-Mevduat, currency-protected deposits, and precious metals accounts. Lending products include personal loans (İhtiyaç Kredisi, Anında Kredi), mortgages, auto loans, and shopping credit. Investment services encompass FX Market, Borsa Market (stocks), Kripto Market (crypto), and a full range of mutual funds through Fon Market. The bank operates a Banking-as-a-Service (BaaS) platform called Servis Bankacılığı, launched in September 2024 in partnership with GetirFinans, enabling embedded finance. Insurance products are distributed as agency including Fi-Pati (pet insurance), Ferdi Kaza (personal accident), life, health, and motor insurance. All services are accessible through Fibabanka Mobil mobile banking app with video banking for remote onboarding, FibabankaBiz for business customers, and Açık Bankacılık (Open Banking) for third-party integrations.

Differentiator

Problem solved

Functional benefit

Brands

• Fibabanka Mobil: Mobile banking application for iOS and Android devices
• Kiraz Hesap
• FibaBiz
• Fi-Pati
• Servis Bankacılığı
• Fibayatırım

Products and services

• Kiraz Hesap Hybrid demand/time deposit account combining daily usability with interest earnings; offers welcome rates up to 45% plus an additional 1% for Fund-backed Kiraz (Fonlu Kiraz) accounts.
• e-Mevduat Electronic deposit account providing digital-only access to deposit products with competitive interest rates for retail customers.
• İhtiyaç Kredisi (Personal Loan) Personal loan product for meeting immediate financial needs with competitive interest rates and flexible repayment options for individual borrowers.
• Konut Kredisi (Housing Loan) Housing mortgage loan for purchasing residential real estate with extended repayment terms and competitive interest rates.
• Taşıt Kredisi (Vehicle Loan) Vehicle financing loan for purchasing automobiles with flexible terms and competitive interest rates.
• Hızlı Para (Overdraft Account) Overdraft account providing instant access to credit when the account balance is insufficient, enabling continued spending without interruption.
• Efsane Kredi (SME Commercial Loan) SME-special commercial loan offering up to 1,500,000 TL with low interest rates and flexible terms, accessible 24/7 through FibabankaBiz mobile app.
• Kredi Kartları (Credit Cards) Credit card products with various reward programs, installment options, and spending benefits, branded under Mastercard and Visa networks.
• FX Market Foreign exchange trading platform for buying and selling currencies with real-time rates and live market data accessible via mobile and internet banking.
• Borsa Market (Stock Exchange Market) Stock exchange market for trading equities listed on Borsa Istanbul (BIST) with integrated Fibayatırım account opening capability, investment funds, and IPO participation.
• Kripto Market Cryptocurrency market providing access to digital asset trading with daily market commentary and analysis.
• Fon Market (Mutual Funds) Mutual fund marketplace offering money market funds, gold funds, currency funds, bond funds, stock funds, variable funds, eurobond funds, commodity funds, basket funds, and discretionary funds.
• Servis Bankacılığı (BaaS Platform) API-based Banking-as-a-Service platform enabling third-party fintechs and businesses to embed Fibabanka's banking products (accounts, loans, cards) into their own applications; first interface provider partner was GetirFinans.
• Açık Bankacılık (Open Banking) Open banking service enabling customers to securely share account information with third-party providers and initiate payments through licensed fintech partners via APIs.
• Özel Bankacılık (Private Banking) Private banking services for high-net-worth individuals including investment products, deposits, loans, cards, and insurance with personalized advisory services and dedicated relationship management.
• Fi-Pati Evcil Hayvan Sigortası (Pet Insurance) Pet insurance product covering veterinary expenses for cats and dogs up to 85% reimbursement, offered in three tiers (Maxi, Mini, S.O.S) and distributed as agent for Fiba Sigorta A.Ş.
• Ferdi Kaza Sigortası (Personal Accident Insurance) Personal accident insurance covering death and permanent disability due to accidents including earthquakes, medical expenses, and assistance services; offered in Silver, Gold, and Platinum tiers for ages 18-75.
• Bireysel Emeklilik Sistemi (BES) Private pension system providing long-term savings and investment with government matching contributions and tax advantages for individual retirement planning.
• AgroCard (Tarım Kartı) Agricultural card designed exclusively for farmers, providing access to agricultural credit and farming supplies with specialized insurance coverage.
• QR ile Ödeme QR code payment solution enabling contactless payments at participating merchants via the Fibabanka Mobil app.
• FAST Transfer Instant payment system enabling 24/7 real-time money transfers between all Turkish banks with immediate settlement via the FAST infrastructure.
• Global Transfer (Mastercard) International money transfer service powered by Mastercard for cross-border remittances using Mastercard Send infrastructure.
• Tedarikçi Finansmanı Sistemi (TFS) Supply chain finance system enabling suppliers to receive early payment while buyers extend payment terms, supporting corporate working capital management.
• Fibabanka Mobil (Mobile Banking App) Mobile banking application enabling customers to perform account management, transfers, investments, loans, and card operations with video banking for instant customer onboarding.

Quantifiable outcome

• Up to 46% annual interest rate on TL Kiraz Hesap deposits for new customers
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration16 records

Feature6 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Pionr (Tahsildar Platform)coreTechnology or Integration · 1 January 2025Fibabanka partners with Pionr's Tahsildar platform to provide embedded agricultural credit. The partnership generated over 750 million TL in agricultural credit volume in 2025, distributed to Pionr's network of 120,000+ SMEs and 900+ corporate clients. Fibabanka's credit facilities are integrated directly into the Tahsildar payment screen, enabling seamless agricultural financing at point of sale.
• GetirFinanscoreTechnology or Integration · 1 September 2024GetirFinans is an interface provider (Arayüz Sağlayıcı) that partnered with Fibabanka in September 2024 to launch a Banking-as-a-Service (BaaS) platform. Through this partnership, GetirFinans embeds Fibabanka's banking infrastructure — including account services and credit facilities — into its platform, enabling embedded financial services within the Getir super-app ecosystem. Fibabanka evaluates credit applications submitted via GetirFinans using KKB (Credit Bureau of Turkey) queries.
• AG MİKS (Trendyol)coreChannel Partner/ Reseller/ DistributorAG MİKS (Trendyol) serves as a channel partner enabling Fibabanka loan products to be marketed and distributed through the Trendyol e-commerce marketplace. Customers can access Fibabanka credit facilities directly within the Trendyol platform. Fibabanka evaluates credit risk using KKB queries and customer financial data. The partnership allows Fibabanka to reach customers at point of purchase in an e-commerce context.
• Fiba Group (Parent)coreOthersFibabanka is a member of the Fiba Group, a large Turkish financial and industrial conglomerate. The group affiliation provides brand credibility, cross-selling opportunities across group companies, and shared infrastructure. Fibabanka's insurance products are distributed through Fiba Group insurance companies including HDI Fiba Emeklilik ve Hayat A.Ş. and Fiba Sigorta A.Ş.
• HDI Fiba Emeklilik ve Hayat A.Ş.minorStrategic or Co-development PartnerFibabanka acts as an insurance agent (acente) for HDI Fiba Emeklilik ve Hayat A.Ş., distributing personal accident insurance (Ferdi Kaza Sigortası) and other life/health insurance products to its retail customer base. The insurance products are branded under Fibabanka and offered through the bank's digital and physical channels.
• Fiba Sigorta A.Ş.minorStrategic or Co-development PartnerFibabanka acts as an insurance agent (acente) for Fiba Sigorta A.Ş., distributing property, casualty, and other insurance products. Products include Fi-Pati Evcil Hayvan Sigortası (pet insurance) and other retail insurance offerings available through Fibabanka's digital channels and branches.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Akbank: Akbank is one of Turkey's top-tier private banks with a digital-first push (Akbank Mobil, N Kolay), retail/SME/corporate lending, cards, and investment products. Direct competitor in retail deposits, consumer loans, and digital acquisition — comparable in go-to-market and product mix.
• QNB Finansbank: QNB Finansbank is a Turkey-wide private bank (QNB Group-owned) serving retail, SME and corporate segments with strong digital banking (QNB eFinans) and consumer credit positioning. Comparable in scale, product mix, and digital-first ambitions.
• Garanti BBVA: Garanti BBVA is one of Turkey's largest private commercial banks offering a comparable full-stack suite — retail deposits, SME and corporate lending, credit cards, digital channels (Garanti BBVA Mobil), investment products, and insurance distribution. Most direct comparable to Fibabanka in business model, multi-channel strategy, and product breadth.
• DenizBank: DenizBank is a mid-to-large Turkish private bank (EMKAT-owned, with Emirates NBD ties) operating retail, SME, agricultural, and corporate banking. Highly comparable to Fibabanka in SME and agricultural credit focus and in branch-plus-digital distribution.
• Yapı Kredi: Yapı Kredi is a major Turkish private bank with retail, SME, corporate and private banking, a strong mobile app, and extensive credit-card franchise. Closely comparable to Fibabanka across product categories and target segments, with deeper scale but similar universal-bank positioning.

Emerging players

• Papara: Papara is a leading Turkish digital wallet / fintech offering prepaid cards, deposits, payments, and consumer credit via its own e-money license. Comparable to Fibabanka on digital-first retail acquisition and consumer credit, but competing from outside the regulated banking perimeter.
• Tosla (Tosla Financial Technologies): Tosla is a Turkish consumer-finance and digital-payments fintech offering cards, consumer loans, and embedded credit. Emerging competitor to Fibabanka in digital-first consumer credit and embedded finance, though smaller and more narrowly focused.

Regional players

• Kuveytturk Participation Bank: Kuveytturk is a Turkish participation (Islamic) bank owned by Kuwait Finance House. Comparable in serving Turkish retail and SME customers with deposits, financing, and digital channels, though operating under a different (interest-free) banking model.

Broad incumbents

• İş Bankası: İş Bankası is Turkey's largest private bank with the country's broadest branch and digital network, full retail/SME/corporate coverage, and an in-house investment/securities subsidiary. Comparable as a universal Turkish bank but materially larger and broader than Fibabanka.
• ING Turkey: ING Turkey operates a branchless/digital-led retail and SME bank under the global ING brand. Comparable to Fibabanka's digital-first, mobile-centric GTM, though narrower in corporate banking and operating as part of a global banking group.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/fibabanka
• YouTubeyoutube.com/channel/UCUfFfwPJ4tHcNWTJgFNFY1g
• Facebookfacebook.com/Fibabanka
• LinkedInlinkedin.com/company/fibabanka-a-
• Instagraminstagram.com/fibabanka
• TikToktiktok.com/@fibabanka

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 records

Funding overview

Funding rounds2 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments6 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fibabanka