Nar Kitle Fonlama Platformu

What Nar Kitle Fonlama Platformu does

Nar Kitle Fonlama Platformu A.Ş. (operating as Nar Fon) is a Turkish equity crowdfunding intermediary founded in 2022 and headquartered in Istanbul's Esenler district within the Kuluçka Merkezi technology incubator. The company operates an SPK-licensed web and mobile platform that connects Turkish startups and growth-stage companies seeking early-stage equity capital with retail and qualified (nitelikli) investors, under the Capital Markets Board's Crowdfunding Communiqué (III-35/A.2). Its core technology integrates with Takasbank (Istanbul Settlement and Custody Bank) for escrow services and MKK (Merkezi Kayıt Kuruluşu) for securities registration through the E-Yatırımcı system, with social login via Google, LinkedIn, and Apple to reduce onboarding friction, and is delivered as both a web platform and iOS/Android mobile applications.

The platform's commercial model is a tiered transaction fee structure assessed entirely on the startup side. Nar Fon charges a 10% platform usage fee on campaigns up to ₺5M raised, 8% on ₺5M–10M, and 6% on ₺10M+, applied only to successfully raised capital, plus a flat ₺50,000 + KDV evaluation fee and a 2% pre-campaign preparation fee credited against the platform usage fee. MKK (0.1%) and Takasbank (0.5%) pass-through fees on target funding are also billed to the startup regardless of outcome; investors pay no fixed fees, with only a credit card processing fee added at payment time. Nar Fon has facilitated disclosed campaigns ranging from ₺2.5M to ₺4.6M across sectors including language learning (Qarint), futuristic technology (Helimore), home safety (Miafon), and fintech (Finrend), with broader coverage spanning software, agriculture-food, defense industry, gaming, manufacturing, health, and energy.

Nar Fon is co-founded and led by CEO Gökhan Alpen, operates with a 1–10 employee footprint, and has no disclosed institutional funding, parent company, or M&A activity. The go-to-market is a domestically focused, self-serve PLG model — startups submit projects through an online pre-application, undergo Investment Committee review, and upon approval list campaigns that investors can browse and commit to via web or mobile. The value proposition centers on regulatory credibility (SPK oversight, MKK/Takasbank infrastructure), a formal Investment Committee evaluation methodology, and investor protections including a 48-hour cooling-off period and full escrow-based refunds for failed campaigns.

Name

Nar Kitle Fonlama Platformu

Legal name

Nar Kitle Fonlama Platformu A.Ş.

Website

https://narfon.com.tr

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

Nar Fon is an SPK-licensed Turkish equity crowdfunding platform founded in 2022 that connects early-stage startups with retail and qualified investors, integrating Takasbank escrow and MKK securities registration for regulated campaign execution.

Ownership category

akta.pro rank

Product category

Equity Crowdfunding Platform

NAICS

Other Financial Vehicles (52599)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Fund Accounting & NAV Calculation (FSAAAMAB)

akta.pro secondary industry

Large-Cap / Sponsor Finance Direct Lending (FSANADAJ)

Keywords

• Equity crowdfunding platform
• Startup capital raising
• Early-stage investment
• Venture securities marketplace
• SPK-regulated crowdfunding

Headquarters

HQ city

Istanbul

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Digital Commerce or Content

Cost components

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

Revenue model

1. Platform Usage Fee (Startup): Percentage of campaign funds raised (10%/8%/6% depending on campaign size); only charged on successful campaigns; lower rate for larger campaigns
2. Evaluation Operation Fee (Startup): Flat evaluation fee of 50,000 TL + KDV charged to startups before campaign launch, independent of campaign outcome
3. MKK Transaction Fee (Startup): MKK transaction fee of 0.1% of target funding + KDV, charged regardless of campaign outcome
4. Takasbank Transaction Fee (Startup): Takasbank transaction fee of 0.5% of target funding + BSMV, charged regardless of campaign outcome
5. Credit Card Payment Processing Fee (Investor): Service provider commission added to credit card investment amounts; no fees charged to investors

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Nar Fon is a SPK-regulated equity crowdfunding platform operating in Turkey that enables startups and growth-stage companies to raise capital by issuing equity stakes to retail and qualified investors. The platform integrates with Takasbank for escrow protection and MKK for share registration, with an internal Investment Committee screening campaigns before listing.

Product overview

Nar Fon operates as a single unified equity crowdfunding platform, regulated by Turkey's Capital Markets Board (SPK) under the Kitle Fonlaması Tebliği (III-35/A.2). The core Nar Fon Platform serves as the primary product, enabling startups and companies to raise equity capital through public campaigns. The platform is complemented by a mobile application for investors and advisory services including Investment Committee evaluation and Project Consultancy to support entrepreneurs in preparing their funding campaigns. The platform supports both equity-based and debt-based crowdfunding models.

Differentiator

Problem solved

Functional benefit

Products and services

• Nar Fon Platform A web-based equity crowdfunding platform regulated by the Capital Markets Board of Turkey (SPK), enabling startups and growth-stage companies to raise capital from investors in exchange for equity shares across sectors including software, agrifood, defense, fintech, gaming, manufacturing, health, and energy.
• Nar Fon Mobil Uygulaması (Mobile Application) Mobile application for iOS and Android devices that allows investors to browse campaigns, make investments, and manage their portfolio directly from their mobile devices.
• Yatırım Komitesi Değerlendirme Hizmeti (Investment Committee Evaluation Service) An investment committee evaluation service where submitted projects undergo rigorous assessment against objective criteria including innovation potential, technology and production activities, risk-return analysis, and alignment with national interests before being approved for platform listing.
• Proje Danışmanlığı (Project Consultancy) Project advisory service where a dedicated Proje Danışmanı (Project Consultant) is assigned to help entrepreneurs prepare their information forms and present their campaigns to the Investment Committee.

Quantifiable outcome

• Successfully listed campaigns have raised between ₺2.5M and ₺4.6M+ per campaign.

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Sermaye Piyasası Kurulu (SPK)coreOthersRegulatory oversight and licensing authority. Nar Fon operates under SPK's Crowdfunding Regulation (III-35/A.2). SPK approves the platform as a licensed crowdfunding intermediary and oversees its operations.
• İstanbul Takas ve Saklama Bankası A.Ş. (Takasbank)coreTechnology or IntegrationEscrow agent (emanet yetkilisi) for crowdfunding funds. Holds investor capital in a blocked (bloke) account during the campaign period. Manages fund transfers to funded companies or refunds to investors if the campaign fails.
• Merkezi Kayıt Kuruluşu (MKK)coreTechnology or IntegrationCentral Securities Depository for share registration and record-keeping. Investors' shares are registered through MKK's E-Yatırımcı (E-Investor) system. MKK also handles KYC/identity verification for platform users.
• DEİK (Dış Ekonomik İlişkiler Kurulu)minorStrategic or Co-development PartnerForeign Economic Relations Board of Turkey. Listed as a membership/organizational affiliation, suggesting potential international partnership or networking for Turkish startups.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Others

• AngelList (AngelList Venture / Rolling Funds): US venture platform enabling startup fundraising and fund formation. Adjacent infrastructure provider — does not directly compete in Turkey under SPK rules but represents an alternative model for connecting startups with capital.
• Türkiye Sermaye Piyasası Aracı Kuruluşları (Takasbank): Not a competitor but a core infrastructure partner providing escrow (emanet yetkilisi) services to SPK-licensed crowdfunding platforms including Nar Fon. Included as ecosystem participant critical to platform operations.

Direct peers

• Fonbulucu (formerly Fongogo): One of Turkey's leading SPK-licensed equity crowdfunding platforms. Directly comparable as a domestic competitor offering campaign-based equity raises from Turkish startups to retail and qualified investors.
• Startupfon: Turkish equity crowdfunding platform targeting startups and growth-stage companies. Closely mirrors Nar Fon's business model, regulatory positioning and investor/issuer segmentation in the same Turkish market.
• BirFon: Turkish SPK-licensed equity crowdfunding platform operating in the same regulatory framework and serving Turkish startups and investors. Direct domestic competitor for issuer pipeline.

Broad incumbents

• Crowdcube: One of Europe's largest equity crowdfunding platforms with thousands of funded raises. Comparable core product (online equity campaign platform) but operates at much greater scale and across multiple geographies.
• Wefunder: US-regulated equity crowdfunding platform under Regulation Crowdfunding (Reg CF). Comparable marketplace model connecting startups with retail investors, but with a far larger issuer and investor base.
• Republic: US-based investment platform (formed via Seedrs merger) offering equity and asset-backed crowdfunding across multiple jurisdictions. Directly comparable product offering with much larger global scale and broader asset class coverage.

Regional players

• Companisto: Germany's leading equity crowdfunding platform. Offers the same equity-campaign product targeting German startups; comparable mechanism but operates in a different regulatory and geographic market than Nar Fon's Turkey focus.
• Seedmatch: German equity crowdfunding pioneer. Comparable product and target audience (early-stage companies and retail/qualified investors) but serves a different geography under BaFin oversight rather than SPK.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInnarfon.com.tr/sosyal-medya/linkedin/giris-kayit
• Xx.com/nar_fon

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments3 records

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

Frequently asked questions about Nar Kitle Fonlama Platformu