Yapı Kredi FRWRD

Name

Yapı Kredi FRWRD

Legal name

Yapı ve Kredi Bankası A.Ş.

Website

https://yapikredifrwrd.com

Company type

Private

Founded year

2022

Operating status

Operating

Ownership category

akta.pro rank

Product category

Banking Innovation Accelerator

NAICS

Computer Systems Design Services (541512), Computer Systems Design and Related Services (54151), Other Computer Related Services (541519)

SIC

Services-Prepackaged Software (7372), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Procurement, Vendor Management & Purchase-to-Pay (P2P) (FSAGAJAK)

Keywords

• Startup accelerator programs
• Fintech innovation platform
• Banking API services
• Corporate venture programs
• Open banking solutions

Headquarters

HQ city

Istanbul

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Startup Investment: FRWRD provides investment opportunities to startups from Yapı Kredi and its working partners. The program connects promising startups with investment capital through FRWRD Ventures.
2. Innovation Services for Bank: The program supports Yapı Kredi Bank by sourcing innovative digital applications and technologies from startups to add value to the bank's products and services.
3. API Access Fees: The API Portal enables developers and startups to access Yapı Kredi APIs to build services, potentially generating usage-based revenue through API consumption.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Yapı Kredi FRWRD is the corporate innovation and startup acceleration platform of Yapı Kredi Bank. It runs multiple accelerator programs (FRWRD Global for international scaling, İş Birliği Programı for collaboration with the bank, Fast FRWRD Blockchain Solutions, and Fast FRWRD KOBİ Solutions) plus a public API Portal giving developers access to Yapı Kredi's banking APIs. Selected startups receive proof-of-concept validation, investment opportunities via FRWRD Ventures, mentorship, training, and introductions to investors and partners.

Product overview

Yapı Kredi FRWRD is an innovation and acceleration platform operated by Yapı Kredi Bank, consisting of multiple interconnected programs and digital products. The core offerings include: (1) FRWRD Global - an international acceleration program supporting startups in expanding to global markets; (2) İş Birliği Programı - a collaboration program for startups to contribute to Yapı Kredi's products and services; (3) Fast FRWRD - sub-programs including Blockchain Solutions and SME Solutions; and (4) an API Portal providing developers access to Yapı Kredi APIs. Additionally, the platform enables various mobile banking products including POS Cepte (mobile POS), QR Havale (QR transfer), Apple Watch banking, WhatsApp banking, Bankacı Klavye (keyboard payments), AR-based card viewing, and contactless login features.

Differentiator

Problem solved

Functional benefit

Products and services

• Yapı Kredi FRWRD Global An international acceleration program supporting startups in scaling to global markets by connecting them with investors, customers, and partners at major international technology events. Open to technology startups with AI-focused innovative solutions that have active customers and revenue.
• Yapı Kredi İş Birliği Programı (Collaboration Program) A collaboration program inviting startups with scalable, innovative business models and ready products to contribute to Yapı Kredi's products and services. Offers PoC validation, development support, API access, and partnership opportunities with the bank.
• Fast FRWRD Blockchain Çözümleri An acceleration sub-program focused on blockchain technology startups developing solutions for financial services and other applications, including digital wallets, NFT platforms, and legal-tech on blockchain.
• Fast FRWRD KOBİ Çözümleri An acceleration sub-program targeting startups developing technology solutions for small and medium-sized enterprises (SMEs), covering POS systems, shipping, marketing, HR, and business management tools for the SMB banking segment.
• Yapı Kredi API Portal A developer portal providing access to Yapı Kredi's banking APIs, enabling developers and startup companies to create high-value-added services, analyze consumer habits, and deliver superior user experiences for fintech applications.

Named customers51 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature5 records

Partnerships

Six partnerships are on record, tiered core and major.

• KOSGEBcoreStrategic or Co-development PartnerKOSGEB (Küçük ve Orta Ölçekli İşletmeleri Geliştirme ve Destekleme İdaresi Başkanlığı) is Turkey's SME Development and Support Administration. Partnership provides access to government support programs and SME ecosystem for startups in the FRWRD program.
• YTÜ Yıldız TeknoparkcoreStrategic or Co-development PartnerYTÜ Yıldız Teknopark (Yıldız Technical University Technopark) partners with Yapı Kredi FRWRD for the Global Program, providing startup ecosystem access and facilitating participation in international tech events like London Tech Week and GITEX Global.
• TurcornmajorStrategic or Co-development PartnerTurcorn is Turkey's startup ecosystem development organization. Partnership supports FRWRD Global program by connecting Turkish startups with international opportunities and ecosystem resources.
• Unicorn Factory LisboamajorStrategic or Co-development PartnerUnicorn Factory Lisboa is Portugal's startup support organization based in Lisbon. Partnership enables FRWRD Global Portugal program, connecting Turkish startups with the Portuguese ecosystem and Web Summit access.
• Boğaziçi Üniversitesi TeknoparkcoreStrategic or Co-development PartnerBoğaziçi University Technopark provides technology startup support and ecosystem connections for FRWRD program participants, leveraging the university's research and innovation infrastructure.
• TenitymajorStrategic or Co-development PartnerTenity collaborates with Yapı Kredi FRWRD for the 'Road to DACH Region' program, supporting startups' expansion into the DACH region (Germany, Austria, Switzerland) with access to Bits & Pretzels, a major European entrepreneurship event.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Tenity: Swiss-based fintech accelerator and corporate innovation partner. Direct operating partner on FRWRD's Road to DACH program; comparable in running bank-sponsored fintech cohorts with PoC and investment support.
• İş Bankası Workup: İş Bankası's corporate startup accelerator and innovation program, offering similar startup collaboration, mentorship, and investment opportunities targeting fintech and emerging-tech ventures in Turkey.
• Akbank LAB: Akbank's open-banking and innovation platform that supports fintech startups via APIs and collaboration programs, directly competing with FRWRD's API Portal and collaboration program tracks.
• Plug and Play Tech Center: Global corporate innovation platform that runs bank-sponsored accelerator programs and connects startups with enterprise partners. Highly comparable in operating model (multi-vertical cohorts, corporate partner network, Demo Day format).
• Startupbootcamp (Techstars): Global accelerator operator running fintech and bank-sponsored programs across multiple geographies. Comparable as a multi-region fintech accelerator with corporate sponsor integration.
• Garanti BBVA Garage: Direct Turkish competitor operating the most established bank-backed startup collaboration and acceleration program. Targets the same Turkish fintech and SME startup cohort as FRWRD with similar PoC validation, partnership, and investment tracks.

Broad incumbents

• BBVA Spark: BBVA's global innovation and high-growth startup banking unit. Comparable to FRWRD's combination of startup banking, API access, and venture-style engagement, but at parent-bank scale with international reach.
• BNP Paribas Group Innovation & Growth Catalyst: Global bank-backed accelerator and innovation network. Comparable as a corporate banking accelerator but at a much larger global scale, providing PoC partnerships and venture support to fintech startups.
• Santander X / Santander Explorer: Santander's global startup and innovation platform supporting founders via acceleration, APIs, and ecosystem partnerships. Comparable in offering bank-rail API access, international cohorts, and PoC programs.
• HSBC Innovation Lab / HSBC Venture Partnership: Global bank's innovation and venture engagement arm offering startup collaboration, APIs, and fintech partnerships. Comparable as an incumbent bank innovation program but at global scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/YapiKredi
• Facebookfacebook.com/YapiKredi
• LinkedInlinkedin.com/company/yapi-kredi-frwrd
• Instagraminstagram.com/yapikredi

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments4 records

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

Frequently asked questions about Yapı Kredi FRWRD