LONDON — MHP has been appointed by new high-growth Turkish bank Papara to help its European growth technique, after a aggressive pitch.
Papara, the largest fintech in Turkey and the highest-rated fintech app in Europe on App Retailer and Google Play, presents client and enterprise banking providers to 4.5 million home customers. The enterprise is now increasing into new markets as a part of its ambition to grow to be a number one challenger bank, beginning with Lithuania and Germany, adopted by different European markets with a excessive inhabitants of Turkish immigrants.
The Engine group company will work with Papara to construct the model’s profile, specializing in its development, its working model and its buyer proposition and merchandise, together with its modern pricing construction, the place charges are waived for round 90% of customers and most charges are taken from excessive quantity business shoppers.
Papara CEO Ahmed F. Karsli mentioned: “We believe that the UK, as an international media hub, is the ideal location from which to tell our European story. We chose Engine MHP based on the team’s deep knowledge in the fintech space and their understanding of our positioning and ambition. We look forward to working with them at this crucial time in our growth.”
The account will likely be led by Nick Woods, head of monetary providers at MHP, who mentioned: “We are thrilled to be appointed at this exciting point in Papara’s journey as the business embarks on its European expansion. With a phenomenal domestic track record and a strong platform for further growth, this win is another example of us working with forward thinking businesses that are changing the face of financial services.”
Papara joins different high-growth expertise shoppers on the company, comparable to cryptocurrency platform Coinbase; international funds agency Klarna and Airbus-owned Skytra.
