Ankara, Türkiye - Onlayer, a Turkey-based regtech and end-to-end merchant management platform supporting banks, payment service providers (PSPs), and enterprises, has announced it has raised $8,2 million in a Series A funding round.
The new capital will be used to accelerate expansion in the Middle East, Africa, and Asia-Pacific markets, as well as strengthen its AI-based solutions for risk management, compliance, and performance improvement.
New and existing investors
The round was led by Oleka Capital, with participation from Deniz Ventures, the venture capital arm of DenizBank, incorporated under the corporate venture capital umbrella of Emirates NBD Group, Revo Capital, the Türkiye Development Fund through INVEST101, and Sandeep Gomes as new investors. The Future Impact Fund, managed in partnership with existing investors Vestel Ventures and Tacirler Portfolio Management, also participated in the round.
The Series A round follows a $1 million pre-Series A round completed earlier this year, bringing Onlayer's total funding to $9,2 million.
Redefining global standards in merchant risk
«In its sixth year of operation, Onlayer is proud to have established itself as a global player, helping to redefine industry standards in merchant risk management and compliance. This achievement is the result of our team's commitment and the trust of our clients and investors.", he has declared Kıvanç Harputlu, co-founder and CEO of Onlayer. "Thanks to this investment, we will continue to grow at full speed, aiming to become the leading technology provider in our sector worldwide.».
«Onlayer is transforming the way financial institutions collaborate with corporate and merchant clients. Results in Turkey demonstrate that the product and team are ready to expand into new markets.", commented İlker Sözdinler, Managing Partner of Oleka Capital.
Onlayer will further accelerate its path to global expansion
«Onlayer establishes itself as one of the best examples of the TechFin vision, transforming compliance from simple fulfillment into a strategic lever capable of accelerating financial growth", commented Cenk Bayrakdar, Founding Partner and Managing Director of Revo Capital.
«Onlayer demonstrates how locally developed technology can generate real impact on a regional and global scale, particularly in financial infrastructure and risk management", he has declared Elif Emirli Altuğ, General Manager and Member of the Board of Directors of Türkiye Development Fund.
«As Onlayer's first institutional investor, we are confident that it will accelerate its path towards global ambitions with even greater determination and confidence.», he said Selami Düz, Coordinator of Maxis Ventures.
Merchant onboarding, risk, and compliance in a single platform
Founded in 2019, Onlayer offers a unified merchant management platform that helps banks and PSPs automate merchant onboarding, continuously monitor portfolios, manage PCI-DSS compliance, and gain data-driven insights to reduce risk and drive growth. With offices in London, Dubai, and Saudi Arabia, the company currently serves financial institutions and service providers in 12 countries across the MENA and APAC regions.
Onlayer's platform integrates merchant onboarding, real-time monitoring, AML and fraud controls, PCI-DSS compliance workflows, and continuous merchant analytics into a single environment, enabling financial institutions to identify and manage merchant risks and scale their portfolios more efficiently.
Recently, Onlayer became one of the few companies in the world to be designated as Mastercard-approved Merchant Monitoring Service Provider (MMSP) Thanks to this recognition, Onlayer is the first MMSP authorized in Turkey and Europe. This recognition certifies compliance with global payment network standards and grants Onlayer direct access to a large network of acquiring banks and payment service providers (PSPs).
Changes and revisions to this article
- Article updated on 26/11/2025 at 14:53 - Typo corrected
- Article updated on 27/11/2025 at 21:50 - Content updated
- Article updated on 27/11/2025 at 22:02 - Article revised
- Article updated on 27/11/2025 at 22:06 - Article revised
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Comments (1)
The article discusses Onlayer and its successes in the regtech sector, but I'm not sure this expansion into foreign markets is a good idea, given the challenges facing these countries. It will be interesting to see how they respond.