PROJECT

Projects

Summary of Investment Information

Project Number

49071

Company Name

Ikas Teknoloji Anonim Sirketi

Date SPI Disclosed

Nov 17, 2023

Country

Turkiye

Region

Central Asia and Turkiye

Projected Board Date

Dec 19, 2023

Environmental Category

C - No Impact

Status

Active

Last Updated Date

Mar 30, 2024

Department

Equity Portfolio Management

Industry

Telecommunications and Technology

Previous Events

Approved : Dec 21, 2023
Signed : Dec 22, 2023
Invested : Mar 27, 2024

Sector

Other Services (Including IT Enabled Services)

Project Description

Headquartered in Ankara, Türkiye, Ikas (or “the Company”) is a Turkish provider of ecommerce-enablement software that serves SMEs. Ikas provides a platform with user-friendly software offering tools required to create and operate online storefronts, facilitating product sales and brand exposure. 

IFC is considering an equity investment of up to US$7 million in Ikas’ Series A round. The funding will support Ikas’ expansion in Türkiye and Germany.                                                 

Associated Advisory Engagement

    There are no associated advisory engagements with Ikas.                                               

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation