Turkish E-commerce Platform ikas Secures $20 Million to Fuel International Growth Plans

The digital transformation in the retail sector has opened many new opportunities for startups that offer e-commerce solutions tailored towards small businesses. One such promising startup is ikas, a Turkey-based ecommerce platform that recently raised a sizeable $20 million Series A funding round.

Founded in 2017 by serial entrepreneur Mustafa Namoğlu and his experienced team, ikas has developed a versatile online store management platform that gives small brands and retailers an easy way to set up and run a professional online storefront. By simplifying the process and offering out-of-the-box integrations for payments and shipping, ikas has found great success in its home market of Turkey as well as Germany.

With the new influx of capital led by renowned impact investor International Finance Corporation, ikas is now well-positioned to introduce its streamlined ecommerce services to more markets across Europe and beyond. CEO Namoğlu commented that most regions outside the US remain underserved by large players due to lack of localization. Ikas intends to fill this gap by providing multilingual support and a plug-and-play solution tailored for the needs of small businesses.

Backed by a lineup of reputed investors including growth-stage investor Re-Pie Asset Management, ikas is poised to replicate its Turkey growth stats internationally. By eliminating the complexities around payments, shipping and online store management, ikas gives SMBs a powerful yet easy-to-use tool to sell online and expand their customer base in the digital era. This latest round will fuel ikas’ mission of enabling the next wave of global digital merchants from underserved regions.