· Technology company Innovance, one of OYAK’s venture capital investments capable of establishing the entire software infrastructure of institutions across a wide range of sectors—from banking and insurance to retail and telecommunications—ranked first on the Forbes Turkey “Entrepreneur 2026” List.
· Innovance Founder and Chief Executive Officer Yusuf Ürey:
· “Our goal is to reshape the global financial architecture as a technology power emerging from our country. On this journey to the top, the trust and strategic support we received from OYAK have further strengthened our innovation capabilities. We are proud to represent our country’s technology-producing strength.”
This year, technology company Innovance, one of OYAK’s venture capital investments, took the top spot on the “Entrepreneur 2026” list prepared by Forbes Turkey, which highlights the country’s most promising ventures.
Among the 25 successful companies ranked on the list—spanning a wide range of sectors from software and artificial intelligence to gaming and biotechnology—Innovance outperformed major fintech players to secure first place with its unique business model capable of building institutions’ entire software infrastructure end-to-end, particularly in banking and finance as well as in various other sectors.
Founded in 2017, the company today plays a strategic role in the country’s technology exports with 100 clients, nearly 1,000 employees, and an annual turnover of 3 billion Turkish lira.
Innovance is among the ventures invested in by OYAK Portfolio Venture Capital Investment Funds and operates in the technology sector with innovative software solutions and digital transformation projects.
Innovance Took Its First Step Abroad with OYAK’s Investment
Innovance, which took its first step abroad in 2021 with investments received from OYAK, continues to accelerate its technology exports.
Under the Innovance umbrella operate several companies, including Dataspecta in data analytics and artificial intelligence solutions; Fintecia in core banking and digital banking infrastructures; Fiks Bilişim in enterprise software development and SAP solutions; Servicium in investment products and investment technologies; and Local US in location technologies.
“We Are Proud to Represent Our Country’s Technology-Producing Strength”
Innovance Founder and Chief Executive Officer Yusuf Ürey stated that the work they do is unique in the world and said:
“There are many companies that provide parts of this service, but there is no other company like ours in the world that can deliver it end-to-end. If you want to establish a bank, we have our own banking software. We can establish both participation banks and investment banks.”
Ürey emphasized that ranking first on the Forbes Turkey “Entrepreneur 2026” List is not merely an achievement but the recognition of a broader vision, adding:
“As a group that codes the future of finance across every layer of technology—from core banking and enterprise SAP solutions to data analytics and artificial intelligence—we are carrying our domestic engineering capabilities to the global league. Our goal is to reshape the global financial architecture as a technology power emerging from our country. On this journey to the top, the trust and strategic support we received from OYAK have further strengthened our innovation capabilities. We are proud to represent our country’s technology-producing strength.”
About Innovance
Founded in 2017 with fully domestic capital, Innovance is one of the rising technology companies in the country, operating across a broad spectrum ranging from the financial sector and public projects to startups and industry-focused digital transformation processes through its technology subsidiaries.
Continuing to grow globally through its subsidiaries in Germany, Romania, and the United Kingdom, Innovance actively takes part in numerous digital transformation projects with its expert engineering team.
Providing technological solutions to many domestic and international institutions and companies, Innovance makes a strategic contribution to reducing the country’s external dependency in technology production.
