03 May 2024

Welsh FinTech start-up secures £5mn export deal

Written By FinTech Alliance in FinTech

Welsh FinTech start-up secures £5mn export deal

Thanks to support from the Welsh Government.

 

In brief:

- The deal will see Finalrentals, a digital car rental platform based in Cardiff, add ten key locations across Turkey including major cities Istanbul, Ankara and Bursa, with access to a network of over 500 vehicles.

- Finalrentals negotiated the milestone contract at ITB Berlin, the world’s largest travel trade show, which the company attended with the support of the Welsh Government last month.

- Following its recent success, Finalrentals has now set its sights on further global expansion, aiming to increase its client base to 100 clients by 2025 – equivalent to 200% yearly growth.

 

What does this mean?

Ammar Akhtar, founder and CEO at Finalrentals, said: “Turkey is a notoriously difficult car rental market as it’s one of the biggest and most competitive in Europe. It’s not easy for an outsider to break into the market, but meeting with prospective partners at ITB Berlin allowed us to negotiate the biggest deal we’ve had to date.

 

Read more here.

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