Islamic Finance

Turkish gold trading app attracts investor interest


Published 08 Feb,2021 via Hürriyet Daily News - More than 10 companies, including three from the United States and one from Europe, have shown interest in Turkish startup Goldtag, which enables users to make gold transactions and give golden gifts via mobile phones.

Dolunay Sabuncuoğlu, a co-developer of the application, said they will not sell shares of more than 20 percent at this stage. Apart from international investors, at least seven domestic firms, including a bank, also offered partnership, he said.

“We trust in the Goldtag application’s potential and uniqueness. The interest of investors makes us happy. We have received some tempting offers but we have been focused on further developing the application and increasing number of users. We can evaluate partnership offers in the upcoming period. We want to create a new brand for our country, so we don’t ever think of selling the application as a whole,” he said on Feb. 6.

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