RegTech secures $12 million deal in Turkey

RegTech, a revolutionary regulatory technology platform founded by fintech trailblazer Tanvir A. Mishuk, has officially launched in Turkey. In less than 12 months since its inception, the company has secured a $12 million deal with top-tier Turkish banks and financial institutions—paving the way for what many investors now predict will be the next billion-dollar unicorn in the RegTech space.

This expansion marks a defining moment in the digital transformation of Turkey’s financial sector and positions Mishuk’s venture at the centre of a global compliance revolution.

Tanvir A. Mishuk is no stranger to transforming financial systems. As the founding architect of Nagad, one of Bangladesh’s most influential digital finance platforms, he brought secure and inclusive digital transactions to over 70 million people. His legacy in financial innovation continues now through RegTech, where his vision is simple but bold: “Build systems that earn trust before they enforce compliance.”

“Turkey is one of the most dynamic fintech frontiers in the world right now. Our entry here reflects our commitment to supporting forward-thinking nations with real-time, AI-powered compliance infrastructure,” said Tanvir A. Mishuk, Founder and Executive Chairman of RegTech.

“This $12 million partnership validates our global model. We’re not just building software—we’re future-proofing financial systems.”

$12 Million Deal with Turkey’s Financial Powerhouses

As part of its official Turkish debut, RegTech has secured a landmark $12 million agreement with a consortium of traditional and digital-native banks. The company will deploy a suite of advanced regulatory solutions—covering AI-based KYC, anti-money laundering (AML) detection, and real-time audit trail reporting—to elevate transparency, speed, and compliance resilience.

“We’re excited to collaborate with RegTech at a time when the Turkish financial sector is scaling digital transformation,” said Selim Karaca, Executive Director of Digital Banking at one of Turkey’s top five private banks.

“Their AI-driven compliance tools are exactly what we need to meet rising global regulatory expectations.”

Since its quiet launch, RegTech has captured the attention of global investors and venture capitalists. With high-profile engagements already secured in Asia and Europe—and now a $12 million expansion in Turkey—industry analysts and tech investors are calling RegTech “a top candidate for unicorn status before its first anniversary.”

“Tanvir A. Mishuk is building what Stripe did for payments—only this time for compliance. RegTech is already a global player. If momentum continues at this rate, a billion-dollar valuation isn’t just likely—it’s imminent,” said an anonymous senior partner at a UK-based investment bank.

The Banking Regulation and Supervision Agency (BRSA) has recently accelerated reforms enabling digital-only banks and service model banking. RegTech’s arrival aligns directly with Turkey’s broader goals to strengthen regulatory capacity while embracing cutting-edge innovation.

Through its Turkish hub—based in Istanbul and Ankara—RegTech will offer plug-and-play RegTech modules tailored to both legacy institutions and emerging digital players.