| Founded | 2012 |
|---|---|
| Closed | 2023 |
| Country | Turkey |
| Sector | Fintech |
| Collapse type | Silent Shutdown |
Enpara
"Turkey's original neobank was killed by its parent after 85% inflation made the numbers impossible."
Quiet closure with no public announcement
Key Events Timeline
Enpara, Turkey's pioneering digital bank subsidiary of QNB Finansbank and one of the first mobile-only banks in MENA, was shut down in 2023 after Qatar National Bank's parent decided the unit was no longer strategically viable under Turkey's extreme inflation environment.
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