BiLira is a technology company.
BiLira has raised $3.0M across 1 funding round.
BiLira has raised $3.0M in total across 1 funding round.
BiLira has raised $3.0M in total across 1 funding round.
BiLira's investors include Delta Blockchain Fund.
BiLira is a Turkish blockchain technology company founded in 2019, specializing in cryptocurrency products tailored to the local market, including the TRYB stablecoin pegged 1:1 to the Turkish Lira, BiLira Kripto exchange, and BiLira Direct on/off-ramp.[1][2][3][4] It serves both B2B clients (protocols, exchanges, institutions) and B2C users (retail traders, high-net-worth individuals) by solving key problems like high transaction costs, limited fiat-crypto accessibility, and volatility in Turkey's economy through secure, low-fee, lira-backed solutions.[3][4][5] BiLira's growth momentum includes expanding from stablecoin issuance to a full exchange with deep liquidity, market-making (contributing ~25% of local exchange volume), OTC services, and integrations like Fireblocks and Circle, positioning it as a leader in Turkey's crypto ecosystem amid rising adoption.[3][4]
BiLira was founded on July 19, 2019, by Sinan Koç (CEO), Murat Fırat (CTO), and Vidal Arditi (COO), a team of fintech experts, software engineers, and blockchain developers based in Istanbul.[1][2] The idea emerged during the nascent stages of blockchain in Turkey, where stablecoins—especially a Turkish Lira-pegged one—were virtually unknown; the founders aimed to create accessible crypto tools amid economic instability and high traditional fees.[3] Early traction came from launching TRYB as a reliable medium of exchange, educating the market on stablecoin benefits, and building partnerships like Paxful for peer-to-peer ramps, which helped BiLira grow into a multi-product platform despite initial adoption hurdles.[2][3]
BiLira rides the global stablecoin and DeFi wave, specifically addressing Turkey's high inflation, currency devaluation, and crypto enthusiasm by providing lira-pegged stability as a fiat on/off-ramp and trading hub.[2][3][6] Timing is ideal amid Turkey's maturing blockchain infrastructure, regulatory shifts toward crypto inclusion, and rising local demand for efficient alternatives to traditional finance.[1][4] Market forces like blockchain scalability, partnerships (Circle, Fireblocks, Paxful), and BiLira's ~25% market-making share favor its dominance, influencing the ecosystem by increasing liquidity, promoting adoption, and transitioning toward decentralized governance.[2][3][4]
BiLira is poised to solidify as Turkey's premier crypto gateway, with upcoming expansions in B2C exchange features, B2B stablecoin integrations, and global outreach via products like BiLira Direct.[3][4] Trends like tokenized assets, regulatory clarity in emerging markets, and DeFi growth will shape its path, potentially evolving influence through community governance and deeper liquidity provision.[2] As it scales from lira-focused stablecoin pioneer to full-suite fintech innovator, BiLira continues transforming inaccessible finance into an inclusive, efficient reality for Turks and beyond—echoing its founding mission to expand economic prosperity.[1]
BiLira has raised $3.0M across 1 funding round. Most recently, it raised $3.0M Series A in April 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2022 | $3.0M Series A | Delta Blockchain Fund |