KolayBi

KolayBi' is a Turkish financial technology company that provides a cloud-based accounting and finance platform tailored for small and medium-sized enterprises (SMEs). Founded in 2017 by Gökhan Boyana (CEO) and Cem Taylan Ekinci (COO), the Istanbul-based firm aims to streamline and digitize the financial operations of businesses. The venture originated from an idea the co-founders had while pursuing their master's degrees in Italy. Initially launched under the name NKolayOfis, the company rebranded to KolayBi' to avoid brand confusion and better reflect its mission of simplifying business processes.

The company's core offering is a Software-as-a-Service (SaaS) platform that enables businesses to manage their finances from a single interface. The business model is subscription-based, providing solutions for pre-accounting, expense tracking, and financial reporting. KolayBi' generates revenue by offering a suite of digital tools designed to enhance efficiency and financial sustainability. The platform serves a broad market, including startups, private companies, and SMEs across various sectors. A significant milestone was reached in September 2022, when the company secured a $1.15 million investment led by TechOne Venture Capital, part of a total funding of over $1.4 million raised across several rounds. This funding has supported the company's growth, which included serving over 40,000 customers and processing an e-invoice volume of $4 billion by late 2022.

KolayBi's platform integrates a comprehensive set of features. It allows users to issue and track various electronic documents, including e-invoices, e-archives, and e-dispatches. A key function is its integration with over 20 Turkish banks, which allows customers to view all their bank account activities on one screen for real-time cash flow management. The product suite also includes contact and inventory management, order and project income-expense tracking, virtual POS for payment collection, and marketplace integrations. The company has continually updated its offerings to meet regulatory requirements, such as adding features to handle a new accommodation tax for the tourism industry. Looking forward, KolayBi' plans to expand into European and Middle Eastern markets.

Keywords: financial technology, SME accounting, cloud-based software, SaaS, pre-accounting, e-invoicing, financial management, expense tracking, cash flow management, bank integration, invoice management, Turkish startup, Istanbul, Gökhan Boyana, Cem Taylan Ekinci, TechOne VC, QNBEYOND Ventures, digital transformation, business finance, inventory management, virtual POS, marketplace integration, financial reporting, order management