Female employee representation at Turkish firm Param hits 60%

Bu Muhammet Emin Horuz

ISTANBUL (AA) - The ratio of female employees in Turkish fintech firm, Param, reached 60%, the company said Friday in a statement.

"Continuing its activities with over 600 employees, Param sets an example for the sector with its female employee and female manager ratio," it said.

Some 63% of Param's senior management consists of female managers, it said.

Param provides financial services to corporate and individual customers with accounts, wallets, prepaid cards, virtual POS, physical POS domestic and international money transfer products.

In July, the company reached the valuation of $200 million at its first investment round which was subscribed by institutional investors CEECAT Capital, the European Bank for Reconstruction and Development (EBRD), Alpha Associates, and Revo Capital.