Target Holding Decides to Boost Fintech Investments
Hedef Holding has decided to increase its investments in the financial technology (fintech) sector. The significant digital transformation in the financial sector and the rising competition have led Hedef Holding to provide end-to-end financial services. With its brokerage firm, portfolio management company, venture capital, investment bank, and various fintech companies, the holding aims to offer a wide range of financial solutions to individual and corporate clients under one roof, providing fast and reliable services.
To enhance the effectiveness of the services offered to clients, Hedef Holding aims to stand out in the industry with its financial instruments, investment opportunities, and public offerings. Despite periodically tightening financial conditions, Hedef Holding continues to work tirelessly on fintech investments. Furthermore, a significant portion of the credit portfolio of the newly established Hedef Investment Bank will be allocated to funding fintech companies.
Hedef Holding's strategic vision extends beyond fintech investments, planning to diversify by investing in high-value-added areas such as defense, technology, and green energy. These diverse investments are part of the company's strategic vision. Dr. Namık Kemal Gökalp, Chairman of the Board of Hedef Holding, stated that the increasing competition in the financial sector has made technology investments mandatory. He emphasized the importance of digitalization, mentioning that companies focusing on customer satisfaction are making a difference in the industry. He expressed that Hedef Holding aims to provide innovative and integrated solutions while striving to make customers' financial experiences seamless from start to finish. In this context, he added that they will continue fintech investments and further expand their activities in this area.
Current status of HEDEF stock: HEDEF started the week with a downward trend, trading around the 3 TL mark with a decrease of about 1.2% in the last hour. After slowing its decline around 2.9 TL last month, the stock began to move sideways at an average of 3 TL. Maintaining its downward momentum since the beginning of the year, HEDEF shows a devaluation of 45% this year.