
Startups in financial services and technology can apply until November 29, 2026
AI-generated summary
Mastercard Lighthouse Türkiye is a 14-week acceleration program that supports startups in the field of financial services and technology. More than 200 applications were received in the first two semesters, and some of the graduate startups completed investment rounds or were selected for global programs.
Applications for the third term of the Mastercard Lighthouse Türkiye Entrepreneurship Acceleration Program are now open. Startups working in the field of financial services and technology can apply at turkiyelighthouse.com until November 29, 2026.
The program supports startups to grow their businesses, meet corporate business partners and investors, and prepare for global markets. Startups that pass pre-selection and jury evaluation will take part in the program for 14 weeks.
Which startups can apply?
Startups operating in Türkiye or aiming to operate in Türkiye can apply. The areas the program focuses on are:
Payment systems Cybersecurity and risk management Financial support and investment Sustainability and inclusivity Marketing technologies Productivity, data and analytics SME solutions
What's in the program?
In the 14-week program, startups will work on their growth needs with experts in coaching sessions. In addition, workshops and meetings with the participation of industry professionals will be organized. Training topics include artificial intelligence, preparation for investor meetings and presentation skills. Startups will also be able to get to know Mastercard's solutions closely and evaluate possible areas of cooperation.
The program will end with the Demo Day event, where startups will share their solutions and the progress they have made throughout the program with the ecosystem.
Results of the first two periods
Mastercard Lighthouse Türkiye received over 200 applications in its first two terms. During these periods, over 170 coaching and expert sessions, over 60 one-on-one meetings and over 30 trainings and workshops were held. Approximately 100 corporate contacts were established, and proof of concept (PoC) studies were initiated with various business partners. The 2025 startup satisfaction rate announced by the company is 97 percent.
There is also news from graduate startups. Masraff, the winner of the 2024-2025 period, became the first startup from Türkiye to be selected for Mastercard's global startup program Start Path. Hardal completed its $1.55 million investment round under the leadership of Simya VC. Rudiq, one of the 2025 period startups, received an investment of 1 million dollars under the leadership of Simya VC and aims to grow in the USA, Saudi Arabia and the UAE.
Mastercard Eastern Europe Region Consultancy Services Senior Vice President Onur Doğan said that they started the program by believing that the solutions developed by startups in Türkiye would find response in international markets. Doğan stated that the success of graduate startups is their biggest motivation in the third term and invited entrepreneurs who want to expand their business to apply.
AI outlook — possibilities, not facts
Startups accepted in the third period will share their solutions with the ecosystem at the Demo Day event.
Very likely · Within months

The first results of the Congressional midterm elections in the USA reduced the risk appetite in global markets. While the possible success of the Democrats disrupted Trump's policies, declines were seen in Asia and the valleys; While the dollar declined, gold and euro rose.

The first results from the US Congressional midterm elections triggered a sharp rise in gold prices. Gram gold increased by 2.5 percent to 6,460 liras, and ounce gold increased by 2.4 percent to 4,016 dollars. The Democrats' loss of control of Congress to the Republicans increased the uncertainty in Trump policies and directed investors to the safe haven.
The analysis published on the CBRT Center's Agenda blog examined real sector investments in funds that were included in the scope of liquidation with the CMB's decision dated September 17, 2026. It was determined that approximately 3 thousand companies had investments worth 116.2 billion TL. The share of these companies in the real sector was calculated as 1.2 percent of total assets, 0.6 percent of employment and 0.9 percent of turnover. Access to credit remains and the average cost of credit is slightly higher than other firms but not statistically significant.
BIST 100 index gained 0.56 percent and closed at 11,023.55 points. The fact that Republicans reached the majority in the House of Representatives in the midterm elections of the US Congress brought a sales-oriented trend in global markets. Analysts stated that 11,300 and 11,400 points are resistance for BIST 100, while 11,000 and 10,900 points are support.

ZTE may divest its smartphone division into a joint venture with a major Chinese internet company and state investors from Shanghai. The value of the new business is estimated at 40 billion yuan (about $5.6 billion). The RedMagic gaming brand will remain outside the agreement and continue under ZTE's umbrella.

CBRT reported that as of September 15, 2026, approximately 3 thousand real sector companies invested a total of 116 billion lira in funds within the scope of liquidation. 57 billion lira of this amount is in money market funds, the rest is in stock funds and other fund types. The study emphasized that the share of fund-exposed companies in the real sector is low and the use of credit increases during the liquidation process.