Istanbul-based KolayBi, an online accounting and finance software platform, has raised $1.15 million in equity funding.

The fresh investment round was spearheaded by TechOne Venture Capital, a Turkish smart capital fund manager.

KolayBi, which was founded in 2017, intends to allocate a portion of the fresh capital towards accelerating growth.

In addition, the company will also deploy another portion of the money raised from the round in expanding its operations.