One platform that leads to fast and advantageous conditions on invoice financing of SME's. Creating a correct match up of SME's to financial institutions from one point.
Business is in operating status over 8 months after getting local authorization fr om Banking Regulations and Supervision Agency of Turkey. We're gaining members and financial institutions day by day. The total market cap of Invoice Financing is over 40.000.000.000$ in Turkey and expanding every year. What we try to do is gaining minimum of 10% of market cap transactions over our portal in two years time. Our income model is fixed fees with lead generation, we can not take commissions as percentage due to regulations in Turkey. So what we plan is expanding our business wh ere invoice finance is actively done.
Problem or Opportunity
SME's losing time while looking for best rates of financing their invoices. Same thing is valid for searching the best loan rates of banks for individuals and SME's.
Solution (product or service)
This platform leads SME to reach more than one financial institution at the same time and have the opportunity to compare and choose with easy and fast way. Also if an individual or SME wants to take a loan from bank, our platform leads members to compare loan rates and member can choose/apply the best for theirselves.
In Turkey; faturalab.com faktodeks.com fonradar.com
Advantages or differentiators
Integrations with accounting softwares to get bulk data Integration with Credit Bureau of Turkey for credit scoring Approval from Turkish Authorities