Photo - Hamilinden.com
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Hamilinden.com

Fastest way of Invoice Financing

Turkey
Market: Financial services
Stage of the project: Operating business

Date of last change: 05.06.2020
Min investment
$  250.000
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Total required
$ 500.000
Rating
equalizer из 1000
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Idea

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.

Current Status

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.

Competitors

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

Money will be spent on

Mostly Payroll, Marketing&Sales, R&D

Team or Management

Won the competition and other awards

Webrazzi Summit 2019 pitching for last 10 start ups choosed.

Photos

Photo 1 - Fastest way of Invoice Financing
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video