After the “Supplier Financing” product, Akbank signed a new cooperation with Figopara with the “SME Easy Financing” product, which is aimed to revitalize the business life of companies.
According to the statement made by Akbank, within the framework of the cooperation carried out for SMEs to access finance easily, quick solutions will be provided to their financing needs by enabling SMEs to collect their receivables early.
With the ‘SME Easy Financing’ product, it is aimed for SMEs to instantly convert their undue receivables into cash, to regulate their cash flows, and to get rid of the hassle of waiting for maturity.
Akbank SME Banking Deputy General Manager Bulent Oguz, whose views are included in the statement, stated that the said cooperation is an important development to support the commercial life of SMEs and said:
‘Keeping the cash flow in balance is one of the most important issues in business life. One of the problems our SMEs face today is that their receivables are long-term. At this point, in cooperation with Figopara, we enable our SMEs to convert their invoices into cash without waiting for their receivables. Within the scope of the SME Easy Financing product, which we offer with this cooperation, companies send the invoice information that they are creditors and want to turn into cash to our bank in digital environment through Figopara. Our bank provides early financing by discounting the invoice. Thus, we are excited and happy to provide quick and easy financing to our SMEs. As Akbank, we aim to reach all our users with such collaborations and to shape Akbank products according to the needs of our customers.’
‘With our Akbank cooperation, we will solve the cash and maturity problems of SMEs’
Figopara Co-Founder Bulut Arukel stated that they have solved the cash needs and maturity problems of SMEs by intermediating the financing they need.
Stating that while digitalizing SMEs’ access to finance from end to end, they contribute to their trade by supporting their cash flow management, Arukel said:
‘Our main goal with our product ‘SME Easy Financing’, which we have implemented for the sustainable finance management of SMEs, is to turn the receivables of SMEs into financing whenever they need it, without the need for checks and promissory notes. Thanks to our valuable cooperation with Akbank, we are excited to offer services to SMEs that want to go beyond traditional products and services and seek quick and easy solutions to their cash needs. Thanks to our cooperation, we will offer many advantages that will make the life of SMEs easier, and we will solve the cash and maturity problems of SMEs. As Figopara, we continue our efforts to create innovation and value-added services for SMEs to meet with products suitable for digitalization, cash flow management and trade finance.’
Source: AA / Prepared by Irem Yildiz