F-Ray Financial Technologies

What F-Ray Financial Technologies does

F-Ray Financial Technologies (legal name: F Ray Finansal Teknolojiler ve Derecelendirme A.Ş.) is a Turkey-based fintech founded in 2021 and headquartered at METU TEKNOKENT in Ankara. The company operates a self-serve, web-based stock-analysis platform at f-rayscoring.com that serves primarily individual retail investors in Turkey and selected international markets, with a secondary B2B offering through its JetScoring (jetscoring.com) product for financial institutions and SMEs.

The core technology stack combines machine learning algorithms for reading and interpreting financial documents, NLP-based generation of risk and assessment texts, and a proprietary F-Ray Score methodology layered on top of standard valuation metrics (Piotroski F-Score, WACC, ROIC, Beta) and technical indicators (RSI, CCI, MACD, Fibonacci). The platform ingests near-real-time data from Turkey's KAP (Public Disclosure Platform) and BIST data partner ForInvest, exposing 16 quarters of balance sheet, income statement, and cash-flow tables with multi-currency (TL/USD/EUR) views across BIST, NASDAQ, and NYSE listings.

F-Ray monetizes primarily through tiered consumer subscriptions on its web platform (325 TL monthly, 845 TL quarterly, 2925 TL annually) processed via Iyzico, and through B2B machine-learning-powered risk reporting via JetScoring. Distribution is product-led and digital: a blog, YouTube tutorials, and active social channels on Twitter/X, Instagram, and LinkedIn drive top-of-funnel acquisition, while partnerships with İş Bankası, Garanti BBVA, TEB Yatırım, and Teklifim Gelsin provide B2B credibility and SME reach. The company is seed-stage, with 1-10 employees, having raised approximately 1.7M TL across 2022-2023 from Startup Wise Guys, Aktif Ventures (Mindvest), and TT Ventures, with stated expansion targets across Turkey, Malaysia, Saudi Arabia, Ireland, and the US.

Name

F-Ray Financial Technologies

Legal name

F Ray Finansal Teknolojiler ve Derecelendirme A.Ş.

Website

https://f-rayscoring.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

F-Ray Financial Technologies (Ankara, Turkey) builds an ML-powered stock-analysis platform covering BIST, NASDAQ, and NYSE for Turkish retail investors, plus a B2B risk-reporting product (JetScoring) for financial institutions and SMEs.

Ownership category

akta.pro rank

Product category

Financial Analytics Software

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Digital/Robo Financial Planning (FSAEAAAK)

akta.pro secondary industries

SME Credit Risk, Underwriting & Financial Data (B2B Fintech Data/Decisioning) (FSAGAJAM), Financial Planning & Analysis (FP&A) & BI (HDAEAMAG)

Keywords

• Stock analysis software
• Financial analytics platform
• Algorithmic scoring tools
• Risk analysis reporting
• Investment research platform

Headquarters

HQ city

Ankara

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations

Revenue model

1. Subscription Plans (Consumer): F-Ray generates revenue primarily through tiered subscription plans for its retail stock analysis platform. Plans are billed monthly (325 TL), quarterly (845 TL), or annually (2925 TL). All tiers include unlimited access to financial analysis and reports, a 48-hour refund policy, and WhatsApp support. Payments are processed through Iyzico secure payment infrastructure.
2. B2B Financial Analysis / Risk Reporting (JetScoring): F-Ray offers B2B machine learning-powered risk analysis reporting products that read and interpret financial documents, generating risk reports for customers and suppliers. This targets both financial institutions and SMEs through jetscoring.com.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

F-Ray Financial Technologies operates a web-based stock analysis and scoring platform (f-rayscoring.com) that uses proprietary machine learning algorithms to deliver fundamental and technical analysis tools for BIST, NASDAQ, and NYSE-listed companies. The platform is sold to individual retail investors via tiered monthly, quarterly, and annual subscription plans, while a separate B2B product called JetScoring delivers ML-powered financial document reading and risk analysis reporting for financial institutions and SMEs.

Product overview

F-Ray Financial Technologies operates a dual-product portfolio consisting of the F-Ray Stock Analysis Platform (f-rayscoring.com) as the primary B2C offering, and Jet Scoring (jetscoring.com) as the B2B product. The F-Ray platform provides comprehensive stock market analysis covering BIST, NASDAQ, and NYSE exchanges with tools for financial scoring, technical analysis, filtering, benchmarking, and IPO tracking. Jet Scoring is a separate B2B service that uses machine learning to analyze financial documents and generate instant risk reports for evaluating customers and suppliers. The company also offers an SME-focused financial analysis report product in partnership with Teklifim Gelsin.

Differentiator

Problem solved

Functional benefit

Brands

• JetScoring: A B2B product that uses machine learning algorithms to collect data from financial statements and generate instant risk reports for customers and suppliers.

Products and services

• F-Ray Stock Analysis Platform (f-rayscoring.com) A comprehensive B2C stock market analysis platform covering BIST, NASDAQ, and NYSE markets. Provides F-Ray Scores and financial evaluation texts, filtering and benchmarking tools, 16-quarter detailed financial tables with USD/EUR views, dividend tracking, capital increase calendars, technical analysis indicators (RSI, MACD, Fibonacci), Piotroski F-Score, and IPO tracking for individual retail investors.
• JetScoring (jetscoring.com) A B2B machine learning-powered tool that collects data from financial statements to generate instant risk reports for customers and suppliers, helping businesses protect against problematic receivable risks.

Quantifiable outcome

• 16 quarters of financial data including balance sheet, income statement, and cash flow
• +1 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability4 records

Feature8 records

Partnerships

Six partnerships are on record, tiered minor.

• İş BankasıminorOthersMajor Turkish bank featured as a reference/customer partner on F-Ray's website, indicating commercial or data usage relationship.
• Garanti BBVAminorOthersMajor Turkish bank featured as a reference/customer partner on F-Ray's website, indicating commercial or data usage relationship.
• TEB YatırımminorOthersInvestment arm of TEB (Türkiye İş Bankası Group) featured as a partner on F-Ray's website, indicating commercial or platform usage relationship.
• ForInvestminorOthersData provider supplying BIST stock market data to F-Ray's platform, as noted in the platform's disclaimer section.
• Teklifim GelsinminorGTM or Marketing PartnerPartnership offering free AI-generated financial analysis reports to SMEs (KOBİ) through F-Ray FinTech and Teklifim Gelsin collaboration, enabling wider market reach to small businesses.
• JetScoring (jetscoring.com)minorOthersA related B2B product of F-Ray that uses machine learning algorithms to collect data from financial tables and generate instant risk reports for customers and suppliers, addressing problematic receivables risk.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Morningstar: Global investment-research incumbent offering fundamental data, analyst reports, ratings, and portfolio tools for both retail and institutional investors. Comparable in scoring methodologies (e.g., star ratings) and broad coverage of equities.

Direct peers

• Investing.com: Large global financial portal offering real-time quotes, fundamental data, technical analysis, and economic calendars across BIST and global markets. Comparable in target audience (retail investors) and breadth of analytical tools.
• Simply Wall St: Visual fundamental-analysis platform that turns balance-sheet and valuation data into infographic-style 'snowflake' company reports. Comparable in democratizing institutional-grade fundamental scoring for self-directed retail investors via subscription.
• TradingView: Global charting and social-investing platform covering BIST alongside dozens of global exchanges with technical indicators, scripting, and idea sharing. Most directly comparable in retail-facing technical/fundamental analysis, though at a much larger scale.
• TipRanks: Analyst-tracking and stock-research platform that scores analysts, hedge funds, and corporate insiders, then surfaces that intelligence to retail investors. Closely comparable in using proprietary scoring/ranking to differentiate a retail-investor research product.

Emerging players

• Koyfin: Financial-data and analytics platform targeting investors who want Bloomberg-style fundamentals and estimates in a modern UI. Comparable as a subscription-based, PLG-oriented alternative to incumbent terminals with deep fundamental ratios.
• Getmidas: Turkish retail investment app aggregating brokerage, fractional shares, and educational content. Comparable as a Turkish-market fintech building retail-investor tooling and engagement around BIST and global equities.

Others

• Creditsafe: Global business credit-reporting and company-risk data provider with ML-driven analytics. Comparable as the established benchmark for the B2B risk-reporting motion that F-Ray's JetScoring product is attempting to localize for SMEs.

Regional players

• Foreks: Turkish financial data and trading platform with technical analysis, fundamental data, and BIST market coverage. Comparable as a domestic Turkish retail-investor tooling incumbent competing for the same user base.
• Matriks: Turkish financial data terminal providing real-time BIST market data, fundamental analysis, and portfolio tools to professional and retail Turkish investors. Closest regional incumbent to F-Ray's Turkish-equities focus.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/frayscoring
• YouTubeyoutube.com/channel/UCHI3leN8sKNVXpHvh_2StVA
• LinkedInlinkedin.com/company/f-ray-financial-technologies
• Instagraminstagram.com/frayfintech

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds4 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about F-Ray Financial Technologies