Deniz Factoring

What Deniz Factoring does

Deniz Faktoring A.Ş. is a Turkish factoring company founded in 1998 as the factoring arm of the DenizBank Financial Services Group (DFHG), and is now wholly owned by DenizBank A.Ş., whose ultimate parent is Emirates NBD following the 2019 transfer of DenizBank shares. The company provides a unified portfolio of receivables-finance services organized around three core functions — guarantee, collection, and financing — delivered through seven named product lines: Deniz'e Çek Gönder (a digital check-financing platform accessible via iOS/Android app and web), Yurtiçi Faktoring (domestic factoring), Yurtdışı Faktoring (export and import factoring through the FCI correspondent network), Tahsilat Yönetimi (outsourced collection management), Tedarikçi Finansmanı (supplier financing), Kobi Çözümleri (SME solutions), and Kamu Finansmanı (public-sector receivables financing). All services are operated under Turkish Law No. 6361 on Factoring Companies, and the company maintains KR AAA (long-term) / KR A-1 (short-term) credit ratings from Kobirate.

The company operates 18+ physical branches across major Turkish commercial centers — Istanbul (six locations), Ankara (three), Izmir (two), Bursa, Adana, Antalya, Gaziantep, Diyarbakır, Samsun, Eskişehir, Tekirdağ, and Kayseri — and leverages DenizBank's 644+ branch network and 18.9 million-customer base for cash disbursement and lead generation. Technology infrastructure centers on the Deniz'e Çek Gönder platform, which uses QR-code/check-photo capture and SMS-based financing notifications, supplemented by an online application form, contact-center sales, and an investor-relations presence on Turkey's Public Disclosure Platform (KAP). Revenue is generated through transaction-based factoring commissions (export factoring commissions range from 0.6% to 1.5% depending on buyer geography and creditworthiness) and usage-based financing fees (interest on funds advanced, exempt from KKDF and subject to 5% BSMV for domestic factoring), supplemented by debt-instrument issuances in domestic capital markets to fund receivables purchases.

Target customer segments include Turkish SMEs (KOBİ), exporters, importers, and suppliers to public institutions, with international transactions enabled through Factors Chain International (FCI) membership since 2001 and Financial Institutions Association (FKB) membership since 2012. The company has 101–250 employees and a share capital of 2,490,000,000 TL held 100% by DenizBank A.Ş.

Name

Deniz Factoring

Legal name

Deniz Faktoring A.Ş.

Website

https://denizfactoring.com.tr

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

101–250 employees

Short description

Deniz Faktoring A.Ş. is a Turkish factoring firm founded in 1998 and wholly owned by DenizBank, providing receivables financing, collection management, and credit-risk guarantee services to SMEs, exporters, importers, and government suppliers across 18+ branches and a digital check-financing mobile platform.

Ownership category

akta.pro rank

Product category

Factoring Services

akta.pro primary industry

Receivables Finance (Factoring, Invoice Discounting, Forfaiting) (FSABAHAD)

akta.pro secondary industry

Invoice Financing & Factoring (FSAKAGAC)

Keywords

• Factoring services
• Working capital financing
• Receivables management
• SME financing
• Trade finance

Headquarters

HQ city

Sisli

Offices20 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Factoring Commission (Komisyon): Fees charged on the assigned receivables for creditworthiness research, risk coverage, account management, and collection services. Commission rates are competitive and determined based on prevailing market conditions.
2. Factoring Fee (Ücret): Interest rates charged on financing provided to customers, determined based on domestic and international market conditions. For export factoring, factoring fees are exempt from all taxes, duties, and charges. For domestic factoring, the factoring fee and commission are subject to 5% BSMV and are exempt from KKDF.
3. Debt Instrument Issuance: Deniz Faktoring issues bonds and bills (borçlanma araçları) in domestic capital markets to fund its operations, with multiple issuances tracked through the Public Disclosure Platform (KAP) across years 2014–2026.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Deniz Factoring is a Turkish factoring company that purchases receivables (checks, invoices, promissory notes) from businesses and provides three integrated services: guarantee against buyer default, collection management, and immediate cash financing against the receivables. It serves domestic and international trade through Yurtiçi Faktoring (domestic), Yurtdışı Faktoring (export/import), and the Deniz'e Çek Gönder digital platform, targeting SMEs, exporters, importers, and public-sector suppliers across Turkey.

Product overview

Deniz Faktoring operates as a factoring company within the DenizBank Financial Services Group, offering a unified portfolio organized around three core functions: Guarantee, Collection, and Financing. The product line consists of seven named services: Deniz'e Çek Gönder (a digital check deposit and financing platform accessible via mobile app and web), Yurtiçi Faktoring (domestic factoring for B2B receivables), Yurtdışı Faktoring (export and import international factoring with correspondent network coverage), Tahsilat Yönetimi (outsourced receivables management), Tedarikçi Finansmanı (supply chain financing), Kobi Çözümleri (SME-focused financing packages), and Kamu Finansmanı (public sector receivables financing). All services are delivered through DenizBank's branch network, digital channels, and the Deniz'e Çek Gönder app, with operations governed under Turkish Law No. 6361 on Factoring Companies.

Differentiator

Problem solved

Functional benefit

Brands

• Deniz'e Çek Gönder: A mobile application and web platform that allows businesses to send checks to Deniz Faktoring for quick cash access without waiting for the check maturity date.

Products and services

• Deniz'e Çek Gönder (Send Check to Deniz) A mobile and web platform that allows businesses to submit checks for immediate cash financing without waiting for check maturity. Customers photograph checks (via QR code or front/back photo), receive SMS notification of the approved financing amount, and collect cash at the nearest DenizBank branch. Designed for SMEs and businesses needing fast liquidity against post-dated checks.
• Yurtiçi Faktoring (Domestic Factoring) Domestic factoring service involving the transfer of receivables from domestic B2B sales of goods or services to the factoring company. Provides three integrated functions: credit risk guarantee against buyer default, professional collection management, and immediate cash financing against the receivables to support working capital needs of Turkish businesses.
• Yurtdışı Faktoring (International Factoring) Export and import factoring services covering international trade receivables through the FCI correspondent factoring network. Provides 100% credit risk protection against foreign buyer insolvency, financing against export invoices, and supplier credit lines for importers without using bank non-cash credit limits. Export factoring fees are exempt from all taxes, duties, and charges.
• Tahsilat Yönetimi (Collection Management) Outsourced collection management service for businesses' receivables, covering open account, check, and promissory note collections. Includes regular performance reporting and optional advance payment features, allowing clients to professionalize collection without building in-house teams.
• Tedarikçi Finansmanı (Supplier Financing) Supply chain financing solution enabling suppliers of financially strong debtor companies to convert their receivables into cash at favorable rates, using only invoices and the debtor company's payment direction acceptance, rather than requiring extensive collateral.
• Kobi Çözümleri (SME Solutions) Priority and accelerated financing solutions tailored for small and medium-sized enterprises (SMEs/KOBİ), combining factoring services with credit risk protection and international market intelligence support to help SMEs grow and compete.
• Kamu Finansmanı (Public Finance Services) Factoring solutions for companies that sell goods or services to Turkish public institutions and government agencies, leveraging DenizBank's government relationship network to convert long-dated public-sector receivables into cash.

Quantifiable outcome

• In 2020, Deniz Faktoring was targeted among the top 3 factoring companies aiming for 50% growth
• +1 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Factors Chain International (FCI)coreStrategic or Co-development PartnerMember since 2001, providing Deniz Faktoring access to an international network of correspondent factoring companies for export and import factoring transactions. In 2004, Deniz Faktoring was accepted as an FCI Full Member for high transaction volume and service quality.
• Finansal Kurumlar Birliği (FKB) (Financial Institutions Association)coreStrategic or Co-development PartnerMember since 2012, the Financial Institutions Association (Association of Financial Leasing, Factoring and Financing Companies) represents the factoring industry and provides a platform for regulatory compliance and industry collaboration.
• Güney Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş.minorOthersIndependent auditor of Deniz Faktoring as disclosed in investor relations materials, responsible for annual and interim audit reports.

Scale indicators7 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Garanti Faktoring: Direct Turkish competitor offering domestic and international factoring to SMEs; part of the Garanti BBVA group, providing bank-distribution scale comparable to Deniz Faktoring's DenizBank affiliation.
• Yapı Kredi Faktoring: Factoring subsidiary of Yapı Kredi (Koç Financial Services / UniCredit); competes head-on in domestic and export receivables financing for Turkish corporates and SMEs.
• İş Faktoring: One of Turkey's largest factoring companies, owned by İş Bank group; offers similar SME-focused domestic and export factoring services with comparable branch reach and bank-backed funding.
• TEB Faktoring: Factoring subsidiary of TEB (BNP Paribas partnership); offers domestic and export factoring plus supplier financing, competing with Deniz for cross-border Turkish trade volume.
• Creditwest Faktoring: Turkish factoring company offering receivables financing to SMEs and corporates; a smaller but direct competitor in domestic factoring market share.
• Anadolu Faktoring: Independent Turkish factoring company focused on SME domestic factoring; competes with Deniz in KOBİ segment but without the scale of a major-bank parent.
• Halk Faktoring: Factoring arm of Halkbank, providing SME and public-sector receivables financing; overlaps directly with Deniz Faktoring in the Kamu Finansmanı segment and SME KOBİ solutions.
• QNB Finansleasing (Factoring arm): Part of QNB Group's Turkish presence; provides factoring and leasing services to SMEs, with comparable international factoring reach via QNB's global correspondent network.

Broad incumbents

• Bibby Financial Services: International SME factoring and invoice finance provider; comparable in business model (SME receivables finance, FCI correspondent membership) and serves as a benchmark for cross-border factoring scale.
• Factors Chain International (FCI): Global industry association of which Deniz Faktoring is a Full Member; sets correspondent-factoring standards and represents the broader international factoring infrastructure that enables Deniz's cross-border services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/denizfaktoring

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

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 Deniz Factoring