Creditwest Faktoring

What Creditwest Faktoring does

Creditwest Faktoring A.Ş. is a Turkish financial factoring company incorporated in 1994 (originally as Toprak Factoring A.Ş.) and publicly traded on Borsa Istanbul under the ticker CRDFA. Following the transfer of its original parent Toprakbank to Turkey's Savings Deposit Insurance Fund (TMSF), the company was acquired by diversified conglomerate Altınbaş Holding A.Ş. and rebranded to its current identity. It provides receivables financing and cash-flow management services to corporate clients in Turkey, with a registered capital of TL 300,000,000.

The company's core product portfolio covers three factoring lines: Domestic Factoring (Yurtiçi Faktoring) for managing in-country receivables, International Factoring (Uluslararası Faktoring) for cross-border trade transactions, and Guaranteed Factoring (Garantili Faktoring) which wraps receivables with credit-risk mitigation. Distribution is direct via a single Istanbul headquarters office (with a registered branch presence), serving primarily Turkish enterprises through relationship-led sales. The offering is augmented by an informational "Factoring Advantages" module aimed at client education.

Ownership is concentrated: Altınbaş Holding holds an effective 29.05% indirect stake (through ASV Holding, ALTINHAS Holding, Nusret Altınbaş, and ALFAM Yönetim Danışmanlık), Atlas Portföy Dördüncü Serbest (TL) Fon holds 14.88%, and the remaining 56.07% is public float. The business model generates revenue through factoring fees, discount rates, and service charges on assigned receivables (specific pricing is not publicly disclosed). The company maintains ongoing Capital Markets Board (SPK) Corporate Governance compliance reporting and Turkish Personal Data Protection (KVKK) compliance, positioning it as a regulated, disclosure-oriented public financial entity.

Name

Creditwest Faktoring

Legal name

Creditwest Faktoring A.Ş.

Website

https://creditwest.com.tr

Company type

Public

Founded year

1994

Operating status

Operating

Headcount range

51–100 employees

Short description

Creditwest Faktoring A.Ş. is a publicly listed Turkish factoring company (Borsa Istanbul: CRDFA) owned by Altınbaş Holding, providing domestic, international, and guaranteed receivables financing and collection management to Turkish businesses.

Ownership category

akta.pro rank

Product category

Commercial Factoring Services

NAICS

Nondepository Credit Intermediation (5222), Credit Intermediation and Related Activities (522), Sales Financing (522220)

SIC

Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD)

akta.pro secondary industries

Lending & Credit Disbursements (FSAMAKAH), Accounts Payable (Invoice Processing, 2/3-Way Match, Vendor Payments) (BPAAAGAA)

Keywords

• Factoring services
• Receivables financing
• Domestic factoring
• International factoring
• Guaranteed factoring

Headquarters

HQ city

Ankara

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Distribution channels1 record

Core offering

Creditwest Faktoring is a Turkish factoring company that provides receivables financing and cash flow management services to businesses. Its core offerings include Domestic Factoring (Yurtiçi Faktoring), International Factoring (Uluslararası Faktoring), and Guaranteed Factoring (Garantili Faktoring), enabling clients to manage their accounts receivable, mitigate collection risk, and finance both domestic and cross-border trade transactions.

Product overview

Creditwest Faktoring operates as a single-product factoring company offering a unified factoring service portfolio. The core offerings include Domestic Factoring (Yurtiçi Faktoring), International Factoring (Uluslararası Faktoring), and Guaranteed Factoring (Garantili Faktoring), which together address various aspects of receivables management and collection services for Turkish businesses. The company positions itself as Turkey's fastest-growing factoring company, serving both corporate and individual clients through its digital and innovative service approach.

Differentiator

Problem solved

Functional benefit

Products and services

• Yurtiçi Faktoring (Domestic Factoring) Domestic factoring services enabling businesses to manage their domestic receivables and improve cash flow through collection management. Designed for Turkish businesses engaged in domestic B2B trade who need to convert accounts receivable into working capital.
• Uluslararası Faktoring (International Factoring) International factoring services for cross-border trade transactions, helping businesses manage their export and import receivables. Designed for Turkish businesses engaged in import/export activities who need cross-border receivables financing and collection support.
• Garantili Faktoring (Guaranteed Factoring) Guaranteed factoring product that helps companies manage their collection processes, providing risk mitigation for receivables. Designed for businesses that want credit risk protection on their receivables.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Deniz Faktoring: Affiliated with DenizBank (Emirates NBD group). Direct competitor in Turkish factoring, serving corporate and SME segments with similar product stacks.
• Vakıf Faktoring: Affiliated with VakıfBank. Direct competitor offering domestic and international factoring products to Turkish corporate clients.
• QNB Finans Faktoring: Subsidiary of QNB Finansbank (Qatar National Bank group). Direct competitor offering receivables-financing products to Turkish corporates with cross-border parent reach.
• Yapı Kredi Faktoring: Yapı Kredi Bank subsidiary providing factoring services across Turkey. Closely comparable offerings in domestic and international factoring with strong corporate client overlap.
• ING Faktoring (Turkey): Turkish subsidiary of ING. Direct competitor offering factoring and receivables-financing services to Turkish businesses with the backing of a global bank.
• Halk Faktoring: Subsidiary of Halkbank, one of Turkey's largest state-owned banks. A direct competitor in domestic and international factoring with similar product scope and customer base.
• İş Faktoring: Backed by İş Bank, Turkey's largest private bank. Direct competitor in the factoring market with broader product breadth and access to İş Bank's SME customer base.
• Garanti Faktoring: Owned by Garanti BBVA (BBVA Group). Direct competitor offering domestic, international and guaranteed factoring to Turkish corporates, with the funding-cost advantage of a major bank parent.
• Anadolu Faktoring: Independent Turkish factoring company with comparable product offerings (domestic, international, guaranteed) and a similar focus on SME and corporate clients.

Regional players

• Bayramoğlu Factoring: Independent Turkish factoring company operating primarily in the Marmara region. Comparable in scale and product focus though with a narrower geographic footprint than Creditwest.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/creditwest-faktoring

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

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 Creditwest Faktoring