Akfactoring A.Ş

What Akfactoring A.Ş does

Akfactoring A.Ş. is a Turkish factoring company established on September 18, 1992, headquartered in Istanbul's Şişli district. The company was acquired by Altınhas Holding in 2011 and is now majority-owned (84.99%) by Altınhas Yatırım Holding, with Altınhas Holding retaining a 15% stake. As a BDDK-regulated financial institution, Akfactoring operates within Turkey's formal factoring industry framework, holding the regulatory license required to provide invoice-based financing services to commercial clients.

The company's product suite is centered on domestic (Yurtiçi) factoring. Core offerings include Cash Management — advance payments against receivables — Collection Management (third-party receivables administration), Credit Intelligence (counterparty risk assessment services), and Document Delivery conducted through partner banks. Revenue is generated through two mechanics: transaction-based commissions/fees on each factoring transaction, plus interest income on advances extended to clients against their receivables. The customer base targets Turkish businesses engaged in credit-based B2B sales, positioning the firm in the horizontal segment of the factoring market rather than any vertical specialization. Distribution is sales-led, combining direct sales effort with a corporate website and online application portal.

Operational scale is modest: Akfactoring itself reports approximately 8 employees, although it sits within the broader Altınhas Holding group which has 500+ employees. Share capital stands at 330,000,000 TL. Capital markets engagement is an observable feature — periodic bond issuances in September 2023, February 2024, and September 2025, alongside ongoing credit rating assessments by Türk Rating (2020–2024) and previously JCR Eurasia (2018–2019) — suggesting active use of debt capital markets to fund receivables financing. The company is KVKK-compliant under Turkish data protection law and is governed by a four-member board chaired by İnan Altınbaş with Hüseyin Altınbaş as Vice Chairman.

Name

Akfactoring A.Ş

Legal name

Ak Faktoring A.Ş.

Website

https://akfactoring.com.tr

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

1–10 employees

Short description

BDDK-regulated Turkish factoring company providing domestic invoice-based financing, receivables collection management, and credit intelligence services to businesses engaged in credit sales, operating as a subsidiary of Altınhas Holding since 2011.

Ownership category

akta.pro rank

Product category

Commercial Factoring

NAICS

Nondepository Credit Intermediation (5222), Credit Intermediation and Related Activities (522)

SIC

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

akta.pro primary industry

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

akta.pro secondary industries

Supply Chain Finance (Trade Credit, PO/Inventory Financing) (FSAKAGAE), Asset-Based Lending (ABL) (FSANADAD)

Keywords

• Domestic factoring services
• Receivables financing
• Invoice discounting
• Cash flow management
• Credit intelligence services

Headquarters

HQ city

İstanbul

HQ country

Türkiye

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Factoring Komisyon ve Masrafları: Commission and fees charged for collection intermediation and/or guarantee services provided. This is the primary revenue stream for factoring services, charged based on the volume and nature of factoring transactions.
2. Faktoring Faizi: Interest charged when advance payment (ön ödeme) facility is utilized by customers. Interest accrues on the pre-funded amount until the receivable matures.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Ak Faktoring A.Ş. is a BDDK-regulated factoring company in Turkey that provides domestic (yurtiçi) factoring services to businesses engaged in credit sales. Its core offering includes financing (advance payment against assigned receivables), guarantee (collection guarantee), and collection management of trade receivables, along with credit intelligence (kredi istihbaratı) services for debtor risk assessment.

Product overview

Ak Faktoring A.Ş. is a factoring services company that provides a comprehensive suite of financial solutions centered around domestic factoring. The core product portfolio includes Yurtiçi Faktoring (Domestic Factoring) for invoice-based financing, Tahsilat Yönetimi (Collection Management) for receivables tracking, Nakit Yönetimi (Cash Management) for early cash conversion, and Hizmet Verme Fonksiyonu (Service Function) for full receivables administration. The company also offers Kredi İstihbaratı (Credit Intelligence) as an add-on module for debtor risk assessment and Kıymetli Evrak Teslimi (Document Delivery) as a support service through partner banks. The services are designed for businesses of all sizes engaged in credit sales, offering financing, guarantee, and collection functions under the Altınhas Holding umbrella.

Differentiator

Problem solved

Functional benefit

Products and services

• Yurtiçi Faktoring (Domestic Factoring) Short-term, invoice-based factoring service that provides immediate financing by prepaying a percentage of receivables from product or service sales, combined with guarantee and collection services. Targeted at Turkish businesses conducting credit sales.
• Nakit Yönetimi (Cash Management) Service allowing customers to assign their credit receivables to the factoring company and receive cash payment of the invoice amount before the due date, addressing working capital and liquidity needs.
• Hizmet Verme Fonksiyonu (Service Function) Comprehensive receivables administration service covering record-keeping of transferred receivables, issuance of notices and collection procedures on behalf of customers, legal collection when necessary, and debtor intelligence reporting.
• Kıymetli Evrak Teslimi (Document Delivery) Support service allowing customers to deliver valuable documents (kıymetli evrak) to partner banks for faster processing, time savings, and reduced transportation challenges.

Quantifiable outcome

• Receivables converted to cash before maturity date
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered minor.

• Partner Banks (for Kıymetli Evrak Teslimi)minorChannel Partner/ Reseller/ DistributorAk Factoring has partnerships with banks for valuable document delivery (kıymetli evrak teslimi). Customers can deliver their valuable documents to partnered banks for faster processing and time savings.
• Türk RatingminorOthersTürk Rating provides annual credit rating assessments for Ak Factoring, evaluating financial strength and creditworthiness from 2020 to 2024.
• JCR EurasiaminorOthersJCR Eurasia is an international credit rating agency that has provided credit rating assessments for Ak Factoring from 2012 to 2019.

Scale indicators7 records

Expansion highlights5 records

Direct peers

• Deniz Faktoring A.Ş. Deniz Faktoring is the factoring subsidiary of DenizBank (now part of Emirates NBD), offering domestic receivables financing and collection services in Türkiye — direct regulatory and product comparable to Ak Faktoring.
• Halk Faktoring A.Ş. Halk Faktoring is the factoring subsidiary of Halkbank, one of Türkiye's largest state-linked banks, providing domestic (yurtiçi) factoring, receivables financing, and collection services to Turkish businesses — directly comparable in product scope, regulatory environment, and customer base to Ak Faktoring.
• Creditwest Faktoring A.Ş. Creditwest Faktoring is an independent Turkish factoring company offering domestic receivables financing, guarantee, and collection services to SMB and corporate clients — a non-bank-owned peer with similar product scope to Ak Faktoring.
• İş Faktoring A.Ş. İş Faktoring is the factoring subsidiary of İşbank, Türkiye's largest private bank, offering the same suite of yurtiçi faktoring, tahsilat, and nakit yönetimi services. A direct competitor for the same SMB credit-sale receivables market.
• Garanti Faktoring A.Ş. Garanti Faktoring is the receivables-financing arm of Garanti BBVA, offering domestic factoring, guarantee, and collection services across Türkiye. Same BDDK regulatory framework and same core yurtiçi faktoring product line as Ak Faktoring.
• Şeker Faktoring A.Ş. Şeker Faktoring is a Turkish factoring institution providing yurtiçi faktoring, guarantee, and collection services under BDDK oversight. Comparable domestic focus and customer profile to Ak Faktoring.
• QNB Finans Faktoring A.Ş. QNB Finans Faktoring is the receivables-financing subsidiary of QNB Finansbank (QNB Group), providing yurtiçi faktoring and related working-capital solutions to Turkish corporates. Operates in the same regulatory and competitive environment.
• Yapı Kredi Faktoring A.Ş. Yapı Kredi Faktoring provides invoice-based domestic factoring, guarantee, and collection services as part of Yapı Kredi Bank group. Comparable business model, customer segments, and Turkish regulatory regime as Ak Faktoring.

Others

• Birikim Varlık Yönetim A.Ş. Birikim Varlık Yönetim is a Turkish asset management and receivables-purchasing firm within the same Altınhas/Altınbaş Holding group as Ak Faktoring. Listed on Borsa İstanbul, it is a sister entity rather than a competitor, but operates in adjacent receivables-management services.

Emerging players

• Taulia (infor): Taulia is a supply-chain finance and dynamic discounting platform offering invoice-based working capital solutions globally. While technology-led rather than balance-sheet-led like Ak Faktoring, it competes for the same receivables-financing wallet of corporate buyers and sellers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/akfactoring-a.%C5%9F

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Akfactoring A.Ş