Latest news and developments about Fundero
ALJ Finance joined forces with Akbank+ venture Fundero. Within the scope of cooperation, innovative solutions will be offered to the financing needs of sellers operating on e-commerce platforms through Fundero, which adopts the e-commerce seller financing model in Turkey. With its digital infrastructure and data-driven approach, Fundero analyzes the sales performance of e-commerce sellers and enables them to quickly and easily access the financing support they need. This model, combined with ALJ Finance's sectoral expertise and customer-focused approach, allows sellers to grow their businesses, regulate their cash flows and gain a competitive edge. ALJ Finance General Manager Volkan Döşoğlu said in his statement about the cooperation: 'This cooperation we have carried out with Fundero is a concrete step of our vision to support the rising power of e-commerce. Contributing to Turkey's digital economy and financially empowering entrepreneurs is one of our priorities.'
Read MoreAkbank has added new investments to its corporate entrepreneurship program Akbank+. The bank invested $200,000 in Voltla, which improves the electric vehicle user experience, and $400,000 in Fundero, which offers financial solutions to e-commerce companies. With this step, Akbank once again demonstrated its commitment to entrepreneurship and innovation.
Read MoreAkbank invested $200,000 in Voltla, which provides electric vehicle user experience, and $400,000 in Fundero, which offers financial solutions for e-commerce companies. Fundero, which received its first investment under Akbank+, offers fast, flexible and easy financing solutions for e-commerce companies. The startup, founded by Uğur Emre Baykal, Tarık Hayat and Mehmet Bora Aydın, calculates the financing needs of companies based on their monthly recurring revenue and deposits the loan within 48 hours. The loans, which do not require a bank credit score or collateral, have payment options of up to 12 months.
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