Questions About Fon Radar

Fon Radar is an effective and a highly fast web platform that connects small and medium-sized enterprises (SMEs) with financial instutitions with the purpose of facilitating the financial needs of the SMEs. SMEs can easily and promptly convert their long-term receivables into cash, and manage their working capital needs by meeting with several competitive financial institutions’ quotations through Fon Radar’s digital platform.

Fon Radar has successfully managed to complete the Incubation Programme (CEKIRDEK) of ITU (Istanbul Technical University) by achieving the outstanding performance of being within the first 20 start-ups out of 10.000 in the Big Bang Organization held in 2019. Following this success, Fon Radar has obtained several grants from Yapi Kredi Teknoloji and EFSE (European Fund for Southeast Europe). Fon Radar has also been granted funds by Albaraka Startup Acceleration Center Programme.

Fon Radar is definitely not a financial instutition, agent or an intermediary that directly or indirectly releases funds.

As a first step, SMEs upload the full list of future receivables, invoices that requires to be converted into cash. SMEs then select the appropriate factoring companies and/or banks from the registered listing on Fon Radar for their quotations. The selected financial institutions submit their offers to SMEs. SMEs then approve the most appropriate and competitive offer on the platform. Finally, as SMEs are now entitled to collect cash for its receivables, withdraw the funds from the closest branch.

Fon Radar is perfectly suitable for all small, medium or large enterprises that are registered within the Fon Radar system, and have a portfolio of post-dated checks for their already billed invoices.

Fon Radar solely operates with the financial institutions that are subject to and under the supervision of Banking Regulation and Supervision Agency (BDDK). Fon Radar governs the rights of its customers witin the legal framework set forth by the Personal Data Protection Authority (KVKK). Fon Radar operates its transactions through its domain servers based in Turkey with the 256 bits SSL encryption protocol.

Questions About Fon Radar

Fon Radar is an effective and a highly fast web platform that connects small and medium-sized enterprises (SMEs) with financial instutitions with the purpose of facilitating the financial needs of the SMEs. SMEs can easily and promptly convert their long-term receivables into cash, and manage their working capital needs by meeting with several competitive financial institutions’ quotations through Fon Radar’s digital platform.

Fon Radar has successfully managed to complete the Incubation Programme (CEKIRDEK) of ITU (Istanbul Technical University) by achieving the outstanding performance of being within the first 20 start-ups out of 10.000 in the Big Bang Organization held in 2019. Following this success, Fon Radar has obtained several grants from Yapi Kredi Teknoloji and EFSE (European Fund for Southeast Europe). Fon Radar has also been granted funds by Albaraka Startup Acceleration Center Programme.

Fon Radar is definitely not a financial instutition, agent or an intermediary that directly or indirectly releases funds.

As a first step, SMEs upload the full list of future receivables, invoices that requires to be converted into cash. SMEs then select the appropriate factoring companies and/or banks from the registered listing on Fon Radar for their quotations. The selected financial institutions submit their offers to SMEs. SMEs then approve the most appropriate and competitive offer on the platform. Finally, as SMEs are now entitled to collect cash for its receivables, withdraw the funds from the closest branch.

Fon Radar is perfectly suitable for all small, medium or large enterprises that are registered within the Fon Radar system, and have a portfolio of post-dated checks for their already billed invoices.

Fon Radar solely operates with the financial institutions that are subject to and under the supervision of Banking Regulation and Supervision Agency (BDDK). Fon Radar governs the rights of its customers witin the legal framework set forth by the Personal Data Protection Authority (KVKK). Fon Radar operates its transactions through its domain servers based in Turkey with the 256 bits SSL encryption protocol.

Contact Us

Fon Radar Bilişim Teknolojileri San. ve Tic. Ltd. Şti.
  

Contact Form