Figopara, which helps SMEs and businesses access fast, easy, and secure financing, has connected its customers with ING Leasing’s financial leasing services through a new partnership. Noting that the collaboration will allow SMEs to finance machinery and equipment investments with maturities of up to 60 months and favorable terms, Figopara Deputy General Manager for Sales Fatih Sönmez said: “This allows companies to grow their business rather than tying up their capital in machinery and fixed-asset purchases.”
Figopara, which makes it easier for SMEs to access financing through innovative financial technology solutions, continues to expand its range of services. Through its partnership with ING Leasing, Figopara is now also connecting its customers with financial leasing solutions. Under the collaboration, customers on the Figopara platform will be able to finance purchases of machinery, equipment, fixed assets, and various commercial assets through leasing, offered via ING Leasing’s financial leasing service. This will give SMEs the ability to manage their investment processes with longer-term, more flexible financing options.
The partnership targets investment-minded SMEs operating primarily in manufacturing, as well as in logistics and transportation, construction and heavy equipment, printing, packaging, and food and beverage.
Maturities of up to 60 months and up to 100% financing
Through the leasing solution, SMEs can benefit from maturities of up to 60 months and financing of up to 100 percent. SMEs will be able to take advantage of preferential interest rates offered by ING Leasing exclusively to Figopara customers, accessing financing without requiring additional collateral, while also benefiting from exemption from the Banking and Insurance Transactions Tax (BSMV) and the Resource Utilization Support Fund (KKDF) on their leasing payment plans.
Under the leasing arrangement, financing will be available for production machinery, construction equipment, commercial vehicles (trucks, buses, tractors, trailers, etc.), medical devices, and IT and office equipment.
Sönmez: “We’re providing stronger support for SMEs’ growth journey”
Emphasizing that the partnership is significant in expanding the range of solutions offered to SMEs through the Figopara platform, Figopara Deputy General Manager for Sales Fatih Sönmez commented on the collaboration, saying: “Leasing is once again gaining significant importance, particularly under the current economic conditions. Companies can finance their investments with maturities of up to 60 months and at favorable costs. At Figopara, we aim to support not only SMEs’ short-term financing needs, but also their long-term investment and growth processes. Through this partnership with ING Leasing, we’re strengthening our ecosystem by giving our customers access to long-term financing. Going forward, we will continue developing new solutions that make it easier for SMEs to do business.”
