60–70%
Open account
of B2B trade in Türkiye runs on open account — invoices, not cash, change hands.
Multilateral netting for SME trade credit
Close trade debts without spending cash.
netles.me turns the web of B2B receivables into closed loops that clear debts without a single lira moving. Official invoices, e-signed. No cash custody.
- e-invoice verified
- e-signature secured
- up to 99% cheaper than factoring
Built in Türkiye · For emerging markets
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The problem
Cash is locked inside the debt web.
Turkish SMEs run on open account. One delayed payment freezes the next, and the cost of unlocking cash is brutal.
10–25%
Cost of cash
of the receivable is lost to factoring and early-payment financing — SMEs pay a fortune to access their own money.
60–120
Days of wait
one delayed payment freezes an entire supply chain: A waits on B, B waits on C.
Every lira is owed by someone who is owed by someone else. The money exists; it is just stuck in loops.
The solution
Netting: debts that cancel each other out.
A owes B. B owes C. C owes A. The loop can be cleared at the smallest edge — no cash, no new credit, no balance sheet.
01
Register
Firms upload e-invoice-based open-account debts; debtors confirm by e-signature.
02
Match
The engine finds closed loops across the network: A owes B, B owes C, C owes A.
03
Net
One multilateral instruction clears the loop. Partial amounts are supported under TBK 192.
Remaining: A→B ₺60K · B→C ₺20K — fully traceable.
Why netles
Fintech speed. No banking licence.
The model is designed to sit outside cash custody — and to get denser as the network grows.
No cash custody
We never touch funds: no e-money, no payment services, no BDDK licence.
Legal by design
Assignment of receivables and multilateral set-off under TBK Art. 183–192.
Fixed, knowable fees
₺10 per record, ₺50–750 per loop. No commission on debt.
Density first
Start in one trade cluster where everyone already owes everyone else.
98–99%
lower cost than factoring. Clearing ₺100K of debt costs an SME ~₺160 — versus ₺10,000–25,000 in factoring.
See the numbersInvestor deck · 2026
The full story, slide by slide.
15 slides on the problem, the netting model, the market, the regulatory design, and the ask.
Investor deck · Confidential — shared for discussion only.
Open PDF in a new tab →
Let’s talk
Let’s make trade debt net.
If you are an SME, an accountant, or an investor who wants to help build the clearing layer for trade credit — we should talk.
Based in Türkiye · Building for emerging markets.