Hepsiburada announced on March 14, 2025, that it completed its fourth issuance of asset-backed securities (ABS) amounting to TRY 500 million. This issuance settled on March 12, 2025, and falls within the TRY 2 billion limit approved by the Capital Markets Board for Pasha Yatırım Bank Hepsiburada Varlık Finansmanı Fonu. Hepsiburada participated as the originating entity for its Buy Now Pay Later (BNPL) receivables.
The issuance consists of five tranches with an average maturity of 70 days and an annual average interest rate of 42.75%. The funds raised through this ABS issuance are intended to sustainably grow Hepsiburada's BNPL business and reduce its impact on working capital.
This follows previous ABS issuances of TRY 150 million on June 5, 2024, TRY 350 million on September 27, 2024, and TRY 450 million on December 4, 2024, demonstrating a consistent strategy to fund its fintech operations.
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