EchoPos brings acceleration and efficiency in Retail Sector

The new company “EchoPos” aims to become an effective solution partner in Retail Sector, offering accelerated and more efficient payment systems for retail companies.

​Aktif Bank, Turkey’s largest private capital investment bank offering tailor-made solutions thanks to its strong distribution channels, launches a joint venture with Robotpos, a leading company in payment systems and automation, through Borsa Istanbul Private Market.

Borsa Istanbul Private Market, aiming to bring technological start-ups together with investors, goes ahead with another new investment after a robust start in 2016.

A new investment has been realized on Borsa Istanbul Private Market, a web-based and membership based platform that brings together companies and investors to trade shares without going public.  Aktif Bank’s investment in Echo Pos is the 8th investment realized on Borsa Istanbul so far this year.

Echo Pos, jointly established by Aktif Bank and Robotpos in order to become the payment systems solution partner for the companies active in the retail sector, started to operate on Wednesday, August 17, 2016, with an opening-bell ceremony organized at Borsa Istanbul.

Echo Pos aims to be the solution partner for the organized retail sector and Small and Medium Sized Enterprises (SME), and will primarily offer front and back office payment systems and automation solutions in retail chain businesses.  In addition to payment systems, Echo Pos will offer its clients stock-taking, sales, order follow-up, and profitability monitoring processes in a much more practical, fast and efficient manner. Eco Pos employs Windows-based systems for organized retail chains, and Android-based systems for Small and Medium Enterprises, and companies will be able to provide services to their clients on tablets, as well. The system also allows users to follow up campaigns and the turnover.

Borsa Istanbul Private Market Director Recep Bildik gave a speech at the ceremony and said: “Borsa Istanbul, the most liquid and developed exchange of its region, established the Private Market in 2014. The Private Market is a web-based and membership based platform bringing entrepreneurs and investors together. The Private Market is more than a trading platform, offering entrepreneurs the mentorship and network they need, in addition to allowing investors to exit.

Currently, 45% of Private Market-member 221 entrepreneurs operate in the technology sector, and the number of Private Market members has already reached 357. Of our 108 investors, 65 are qualified angel investors, including individual participation investors and 32 are institutional investors based in Turkey and abroad.

So far, 11 investment deals have been finalized on the Private Market, raising nearly 10 million Dollars for the member companies”.

Aktif Bank's CEO Dr. Serdar Sumer stated in his speech that "We continue with our investments in line with the principle of serving various clients from various sectors by widening their distribution channels", and that they "produce a value added service for the retail sector and SMEs." Sumer went on to say, “The basis of our “new generation banking” approach that we adopt in all fields of activity is to generate solutions that will ensure the industry and clients to work more efficiently. We are working to offer solutions for an increased number of problems through alternative distribution channels rather than through opening new branches. While doing that, we focus on technology and innovation. Within this framework, Echo Pos has been launched as a system that will help especially SMEs and retail chain businesses to create a more efficient and profitable business model and improve customer satisfaction. I hope that this partnership will prove to be beneficial for our Bank, Robotpos and the entire industry and I would also like to thank Sistem Global Danismanlik A.S. for their advising us in management of this process.”

Robotpos CEO Burhan Yildiz said, “We produce added value solutions for the work processes of institutions and SMEs with the key words; Personalization, Simplification, and Adding Value.

We are very excited to be a part of Echo Pos project, which has an innovative and high added value business model aimed at making our retailers take the lead in the changing and developing market conditions. I do hope that our cooperation will be beneficial for our valued business partner Aktif Bank and the entire industry.”