Curated News
By: NewsRamp Editorial Staff
October 28, 2026
Done Expands to Türkiye, Names Filiz Ünal as CEO
TLDR
- Done's expansion into Türkiye with CEO Filiz Ünal gives SME importers an edge in a market where 41.8% face credit constraints.
- Done buys goods from manufacturers, stores them in partner warehouses, and releases them only after payment, using supplier due diligence and auditable records.
- Done Türkiye helps credit-constrained SMEs access trade finance, supporting economic growth and making tomorrow better for Turkish businesses.
- Done has completed over 4,000 transactions with no non-payments since 2011, and its model lets clients draw down inventory gradually.
Impact - Why it Matters
Türkiye's SME importers have long faced a credit gap that traditional banks have struggled to close, with 41.8% reporting credit constraints between 2023 and 2025. Done's entry introduces an alternative model that finances goods rather than lending against collateral, giving small distributors access to inventory they might otherwise be unable to afford. The move also signals growing investor confidence in Türkiye's non-bank financial infrastructure and could pressure conventional lenders to adapt. For the broader region, Done's expansion adds competition in trade finance at a time when the global trade finance gap remains at $2.5 trillion, and supply chain realignment is increasing demand for flexible financing. SMEs across Eastern Europe and the Black Sea region may benefit as Done continues to scale.
Summary
Switzerland-based Done, a group of companies providing logistics, supply chain management and financing solutions since 2011, has expanded into Türkiye, naming Filiz Ünal as CEO of Done Türkiye. The move makes Türkiye the group's fourth market alongside Switzerland, Poland and Ukraine, extending a footprint that already serves more than 400 SME distributors across Eastern Europe and the Black Sea region. The company is betting on a market where banks are not fully reaching import-driven SMEs: Türkiye imported about $365.4 billion of goods in 2025, and over 2023–2025, 41.8% of Turkish SMEs reported being partially or fully credit-constrained, compared with between 9.5% and 25.2% in the Western Balkan economies covered by the OECD's SME Policy Index: Western Balkans and Türkiye 2026.
Filiz Ünal brings more than 30 years of experience in Türkiye's factoring and financial services sector, including serving as Deputy Secretary General of the Association of Financial Institutions, as Secretary General of the Turkish Factoring Association, and as Executive Vice President at Garanti Factoring. At Done Türkiye, she developed the market-entry strategy and operating model and is responsible for partner relations and business development. "Despite having one of the region's most developed non-bank financial infrastructures, import-driven SME demand has outgrown what collateral-based lending can absorb. This is the setting Done was built for," said Dmitrii Rivkin, founder of Done, the group of companies. Rather than lending against inventory, Done Switzerland buys goods directly from manufacturers in Europe and Asia on agreed-upon payment terms, stores them in licensed and insured partner-operated warehouses, and releases them to the client only after payment is received. Clients can take a full shipment and pay on arrival, or draw down inventory gradually. Before placing an order, the company screens each supplier's legal standing, ownership and reputation through due-diligence platforms including AsiaVerify and World-Check from the London Stock Exchange Group, and keeps a time-stamped record of every item in storage that can serve as an independent, auditable trail should a dispute with a supplier reach a court.
With 15 years of operating experience in logistics, Done completed more than 4,000 transactions in 2025 with 1,808 supplier factories for 417 clients, with an average deal size of $50,000, and posted $315 million in annual turnover. The company says it has recorded no non-payments since it began operating. Done employed more than 250 people across its offices in 2025. Türkiye is the latest addition to a group that already operates in Switzerland, Poland, and Ukraine; the company says it is scoping three further market entries over the next year as it builds out its presence across Eastern Europe and the Black Sea region. Globally, the Asian Development Bank estimates the trade finance gap at $2.5 trillion in 2025, unchanged from 2023 and equivalent to about 10% of global trade, with 80% of banks surveyed expecting demand to keep rising as companies diversify supply chains.
Source Statement
This curated news summary relied on content distributed by 24-7 Press Release. Read the original source here, Done Expands to Türkiye, Names Filiz Ünal as CEO
