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FERRUM CAPITAL (Baku)

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  • Ferrum Capital QSC is the first independent factoring company in Azerbaijan. It was established in September 2017 as part of the AGA Group. The company provides financial services to businesses and individuals, including factoring, installment plans, mobile and agency-based solutions.

    History:

    Founded on September 19, 2017, with the goal of developing factoring and other financial services based on a FinTech model.

    Team: The highest governing body is the General Meeting of Shareholders. Gadir Javadov – Acting CEO / Chief Executive Officer. Jafar Damirchi – Owner of 68% of shares. Mohammad Habibzadeh – Holds 23%. AQA Group CJSC and Vesta Investment CJSC – Hold 4.5% each.


    1. Factoring is the company's core service, designed to finance the purchase of goods and services on an installment basis.
      Momento – a popular consumer factoring solution. Allows payment in parts (e.g. 3, 6, or 9 months). Financing decision is made within 5–15 minutes. Available at partner sales points (electronics, healthcare, automotive, education, etc.). No collateral or guarantor required.
      Business Factoring is for legal entities and entrepreneurs. Helps maintain working capital and accelerate payments to suppliers.

    2. FinTech Solutions
      Ferrum App – branded mobile application. View active contracts and payment schedules, receive payment reminders, and access integration with the partner network. Available on App Store and Google Play (rated ~4.9/5).
      Client Portal allows online tracking of debts and payments, and electronic signing of contracts.

    3. Partner Network
      Over 1000 partners across the country, including electronics (phones, laptops, etc.), medical centers, educational courses, car dealerships and service stations, furniture and home goods, and clothing and accessories stores.

    4. Online Services
      Pre-approval by ID number on the website. Quick processing directly at the point of purchase. Option to pay via electronic payment systems.

  • At the end of 2024, the company issued 1,000 bonds worth 1,000 AZN each, with a term of 24 months and a yield of 12.5%. The funds are allocated for expanding factoring activities.

  • The company participates in educational projects focused on financial literacy and youth support. It regularly takes part in job fairs and career events.

  •  September 9, 2023 — Ferrum Capital’s commission income increased by approximately 12% in the first half of the year, but net profit decreased by around 15% year-over-year.

  • https://www.ferrumcapital.az

    https://abc.az/en/news/162811/ferrum-capital-starts-issuing-1000-bonds-at-1000-manats-each

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