“Can Şişecam, a century-old industrial glass giant, modernise its treasury and supply-chain finance infrastructure — centralising cash globally via Kyriba and pioneering digital trade instruments — to unlock working capital efficiency at scale across 14 countries?”
Founded in 1935 as Turkey's first state-backed glass manufacturer, Şişecam grew over 90 years into one of the world's top glass and chemicals producers with operations in 14 countries. The 2020 corporate restructuring unified subsidiaries and relisted the group on Borsa Istanbul. Its embedded finance evolution has been treasury-first: adopting Kyriba to centralise cash and payments across fragmented international subsidiaries, and most recently pioneering digital trade finance instruments (Working Capital Notes under UK ETDA law) with ETR Digital Flownote technology and İşbank, signalling a shift toward digitised supply chain finance.
The Embedded Finance Index 2026 maps 2 layers in Şişecam's stack: Lending (Working Capital Note (WCN) — digital negotiable instrument and IFC debt financing — working capital and capex); Spend / AP (SAP Concur).
Şişecam is founded in 1935 and headquartered in Istanbul, Turkey.
Get a read on where your own stack stands against Şişecam and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.