Figopara

Figopara is a Turkish fintech company based in Istanbul, founded in 2016.

It specializes in digitizing financial processes between businesses, buyers, suppliers, and banks, with a focus on enhancing cash flow and working capital, particularly for small and medium-sized enterprises (SMEs). The company offers a supply chain finance solution that allows buyers to extend payment terms while enabling suppliers to receive early payment on their receivables. Its services include invoice financing, cheque financing, supplier financing, and a credit-scoring product called FigoSkor. Figopara also provides spot credit, installment commercial credit, invoice tracking, and digital invoice processing through its platform, which facilitates collaboration among buyers, suppliers, and financial institutions. Figopara serves a diverse customer base, including commercial businesses and large companies across various sectors. The company has received backing from notable investors such as Eczacıbaşı, Sabancı, and the World Bank.