# Figopara: Financial services, Ataşehir, Türkiye

> Figopara: Figopara is a Turkish fintech company based in Istanbul, founded in 2016. Based in Ataşehir, Türkiye. Founded 2016.

Source: https://millionrounds.com/startup/figopara (Millionrounds; every figure on the page links to its filing or article)

Türkiye · [Financial services startup](https://millionrounds.com/companies)

# Figopara

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

Email

Funding reported Last round: Series A

Financial services Ataşehir, Türkiye

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Company summary

- **Founded:** 2016 10 years old
- **Team:** 86 51 to 200 people
- **Funding reported:** 17.3M as listed, currency not stated
- **Last round:** Series A Oct 2022

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Figopara has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About 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.

## What company datasets say Figopara raised

Funding, as reported

Reported in all **17.3M** in the source's currency

Rounds **4**

Last round **Series A**

Last round size **1.3M**

Last round date **Oct 2022**

Investors listed **21**

## On 5 portfolio pages

Investors who name them

- [ComposeVC](https://millionrounds.com/fund/composevc)
- [TechOne Ventures](https://millionrounds.com/fund/techone-venture-capital)
- [Otwo Ventures](https://millionrounds.com/fund/otwo-ventures)
- [DeBa Ventures](https://millionrounds.com/fund/deba-ventures)
- [Lima Ventures](https://millionrounds.com/fund/lima-ventures)

Each firm lists Figopara on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

electronic invoicing erp integration trade receivables financing invoice factoring digital banking solutions short-term financing automatic cash conversion reserve real-time data financial management tools distribution kobi financing online finance factors and forfaiting digital credit platform invoice processing

Built with from their website

Soap Media CloudFlare T-SQL.NET Apple Business Manager AI CloudFlare CDN Twilio SendGrid Email Marketing Campaigns Microsoft Exchange Langchain

+8 more

Kibana Microsoft 365 Apps & Services SQL WCF n8n LangGraph RabbitMQ REST

- **Sector:** Financial services
- **Industry code:** NAICS 52232, 522390, 541512, SIC 7389, 6159, 7371
- **Region:** Istanbul
- **Revenue:** 1M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/figopara)

## Financial services in Türkiye

Startups like it

- [**Sipay** Uskuedar · founded 2018 *Raised*](https://millionrounds.com/company/sipay)
- [**getirfinans** Istanbul](https://millionrounds.com/startup/getirfinans)
- [**PayTR** Izmir · founded 2009](https://millionrounds.com/startup/paytr)
- [**Kiralabunu** founded 2020](https://millionrounds.com/startup/kiralabunu)
- [**Qapel** Istanbul · founded 2012](https://millionrounds.com/startup/qapel)
- [**Metatime** Istanbul · founded 2019](https://millionrounds.com/startup/metatime)
- [**AGRA Fintech** Beykoz · founded 2020](https://millionrounds.com/startup/agra-fintech)
- [**Kalfa** Istanbul · founded 2021](https://millionrounds.com/startup/kalfa)

## Is this your company?

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