References
What does Figopara do?
Figopara helps you turn your outstanding receivables into cash before their due dates and optimize your cash flows.
Figopara is a financial technology company that helps you get instant cash for your outstanding receivables.
Figopara aims to provide financing solutions to companies in Türkiye and the United Arab Emirates, and helps SMEs that use e-invoices or cheques across all sectors.
Business Partners
What awaits the people of Figo?
Speed up your cash flow in a few clicks with Figo.
28-35%
Average Interest Rates
20+
Number of Banks
90-120
Maximum Terms (Days)
10 min
Average Time to Payout*
*After becoming a member of Figopara
Why Figopara?
Fast, innovative, cutting edge
Contribution to cash flow optimization
Opportunity to access offers of different financial institutions in one place
A change to improve your accounts receivable collection effortlessly
Financial solutions for all industries
Special solutions for companies using e-invoice
How can we help you?
We find the best solution for you as you focus on your job.
Collect Your Receivables Via E-Invoice
We help you to get instant cash in return for your outstanding receivable e-invoices.
If you have recievables from any of our partner buyers, the process is even faster.
Collect Your Receivables Via Cheque
Regardless of who you get your cheque from, we help you cash out without having to leave your place.
Have a Question?
Let the Figo team answer.
Hande Dumrul
Kadınların Elinden Co-founder
“As a company in the startup ecosystem, I can easily say that Figopara has contributed greatly to our financial growth.”
İbrahim Açanal
Alyans Cam Co-founder
“With Figopara, we have accelerated our trade, so I advise my SME friends to use Figopara in every conversation.”
Mehmet Akbaş
Asitane Technology Founder
“We are converting our e-invoice receivables into cash at a favorable rate. We doubled our turnover while lowering our exchange rate risk.”
About Us
Learn more about us
FAQ
We are here to help
Why should I use Figopara for Figo Supply Chain Finance?
With Figopara, you can receive cash for your outstanding issued invoices immediately. At Figopara, you have the opportunity to get financing from different institutions at the same time, and you are supported at every step. To give a little more detail, Figo Supply Chain Finance brings together the buyer, supplier, and financial institution, which are the parties on the same platform. It provides the opportunity to perform processes such as notification/confirmation, invoice assignment, pricing, etc., much faster and through a single system; moreover, many financial institutions can send proposals for your invoices for which a discount request is created through Figopara, making the process easier to follow, and the Figopara team supports you at this time.
Who is Figopara? Who owns the company?
Koray Gültekin Bahar, the Fintech President of the Union of Chambers and Commodity Exchanges of Turkey (TOBB), and and his partners founded Figopara in 2016. Figopara's investors include institutions such as Eczacbaşı, Finberg, the World Bank, JIMCO, the Development Bank, L2G Ventures, Logo Yazılım, Maxis, ScaleX, Oyak Yatırım and TechOne. Click for more
What procedures must be completed prior to beginning use of Figopara?
The Platform Agreement must be signed and our users' explicit consent texts must be approved on our website. Integration of Figopara with your e-invoice integrator system shortens your business processes and helps you increase the maximum available amount that financial institutions we cooperate with will work for you.