Get to know us better.

We are a financial technology company that digitizes financial processes between businesses and banks.

Who Are We?

Founded in 2016 to help commercial companies instantly convert their current receivables into cash, Figopara, whose investors include leading holdings in Türkiye such as Eczacıbaşı and Sabancı, also financial institutions such as İş Bankası, Dünya Bankası, and Fibabanka, is a financial technology company that mediates financial processes between buyers, suppliers, and banks in a faster and easier manner.

Our Mission

Through technology and innovation, we aim to solve the cash flow problems due to the maturity mismatch between commercial enterprises' collection and payment terms. Thus, we ensure that trade grows in Turkey and that all commercial enterprises, regardless of their size, have access to the financing they need to achieve their goals.

Our Vision

To become a finance application where commercial enterprises can view all cash flow movements and current financial data with forward-looking forecasts by completing our open banking, payment, and factoring licenses.

442%

Annual Revenue Growth ($)

$23.7M

Total Funding

$650M

Funding Volume

Our Co-founders

Koray Gültekin Bahar

Chief Executive Officer

Koray Gültekin Bahar, who graduated from the Eastern Mediterranean University Computer Engineering Department, started working as a software developer at FIT Solutions and founded Dotto there. After working on Microsoft platforms and mobile applications, he became a partner at FIT Solutions in 2013. While working as the General Manager and Partner of Foriba, he managed the process of its sale to Sovos in 2019. After selling Foriba, he served as EMEA Strategy Vice President at Sovos. He left Sovos at the beginning of 2020 to focus on Figopara and continues his role as the general manager.

Arman Eker

Chief Technology Officer

Eker, who graduated from Eastern Mediterranean University Computer Engineering, started working as an SAP Process Integration Technology Consultant at FIT Solutions and developed many integration projects by receiving an SAP Process Integration certificate. He became Product Manager at Dotto Bilişim in 2012 and stepped into his entrepreneurial career as a founding partner at TIMETE Bilişim in 2013. He worked as a general manager at Trendbox Cloud Computing in 2014. Since 2016, he has been developing new technologies as a founding partner and CTO at Figopara and producing content about entrepreneurship and technology on www.yollarda.tv.

Figopara milestones

We have been working to facilitate access to financing for businesses since 2016.

Figopara founded.
$1M seed investment received.
2016
Closed $4.6M pre-series A funding round.
FigoScore™ integrated with e-invoice service providers.
2020
AI-supported risk assessment program FigoScore™ was launched.
2021
The $11M Series A funding round is completed.
2022
Integration with 25+ banks has been completed.
Accessed to 10.000 SMEs.
2023
Tekcep and Tekpos were acquired from İş Bankası.
2024