Buyers and Suppliers
Meet at Figopara
Hundreds of businesses use Figopara to organize payment terms and speed up their suppliers’ access to cash.
We bring buyers, suppliers and financial institutions together on a single platform enabling them to manage financial processes much faster.
140
Buyers
7500
Suppliers
150.000
Invoices
10 Billion+ TL
Transaction Volume
What is Figopara Supplier Financing?
It is a financing support that allows suppliers to convert their invoiced receivables into cash whenever needed.
Liquidity Management
As Figopara, we enable supplier companies to manage their liquidity and work with any financier they want.
Affordable Financing
Suppliers who benefit from the creditworthiness of the buyer can access financing at more affordable costs, while buyers can adjust their payment terms.
Turkey's Leading Companies Are on Figopara!
With Figopara Supply Chain Finance, you can easily collect your receivables from companies you regularly invoice without waiting for the due date.
Why Figopara?
Join thousands of commercial businesses that accelerate their cash flow with Figopara!
Single platform
Online, fast and easy transactions
24+ banks and financial institutions
Fast access to cash
Competitive discount rates
Unsecured financing
Advantages of Figopara Supply Chain Finance
Establishes a sustainable relationship with suppliers.
Manages payment terms.
Reduces working capital needs and improves liquidity ratios.
Provides integration with all banks from a single platform instead of integrating with banks individually.
Eliminates operational costs.
Simplifies invoice uploading to the system with the SAP package.
Does not require extra collateral.
Does not consume their own credit limits.
Eliminates working capital deficit as it does not create cash loan risk on the balance sheet.
Can view discount offers from different financial institutions simultaneously.
Can discount e-Invoices through partner banks with buyer guarantee.
Can easily access the Figopara system 24/7 and get the support they need.
Figopara Supply Chain Finance SAP Package
With the Figopara SAP package for buyers using SAP, buyer companies can manage all supply chain finance transactions solely through the Figopara module within SAP, without needing any other screen.
Our Partner Financial Institutions
Get discount offers from financial institutions integrated into our system, choose the most suitable one and convert your invoiced receivables into cash.
How Does Figopara Supply Chain Finance Work?
Buyer Company;
Transfers the approved invoices of suppliers who are members of the system to Figopara.
Supplier;
Creates a discount request for invoices uploaded by the buyer company and receives offers from partner banks.
Bank
Deposits the money into the supplier's account upon the accepted offer.
Buyer Company;
Makes the payment by depositing the invoice amount into the bank account when the due date arrives.
Grow Your Working Capital
Listen to our alternative financing solutions to optimize your company's cash flow!
Increase Your Financial Power with Dynamic Discounting
Dynamic discounting is a flexible financing method developed for companies experiencing liquidity problems. At Figopara, we eliminate the intermediation of financial institutions by enabling direct agreements between suppliers and buyers. This way, suppliers accelerate cash flow with early collection, while buyers optimize payment timing for financial advantage.
Early Payment Option
Companies with strong cash positions benefit from attractive discounts by advancing their term payments.
Financial Flexibility
Suppliers meet their short-term financing needs without financial costs.
Direct and Reliable
A direct and secure fund flow is provided without the need for intermediary institutions such as financial institutions.
Strengthen Your Trade
We accelerate your business processes by turning dynamic discounting into a tool that makes a difference in your trade. Use dynamic discounting now to increase your earnings with early payment!
Create a Meeting Request
Whether you are a buyer looking to extend payment terms or a seller looking to improve cash flow, grow your working capital with Figopara Supply Chain Finance.
1. Data Controller
In accordance with the Law No. 6698 on the Protection of Personal Data (KVKK), your personal data is processed by Figo Ticari Bilgi ve Uygulama Platformu A.Ş. (Figo or the Company), operating at Levent Mah. Meltem Sk. İş Bankası Kuleleri No: 10 İç Kapı No: 27 Beşiktaş / İstanbul, as data controller, within the scope explained below.
The terms used in this notice;
Explicit Consent: Consent given on a specific matter, based on being informed and free will, clearly and limited only to that transaction,
Data Subject: The natural person whose personal data is processed,
Personal Data: Any information relating to an identified or identifiable natural person,
Processing of Personal Data: Any operation performed on data such as obtaining, recording, storing, retaining, modifying, reorganizing, disclosing, transferring, acquiring, making available, classifying or preventing the use of personal data, whether wholly or partly by automatic means or by non-automatic means provided that they form part of any data recording system,
Data Controller: The natural or legal person who determines the purposes and means of processing personal data and is responsible for the establishment and management of the data recording system.
Personal data refers to any information relating to an identified or identifiable natural person. Therefore, the provisions regarding personal data in this notice shall apply where the relevant information belongs to a natural person.
Your personal data is processed in accordance with the following fundamental principles as regulated in the KVKK:
- Compliance with the law and the rule of good faith,
- Being accurate and up-to-date where necessary,
- Processing for specific, clear and legitimate purposes,
- Being relevant, limited and proportionate to the purposes for which they are processed,
- Being retained for the period stipulated in the relevant legislation or necessary for the purpose for which they are processed.
This Potential Customer Information Notice has been prepared to inform you about the following:
- To specify what types of personal data the Company collects,
- To specify how these personal data are used,
- To explain with whom the Company may share your personal data,
- To explain what your rights are over your personal data processed by the Company and how you can exercise these rights, and
- To explain the means of communication with us regarding all your requests.
2. Types of Processed Data and Data Categories
| Data Subject | Data Categories | Data Types |
| Potential Customer, Potential Customer Employee/Representative/Shareholder | Identity | Name-surname, National ID No, Date of Birth, ID card serial no, nationality, gender, other (information on old identity documents if applicable) |
| Employment | Company information, title | |
| Contact | Email address, phone number | |
| Financial | IBAN, Account No, financial report/statement | |
| Customer Transaction | Person's title-department, contacting person's message/requests, rejection records regarding commercial electronic messages, information/outcome of ongoing transactions on the Platform | |
| Marketing | Cookie records, records regarding commercial electronic message sending |
3. Methods of Collecting Personal Data
Figo obtains personal data from data learned through audio, electronic or written means via internet, application, physical forms, email, mail, fax and other communication channels, in compliance with the personal data processing conditions specified in the KVKK, and processes them in accordance with the purposes specified below.
4. Purposes and Legal Grounds for Processing Personal Data
During the process of conducting meetings with you who contact Figo or whom we contact through various channels, your personal data is processed for the following purposes and legal grounds:
| Data Categories | Processing Purposes | Legal Grounds |
| Identity Contact Customer Transaction |
|
|
We obtain your explicit consent to transfer any of your personal data abroad.
5. Transfer of Personal Data
Our Company takes care to process your personal data in accordance with the principles of "need to know" and "need to use", by ensuring the necessary data minimization and taking the necessary technical and administrative security measures. Since the execution or audit of business activities, ensuring business continuity, and operating digital infrastructures necessitate continuous data flow with different stakeholders, we have to transfer the personal data we process to third parties for certain purposes. In addition, it is very important that your personal data is accurate and up-to-date in order for us to fully and properly fulfill our contractual and legal obligations. For this purpose, we also need to work with various business partners and service providers.
Your personal data may be shared with domestic business partners for the purpose of conducting communication activities, goods/service sales processes, marketing activities, with our service providers that provide our IT infrastructure, with our solution partners in the field of communication and electronic communication, with the Ministry of Commerce and the company it authorizes in the context of message management system (İYS) registration for managing messages, with the authorized commercial message infrastructure provider for message delivery, with our relevant business partners, consultants and service providers for financial process management, risk identification, assessment, and fraud prevention, with relevant lawyers, auditors and experts within the scope of fulfilling legal obligations, and with authorized bodies such as regulatory and supervisory institutions and courts and enforcement offices.
Your personal data may be shared with suppliers providing server services abroad based on your explicit consent for the purposes of conducting/auditing business activities, conducting business continuity activities, conducting goods/service sales processes, conducting goods/service production and operation processes, conducting product/service marketing processes, and conducting storage and archiving activities.
6. Rights of the Data Subject
Within the scope of the legislation on the protection of personal data
- Learning whether your personal data is processed,
- Requesting information about the processing if your personal data has been processed,
- Learning the purpose of processing your personal data and whether they are used in accordance with their purpose,
- Knowing the third parties to whom your personal data is transferred domestically or abroad,
- Requesting the correction of your personal data if it has been processed incompletely or incorrectly or if it has changed,
- Requesting the deletion or destruction of your personal data in accordance with the conditions stipulated in the Law,
- Requesting notification to third parties to whom your personal data has been transferred that your incompletely or incorrectly processed personal data has been corrected and your personal data has been deleted or destroyed,
- Objecting to the occurrence of a result against you through the analysis of data processed exclusively by automated systems,
- You have the right to claim compensation for any damage you have suffered due to the unlawful processing of your personal data.
As Data Subjects, in order to specify your requests regarding your rights and to exercise your rights over your personal data; you can perform the necessary changes, updates and/or deletions and related requests by contacting the Company's official email address kisiselverilerikorumakomitesi@figotr.com or the Company's address at Levent Mah. Meltem Sk. İş Bankası Kuleleri No: 10 İç Kapı No: 27 Beşiktaş / İstanbul in a manner that meets the minimum application requirements set forth in the Communiqué on the Procedures and Principles of Application to the Data Controller.
In your application which contains your explanations regarding the right you wish to exercise; the requested matter must be clear and understandable, the requested subject must be related to your person, or if you are acting on behalf of someone else, you must be specifically authorized and your authorization must be documented, and the application must meet the minimum application requirements set forth in the Communiqué on the Procedures and Principles of Application to the Data Controller.
In case you convey your requests to us through the specified methods, Figo will conclude the request free of charge as soon as possible and within thirty days at the latest, depending on the nature of your request. However, if the transaction requires an additional cost, the fee determined by the Personal Data Protection Board will be charged by Figo.
5. POTENTIAL CUSTOMER EXPLICIT CONSENT NOTICE
I consent to the transfer of my personal data provided to Figo abroad, based on the legal grounds and purposes stated in the Figo Ticari Bilgi ve Uygulama Platformu A.Ş. Potential Customer Information Notice, by Figo.
Hear It from Our Customers
During the period when banks hit the brakes, we truly saw Figopara by our side. Compared to last year, our turnover has increased by 50-60%, and Figopara's contribution to this is significant.
Hüseyin Rüştü Kobal , Gar Leather and Textile
We met Figopara in 2020. We started working with TFS transactions, which brought forward our collection dates and allowed us to bring and sell products faster.
Cüneyt Karap , Sanal İletişim
We met Figopara right during the pandemic when we were experiencing a financial crisis. It provided a solution to our urgent needs. We use Figopara for our urgent financial needs.
Damla Ocak , Ocak Tarım
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Frequently Asked Questions
Supplier Financing allows you to receive early payment for invoices issued to contracted buyer companies on the Figopara platform, using their credit limits instead of your own.
In Supplier Financing, the buyer company's credit limit is used, and they typically receive extended payment terms. This allows you to get paid early without affecting your own credit capacity.
You can use Supplier Financing for invoices issued to buyer companies that are contracted with Figopara. Check our contracted institutions page for the full list.
Costs are typically shared between the supplier and buyer according to their agreement. The discount rate and terms are transparently displayed when you request early payment.
After issuing an e-invoice to a contracted buyer, upload it to the Figopara platform and request early payment. The buyer must approve your request before funds are released.
The buyer company reviews and approves your invoice. Once approved, the financial institution disburses funds, typically within 1-2 business days.
Yes, Figopara offers SAP integration for large buyer companies, allowing seamless management of supplier financing directly within your ERP system.
Dynamic Discounting allows suppliers to offer early payment discounts that vary based on how early they receive payment, creating flexibility for both parties.
There is no specific limit, but total financing is subject to the buyer company's credit limit and your business relationship with them.
Once funds are transferred to your account, the transaction is complete from your side. The buyer company handles repayment to the financial institution according to their agreement.