Turkey
Figopara, founded in 2016, is a leading fintech company based in Turkey. The firm's core service is the Figopara Supplier Finance Solution, which facilitates early cash flow for companies by converting their invoices into liquidity before their due dates. This positions Figopara as a significant player in the Finance and Financial Services industries.
The company specializes in supply chain finance, a process also known as supplier finance or reverse factoring. This strategy optimizes cash flow for larger businesses by extending payment periods, while allowing suppliers—both large and small and medium-sized enterprises (SMEs)—to receive early payments. The result is a beneficial dynamic where buyers enhance their working capital while suppliers maintain robust cash flow, mitigating risk across the supply chain.
As of 01 December 2023, Figopara received a recent investment of $5.00M through a secondary market, signifying continued investor confidence and growth potential.
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