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STATUS Current
FUND Technology

Figopara is a Turkish fintech start-up founded in 2017, aiming to enable extended working capital for availability for businesses.

Figopara is developing fintech solutions around supply chain finance, (also known as supplier finance or reverse factoring) to optimize cash-flow by enabling businesses to lengthen their payment terms to their suppliers while providing the option for their large and SME suppliers to get paid early.

This results in a win-win situation for both buyer and supplier.  The buyer optimizes working capital; the supplier generates additional operating cash flow, and in doing so risk is reduced across the supply chain.

Series A Jun 2022
FOUNDING TEAM
  • Koray Gültekin Bahar
    Co-Founder & Chief Executive Officer
  • Arman Eker
    Co-Founder & Chief Technology Officer
FOUNDED
website

In mid-2022, the JIMCO Technology Fund participated in Figopara’s series A funding round.

Koray Gültekin Bahar

Co-Founder & Chief Executive Officer Figopara

Koray Gültekin Bahar, Co-Founder and CEO Figopara, began his entrepreneurial journey with his father, an energy systems entrepreneur while studying at Eastern Mediterranean University in projects related to mobile tech. and web tools.  At the end of January 2020 he focused on Figopara, a platform that helps companies manage their cash flow and working capital. Continuing to make angel investments to contribute to the Turkish entrepreneurship ecosystem at the same time.

Koray, an Endeavor Entrepreneur, also serves on the Endeavor Turkey board of directors.

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