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