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.
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