About Figopara

About Figopara

Figo Commercial Information and Application Platform Inc. was established to develop financial technology applications in Turkey. Figopara Supplier Financing Solution, one of the technology products that makes it easier for customers to meet their financing needs in the short term, is offered to our customers by providing fast and secure information to the financial companies that the customer has relationships with and wants to reach, via e-invoice or printed invoice information. Figo Trade Information and Application Platform Inc. was established to develop financial technology applications in Turkey. With the help of e-invoice or printed invoice information, Figopara Supplier Finance Solution makes it easier for our customers (suppliers) to meet their financing needs in the short term by providing fast and secure customer information to the financial institutions for which our customers would like to work or have an existing relationship. Supply chain finance, also known as supplier finance or reverse factoring, is a set of solutions that optimizes cash flow by allowing businesses to lengthen their payment terms to their suppliers while providing the option for their large and SME suppliers to get paid early. These results in a win-win situation for the buyer and supplier. The buyer optimizes working capital, and the supplier generates additional operating cash flow, thus minimizing risk across the supply chain.