F
Figopara
Developing financial technology applications in Turkey
About Figopara
Figopara, founded in 2016 by the team behind Foriba, is a financial technology company that addresses cash flow challenges for Small to Medium Enterprises (SMEs). Operating in the financial services market, Figopara provides a digital platform that facilitates the financial processes between buyers, suppliers, and financial institutions. The platform allows SMEs to convert their outstanding receivables into immediate cash, thus optimizing their cash flow and mitigating the maturity mismatch between collections and payments. Figopara's business model revolves around offering a seamless and quick digital solution for receivables financing. SMEs can upload their outstanding cheques or invoices to the platform, review offers from authorized financial institutions, and receive immediate cash without waiting for the due dates. This service is particularly beneficial for businesses looking to maintain liquidity and manage their working capital more efficiently. Figopara generates revenue by charging a fee for the financial transactions facilitated through its platform. The company serves a diverse range of SMEs across various industries, helping them to streamline their financial operations and focus on their core business activities.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2017
- Headquarters
- Istanbul, Türkiye
- Employees
- 85
- Open positions
- 3
- Dealroom signal
- 66.0/100
- Industry
- Fintech
- Sub-industry
- Financial Management Solutions
- Sector
- Fintech
- Business model
- SaaS
- Client focus
- b2b
- Investment activity
- 1 company, latest Jan 2024
- Capital deployed
- $2M
- Preferred round
- SEED
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SECONDARY✓Other financing | Dec 2023 | $5M | — | Koray Gultekin Bahar | — |
| EARLY VC✓Equity / VC | Jul 2023 | $1.3M | $51M | Maxis | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Figopara is 17K monthly website visits, down 19% over the last three months. Figopara's team grew 6.3% over the past year.
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed2 investors entered at this stage
Revo Capital
International Finance Corporation
Series A13 investors entered at this stage
Eczacıbasi Momentum
Finberg- LVLima Ventures
Kerim Sengir
L2G Ventures
ScaleX Ventures
Development and Investment Bank of Türkiye- AVAbdul Latif Jameel General Technology Ventures
Metis Ventures
Logo Software
Maxis Innovative Venture-Capital Fund
Sabancı Ventures
Maxis
Series B and later2 investors entered at this stage
Ahmet Bilgen
Koray Gultekin Bahar
Other known investors4 additional known investors
Burak Cendek
DeBa Ventures
Izzet Halyo.
Jameel Investment Management Company
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Figopara on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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