# Figopara

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/figopara

- Industry: Financial Services
- Headquarters: Istanbul, Turkey
- Website: https://figopara.com/
- Total disclosed funding: $16M
- Latest round: Series A (Oct 13, 2022)
- Investors on record: 13

## About

Based in Istanbul, Turkey, and founded in 2016 by its CEO Koray Gültekin Bahar and CTO Arman Eker, Figo Commercial Information and Application Platform Inc. trading as Figopara operates as a fintech company that helps companies manage their cash flow and working capital.  In October 2022, Figo Commercial Information and Application Platform Inc. raised USD 11 million in series A funding led by L2G Ventures, with participation from Abdul Latif Jameel, General Technology Venture Capital, Logo Software Investment S.A., Maxis Group, Sabanci Ventures, ScaleX Ventures, and TechOne Venture Capital. As of October 2022, the company has a customer base of 4500 companies, 10,000 members, and processed over 60,000 invoices.

Figo Commercial Information and Application Platform Inc. have developed a financial technology application to support small and medium-sized businesses with supplier financing that enables the financing of trade between buyer companies and their suppliers. It enables the supplier to convert its receivables arising from the sale made on a previous date into cash before invoice maturity; easy financing to make all transactions digitally and convert invoices into cash on the same day. The company has integrated more than twenty banks and more than ten financial institutions to support its client.

## Funding rounds

- Series A, Oct 13, 2022, $11M — International Finance Corporation, Logo Software Investment S.A., OYAK, Finberg, ScaleX, TechOne Venture Capital, Jameel Investment Management Company, Sabanci Ventures, Eczacibasi Momentum, L2G Ventures, Turkey Development Fund, Maxis
- Series A, Dec 30, 2020, $4.6M — Finberg, Eczacibasi Momentum, Lima Ventures

## Investors

- Finberg (https://capitalatlas.ai/funds/finberg) — Series A
- Eczacibasi Momentum (https://capitalatlas.ai/funds/eczacibasi-momentum) — Series A
- Lima Ventures (https://capitalatlas.ai/funds/lima-ventures) — Series A
- International Finance Corporation — Series A
- Logo Software Investment S.A. — Series A
- OYAK — Series A
- ScaleX (https://capitalatlas.ai/funds/scalex) — Series A
- TechOne Venture Capital (https://capitalatlas.ai/funds/techone-venture-capital) — Series A
- Jameel Investment Management Company (https://capitalatlas.ai/funds/jameel-investment-management-company) — Series A
- Sabanci Ventures (https://capitalatlas.ai/funds/sabanci-ventures) — Series A
- L2G Ventures (https://capitalatlas.ai/funds/l2g-ventures) — Series A
- Turkey Development Fund (https://capitalatlas.ai/funds/turkey-development-fund) — Series A
- Maxis (https://capitalatlas.ai/funds/maxis) — Series A