Figopara

ABOUT

Company Information

Figopara specializes in Supply Chain Financing and SME Lending, leveraging cutting-edge fintech solutions to support businesses in Turkey and UAE.

Driven by a mission to revolutionize the financial sector, Figopara focuses on innovation, reliability, and value-driven services, ensuring that SMEs have access to swift, seamless, and secure financial solutions.

Figopara is actively seeking partnerships with decision-makers in the UK's finance, retail, e-commerce, and manufacturing sectors, including CFOs, Finance Directors, Supply Chain Heads, and Procurement Managers.

Strengths

Innovative SCF Platform: Our state-of-the-art Supply Chain Financing (SCF) platform stands out for its intuitive design, high-speed processing, and end-to-end digital features. By leveraging our SCF solution, counterparties experience faster invoice approvals, smoother payment processes, and enhanced supplier relationships, all while optimizing their working capital and strengthening their supply chain resilience.
Multi-source Connection: Figopara's unique multi-source connection capability bridges a variety of financial sources. This integrated approach ensures a comprehensive and seamless financing experience, addressing and covering the system gaps that traditional financing methods may leave exposed. Counterparties gain access to a wider range of financing solutions tailored to their needs, ensuring liquidity and reducing the dependency on a single financial source. This flexibility empowers businesses to adapt and thrive, even in challenging market conditions.
Reputation and Backing: We take pride in being invested by reputed institutions, including the likes of IFC (World Bank), Endeavor Catalyst, and Eczacıbaşı Ventures. Their backing is a testament to our potential, reliability, and commitment to financial innovation.

Solutions

For Financial Institutions:
- Pain Points Addressed:
  - Wasted time and effort due to unqualified leads.
  - Challenge of gaining multiple customers in a short time frame.
- Figopara's Solutions:
  - Provision of pre-scored leads through our unique FigoScore system.
  - Gateway to thousands of active suppliers via our buyer connections.
  - Opportunity to lend to SMEs with enhanced credit scores.
- Benefits to Counterparties:
  - Effective pre-scoring system.
  - Streamlined access to high-quality leads.
  - Significantly lower NPL risk.
  - Efficient orchestration and time management.
For Buyers:
- Pain Points Addressed:
  - Need to integrate with every individual financial institution.
  - Challenges with urgent cash requirements.
  - Rigidity of enforced payment due dates.
  - Missed financial benefits without a dynamic discounting model.
- Figopara's Solutions:
  - Instant cash access through our SCF platform.
  - Enhanced flexibility with extended payment terms.
  - Comprehensive cash flow management with the dynamic discounting model.
- Benefits to Counterparties:
  - Unified platform connecting multiple financial institutions.
  - Advanced dynamic discounting algorithm.
  - Seamless ERP-integrated processes.
  - Ensuring supply chain sustainability.Options for extending invoice due dates.
  - Lucrative rebate opportunities.
For SMEs/Suppliers:
- Pain Points Addressed:
  - Demand for early cash before invoice maturity.
  - Necessity for collateral when seeking additional bank limits.
  - Incurring extra costs and time when applying for new financial platforms.
- Figopara's Solutions:
  - Immediate cash access via our platform.
  - Provision of instant cash without necessitating collateral.
  - A singular platform to manage all buyer interactions, financial institutions, and outstanding loans.
- Benefits to Counterparties:
  - Systematized cash flow solutions.
  - Enhanced cash flow management.
  - More competitive financing rates.
  - Opportunity for collateral-free funding.

References

NBD
CCI
Nestle
Ford
Elle
Carrefour
Daikin