Figopara

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 their customers (suppliers) to meet their financing needs in the short term by providing fast and secure customer information to the financial instutions for which their 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. This 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.