What is Figopara?
Headquartered in Istanbul, Figopara operates at the intersection of computer software and financial services. The company provides a robust digital platform designed to streamline the supply chain finance process. By mediating between large corporate entities and their supplier networks, Figopara facilitates fast, low-cost financing solutions that mitigate cash flow volatility for SMEs. This model effectively digitizes traditional trade finance, positioning the firm as a critical infrastructure provider in the Turkish market and beyond.
How much funding has Figopara raised?
Figopara has raised a total of $11M across 1 funding round:
Series A
$11M
Series A (2022): $11M with participation from LG2 Ventures
Key Investors in Figopara
LG2 Ventures
A venture capital firm focused on identifying and scaling high-growth technology companies within the fintech and enterprise software sectors.
What's next for Figopara?
With this latest round of financing, Figopara is well-positioned to scale its technological infrastructure and expand its market penetration. The strategic focus will likely shift toward enhancing its proprietary algorithms for credit risk assessment and deepening integrations with enterprise resource planning systems. As the company matures, the emphasis will remain on optimizing the efficiency of supplier financing, potentially exploring cross-border trade finance capabilities to support the growing demand for digitized SME lending solutions in emerging markets.
See full Figopara company page
