Figopara is a financial technology platform that enables businesses to convert their e-invoices into cash before their due dates by connecting them with multiple financial institutions for competitive discount offers. This solution addresses cash flow challenges for companies by providing quick access to working capital without the need for collateral.
Funding
$16.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many businesses face challenges in managing their cash flow due to the time lag between issuing e-invoices and receiving payments. This delay can restrict access to working capital and hinder business growth, especially for small and medium-sized enterprises (SMEs).
Solution
Figopara is a financial technology platform that accelerates access to working capital by enabling businesses to convert their e-invoices into immediate cash. The platform connects businesses with multiple financial institutions, fostering competitive discounting offers on invoices. Figopara digitizes financial processes between commercial enterprises and banks, offering a streamlined solution for businesses to secure financing without needing collateral. Through integration with major banks and ERP solutions like SAP, Figopara facilitates real-time financial data analysis and optimizes credit assessment using AI-driven scoring.
Target Audience
Figopara primarily serves SMEs and larger commercial enterprises seeking to improve their cash flow, as well as suppliers looking to receive early payments on their invoices.
Features
- Online platform providing access to multiple financing options for e-invoices
- Integration with over 20 financial institutions for competitive discount offers
- AI-powered FigoScore for real-time financial analysis and credit assessment
- ERP integration, including SAP, for managing supplier financing directly within existing systems
- Mobile applications for both iOS and Android, enabling users to manage transactions on the go
- Teminatız finansman
- Hızlı başvuru
- Uygun maliyetler
- Anında nakit