Figopara

Figopara, founded in 2016 by the team behind Foriba, is a financial technology company that addresses cash flow challenges for Small to Medium Enterprises (SMEs). Operating in the financial services market, Figopara provides a digital platform that facilitates the financial processes between buyers, suppliers, and financial institutions. The platform allows SMEs to convert their outstanding receivables into immediate cash, thus optimizing their cash flow and mitigating the maturity mismatch between collections and payments.

Figopara's business model revolves around offering a seamless and quick digital solution for receivables financing. SMEs can upload their outstanding cheques or invoices to the platform, review offers from authorized financial institutions, and receive immediate cash without waiting for the due dates. This service is particularly beneficial for businesses looking to maintain liquidity and manage their working capital more efficiently.

Figopara generates revenue by charging a fee for the financial transactions facilitated through its platform. The company serves a diverse range of SMEs across various industries, helping them to streamline their financial operations and focus on their core business activities.

Keywords: cash flow optimization, receivables financing, SMEs, digital platform, financial technology, liquidity management, cheque financing, invoice financing, working capital, financial institutions.