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Koray Bahar

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Koray Bahar Endeavor Scaleup Summit İstanbul

Koray Bahar

Figopara, CEO

After graduating from the Computer Engineering Department at Eastern Mediterranean University, Koray Gültekin Bahar started his career as a Software Developer at FIT Solutions. In the meantime, he founded his first company, Dotto. He specialized in Microsoft platforms and mobile apps. After selling Dotto’s stocks in 2012, Bahar returned back to FIT Solutions as a Partner. While he was proceeding his career as Foriba’s General Manager and Partner in 2019, he managed the M&A process of Foriba, which was being acquired by one of the prominent tax technology companies, Sovos.

After the acquisition of Foriba, which is known as one of the most successful exits in recent times, he has worked as Vice President of EMEA Strategy and shaped Sovos’ Middle East and Asia strategy. At the end of January 2020, he left Sovos Foriba and focused on his own company that he established before, Figopara, which plays an intermediary role for businesses to manage their cash flow and working capital. Since February 2020, he also works as General Manager at Figopara, which he co-founded. Being an Endeavor entrepreneur and a board member at Endeavor Turkey, and identified as an entrepreneur and an investor, he contributed to the startup ecosystem with both his personal and different venture capitals. He also creates content about the tech and startup world at www.yollarda.tv

About Figopara 

Figopara 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 the customers (suppliers) to meet their financing needs in the short term by providing fast and secure customer information to the financial institutions for which Figopara’s customers would like to work or have an existing relationship. Supply chain finance that Figopara offers 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.