Selected 2015

Foriba

  • Local Office Turkey
  • Lead Investor IFC Venture Capital
  • Industry Enterprise Software & Services
  • Investment Date January 2018

Entrepreneurs

Description

Foriba – formerly known as FIT Solutions – is an enterprise solutions provider in Turkey. Founded in 1999, Foriba moves invoice and ledger procedures from paper to digital, allowing companies to manage their B2B transactions online, including e-Invoice, e-Ledger, e-Signature, e-Reconciliation, e-Audit, VAT return and IFRS. Its platform enhances business productivity by increasing labor efficiency, decreasing transportation costs, and facilitating time management. Foriba currently serves 75% of Turkey’s largest 2,000 corporations and collaborates with thousands of SMEs.

Other info

Co-founder and CEO Koray Bahar was selected as an Endeavor Entrepreneur at ISP 59 in Amman, Jordan in June 2015.

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