Foriba - About the company
Foriba is an acquired company based in Istanbul (Turkey), founded in 1999. It operates as a Turkey-based provider of accounting solutions. The company has 387 active competitors, including 43 funded and 21 that have exited. Its top competitors include companies like Ramp, Mynd Solutions and HighRadius.
Company Details
Foriba is a Turkey-based provider of accounting solutions for enterprises. Their solutions include e-invoice for generation of invoices; e-book for digital signing of ledgers and journals; e-signature for digital signing of other documents, E-reconciliation for the reconciliation of inter-company accounts; e-supervision for electronic audit and IFRS for financial reporting. Also offers digital backup of documents, Vat returns, and e-receipt solutions. Claims that 1 in every 5 company switching to e-invoicing and 1 in every 3 company moving to digital archiving in Turkey choose their solutions.
- Website
- foriba.com
- Social
- Email ID
- *****@foriba.com
- Phone Number
- +90 **********
Key Metrics
Founded Year
1999
Location
Istanbul, Turkey
Stage
Acquired
Ranked
40th among 387 active competitors
Exit Details
Acquired by Sovos Compliance (May 28, 2019)
Foriba's acquisition details
Foriba got acquired by Sovos Compliance on May 28, 2019.
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Foriba's funding and investors
Foriba is a funded company. Foriba has 2 institutional investors.
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Foriba's Competitors and alternates
Top competitors of Foriba include Ramp, Mynd Solutions and HighRadius. Here is the list of Top 10 competitors of Foriba, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Ramp 2019, New York City (United States), Series E | Provider of a platform for spend management, corporate cards, and payables | $2.44B | 85/100 | |
2nd |  Mynd Solutions 2002, Gurugram (India), Series B | Provider of integrated back-office solutions across finance, accounting, HR, compliance, and staffing | $28.7M | 69/100 | |
3rd | HighRadius 2006, Houston (United States), Series C | Provider of AI-powered platform for automating finance processes and improving outcomes | $484M | 68/100 | |
4th | Provider of a unified platform for finance operations management and automation | $11.6M | 66/100 | ||
5th |  Hyperbots 2023, Dover (United States), Series A | Developer of an AI platform for finance and accounting co-pilots | $14.5M | 64/100 | |
6th | AI-powered unified finance and banking platform | $6.5M | 62/100 | ||
7th | Billing Platform 2009, Englewood (United States), Series C | Provider of cloud-based platform for automating enterprise revenue lifecycle processes | $104M | 62/100 | |
8th |  PowerPlan 1994, Atlanta (United States), Acquired | Financial performance software for asset-intensive organizations, empowering strategic decisions and compliance | $110M | 62/100 | |
9th | Recko 2018, Dover (United States), Acquired | Cloud-based digital transaction management and reconciliation solution for businesses | $7.5M | 61/100 | |
10th |  Alaan 2021, Dubai (United Arab Emirates), Series A | Provider of corporate card and spend management platform | $55M | 60/100 | |
40th | Turkey-based provider of accounting solutions | - | 37/100 |
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Foriba's Investments and acquisitions
Foriba has made no investments or acquisitions yet.
Reports related to Foriba
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