EBRD promotes innovative financing for Polish SMEs

The European Bank for Reconstruction and Development said it was promoting the competitiveness and resilience of small and medium-sized enterprises (SMEs) in Poland by supporting the operations of leading independent factoring company PragmaGO.

The €5 million loan is the first transaction in Poland under the bank’s digital approach, designed to introduce innovative digital solutions for businesses.

This will help PragmaGO bring its cost-effective financing tools to more Polish SMEs, regardless of size or location, the EBRD said.

Compared to traditional factoring, PragmaGO’s online invoice financing solutions and purchase financing options are particularly useful for small businesses facing difficulties in accessing financing.

PragmaGO is a well-established player in the Polish market, with over 25 years of experience. It is owned by Enterprise Investors, one of the largest private equity firms in Central and Eastern Europe (CEE).

It offers user-friendly digital solutions designed to help SMEs manage their cash more efficiently.

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