24-07-2023In the first six months of 2023, the Company achieved a turnover of PLN 924 million (up 27% year-on-year), and thus in six months almost caught up with the result it achieved in all of 2021. Good growth momentum was maintained in both factoring products (PLN 797 million, up 19% y/y) and online lending (PLN 125 million, up 170%). The first half of the year turned out to be a record in terms of the number of financed transactions (194,529, up 118% y/y).
“In addition to the increase in the value of financed invoices, in the first half of 2023 we also achieved a very clear increase in the number of customers – by almost 50% year-on-year. We are particularly pleased with this result, as it demonstrates the increasing recognition of our brand in the market and the good adaptation of our offer to the needs of entrepreneurs.” – says Tomasz Boduszek, CEO of PragmaGO.
In the first half of 2023, the Company achieved a turnover value of PLN 204 million in embedded finance services for B2B (up 59% year-on-year). PragmaGO’s partners include. payment gateway imoje (ING Bank Slaski) and payment terminal operator Polskie ePłatności. Thanks to its cooperation with the latter, PragmaGO has created the innovative “My Loan” – online financing with a Revenue-Based Financing model (installments adjusted according to the turnover and seasonality of the entrepreneur’s sales).
