The Best Embedded SME Lending Solution in the CEE for PragmaPay and Merchant Cash Advance

PragmaPay and Merchant Cash Advance with a prestigious award!

We are happy to announce that PragmaPay and Merchant Cash Advance have won the title of The Best Embedded SME Lending Solution in the CEE. The award ceremony took place on Friday, 15.11.2024 At the international CEE24 SME Banking Conference and Awards! The event is organized by the SME Banking Club.

The Best Embedded SME Lending Solution in the CEE is a unique recognition that our embedded finance services stand out from the competition throughout the CEE region. We beat out the leading companies in the industry, thus strengthening our leadership position in the embedded lending finance sector for micro and small entrepreneurs.

• PragmaPay is a groundbreaking tool that supports the growth of online businesses with the ability to defer payments in a simple and flexible way. With full integration with e-commerce platforms, we offer entrepreneurs financial solutions where they need them – in their daily operations. PragmaPay simplifies and speeds up business-to-business transactions and benefits both the buyer and the seller, who receives funds for purchases immediately and does not bear the risk of financing (as is the case, for example, in trade credit).

• Merchant Cash Advance is a financial service that allows entrepreneurs to quickly access cash based on revenue at a PragmaGO partner – such as at payment terminals or on an ecommerce platform. Repayment can be settled as a percentage of turnover in the partner’s environment, making installments “imperceptible” to the entrepreneur and not disrupting cash flow.

In the category of The Best Digital SME Lending Solution, the winner was Romania’s Omnicredit – finantare pe fast forward (in September we signed an agreement to acquire a majority stake in Telecredit IFN S.A).