Thanks to PragmaCash, businesses partnering with Glovo can obtain financing ranging from 750 to 150,000 EUR through a 100% online process, with predictable weekly repayments.
Quim Ros Coronas, Head of Fintech at Glovo, explains:
PragmaPay stimulates small businesses to grow and acts as a financial cushion. It allows you to catch market opportunities, increase your margin and not give up on orders just because you are temporarily short of startup cash. It’s transparent financing – the contract is simple and the costs for the buyer are fixed, transparent and independent of interest rate changes. Through our partnership with Shoper, we are fulfilling our mission – to level the playing field in access to capital for micro and small businesses. PragmaPay gives benefits to both sides of the transaction – both the buyer and seller on the Shoper platform gain
We are thrilled to announce our strategic partnership with PragmaGO—this is an important step that reinforces our commitment to supporting local businesses. At Glovo, we have a clear mission: to become the ideal digital partner for all the businesses that work with us. Through initiatives like this, we’re taking another step toward achieving that goal.
PragmaPay stimulates small businesses to grow and acts as a financial cushion. It allows you to catch market opportunities, increase your margin and not give up on orders just because you are temporarily short of startup cash. It’s transparent financing – the contract is simple and the costs for the buyer are fixed, transparent and independent of interest rate changes. Through our partnership with Shoper, we are fulfilling our mission – to level the playing field in access to capital for micro and small businesses. PragmaPay gives benefits to both sides of the transaction – both the buyer and seller on the Shoper platform gain
Spain is the country where Glovo was founded, and it is also one of the most dynamic SME markets in Europe: 3.3 million SMEs account for 99% of all businesses and employ the majority of workers. Through this partnership, we’re reaching business owners right where they operate—on the Glovo platform. These companies can now secure financing within 24 hours of submitting their application, without having to interrupt their daily work, all within the familiar Glovo ecosystem.
– says Joanna Budzik Lister, Vice President of Strategic Partnerships at PragmaGO.
This is just the beginning of the partnership between PragmaGO and Glovo—we’ll soon be announcing additional markets where we’ll join forces to provide entrepreneurs with quick access to capital for business growth.