The first quarter of 2025 confirmed PragmaGO Capital Group’s strong position in the market of financial services for micro and small businesses in the CEE region. During this period, the Group financed receivables with a total value of more than PLN 720 million, an increase of 36% year-on-year. PragmaGO’s services were used by 14,300 entrepreneurs. (+39% y/y), who realized a total of over 180,000 transactions. , which translates into an 87% increase over the same period last year.
Summary of the first quarter of 2025:
– PLN 534 million (+27% y/y) – value of financed invoices under factoring. Digital factoring (online application and adjustment of terms of cooperation) grew at a rate of 47% y/y(PLN 335 million of financed receivables) – much faster than traditional factoring, which recorded growth of +4% y/y.
– PLN 183 million ( +67% y/y) – value of embedded finance raised by entrepreneurs :
– > The segment of deferred payments (BNPL) for business increased by 26% y/y reaching the value of granted financing at PLN 73 million. PragmaGO intensively developed, among others, PragmaPay – BNPL for businesses in consumer standard, in which the financing decision is issued automatically – in 90 seconds. This service is provided by payment gateways TPay and PayU.
-> also developed the Merchant Cash Advance segment at a rate of 112% y/y (PLN 110 million of financing granted). This is a form of financing available directly in a partner’s environment, such as a payment terminal provider. The financing limit is calculated based on the merchant’s turnover, and the entire process is 100% online. Repayment can take place automatically – as a daily percentage of turnover in the partner’s environment – so the merchant does not feel it in his daily operations.
– EUR 18.8 million (+53% y/y) financing was provided by Telecredit IFN S.A. (Omnicredit), a Romanian fintech that was added to the PragmaGO Group on December 5, 2024.
The results we achieved in the first quarter of 2025 indicate that our mission – to provide money for operations in a fast, convenient and online manner perfectly meets the current needs of the micro and small business sector. We focus on the smallest entities, which have the greatest problem accessing financing in the banking market. We focus on technology development and cooperation with reputable partners in embedded finance services. We are ready to scale our operating model outside Poland as well – says Tomasz Boduszek, CEO of PragmaGO.
In February 2025, PragmaGO Group published its ESG action strategy for 2025-2027, with a particular focus on promoting inclusiveness and economic equality for micro and small businesses. These goals are to be pursued by, among other things, reducing the time it takes to make credit decisions, developing educational activities and eliminating barriers to access to financing for the smallest companies operating in small towns.
