RB 28/2020
The Issuer announces that today it has entered into a cooperation agreement with Allegro Sp. z o.o., the object of which is for the Parties to provide online factoring services with assumption of solvency risk to users selling goods at allegro.pl, in order to enable these users to receive immediate payment for goods sold, and buyers to purchase goods with deferred payment. The service will be implemented online, with Allegro.pl and Navi PragmaGO applications communicating with each other. The agreement provides for a detailed schedule of implementation work, as well as technical integration of the Parties’ applications and operational processes in the project. The Issuer will announce the launch of the project in a separate report. The agreement was concluded for an indefinite period with a 12-month notice period. The agreement stipulates that for a period of 18 months from the productive launch of the product, Allegro will not establish cooperation with an entity competing with the Issuer in order to implement the product alongside the Issuer, but this does not exclude the possibility of Allegro implementing the product on its own. The Issuer is obliged not to create an analogous product with entities competing with Allegro. The Issuer undertook to provide financial resources allowing the project to realize factoring turnover by the end of 2021 at least in the amount of PLN 500 million and by the end of 2022 at least in the amount of PLN 1.2 billion, and to have at least the amount of financial resources as provided for the period until the end of 2022 for further analogous periods.
