PragmaCash offers flexible financing solutions to support Romanian businesses

Pluxee România has partnered with PragmaGO to launch PragmaCash, a flexible financing solution designed to support companies in their growth phases. This new initiative allows businesses to access quick working capital, facilitating their development.

PragmaCash is especially beneficial for small and medium-sized enterprises (SMEs), which are a vital pillar of the partner ecosystem. The financing solution is available even to companies without an established credit history, broadening access to needed resources.

Through the partnership between PragmaGO and Pluxee, merchants accepting Pluxee cards can access funding of up to 250,000 lei. The process is designed to be swift, with credit decisions made within a single working day, and funds often available within the same timeframe.

Repayment for PragmaCash is straightforward, handled through a permanent payment order where a fixed daily amount is withdrawn from the company’s bank account. Notably, the financing does not require any guarantees, and the cost structure is based on a fixed commission, making it a transparent alternative for financing.

Joanna Budzik Lister, VP of Strategic Partnerships at PragmaGO Group, emphasizes the importance of such solutions for entrepreneurs. Data shows that businesses utilizing financing options like PragmaCash have experienced revenue growth of up to 36%.

In Romania, PragmaCash is operated by Telecredit IFN S.A., which is majority-owned by PragmaGO Group. This partnership marks a significant step in providing accessible financing options for Romanian businesses, mirroring successful trends seen in Poland where B2B embedded finance solutions have supported nearly 24,000 entrepreneurs and facilitated around 200 million euros in funding.