Polish fintech PragmaGO (awardede last year by the SME Banking Club for the Best Embedded SME Lending in the CEE)) continues its international expansion, entering another foreign market—this time Croatia. In the initial phase, Croatian entrepreneurs will gain access to PragmaCash, a financing solution based on the Merchant Cash Advance (MCA) model.
The solution is integrated directly into a partner’s ecosystem, such as the customer dashboard of a payment terminal operator. After logging in, the entrepreneur sees a pre‑approved financing offer, completes a short online application, and receives a decision within minutes. Repayment is carried out automatically as a percentage of turnover generated with the partner, ensuring that repayment levels are aligned with the company’s actual business activity.
“Croatia is a natural direction for our growth. It is a market with strong growth potential, a solid SME sector, and increasing digitalisation of financial services. By establishing a local entity, we aim to stay close to entrepreneurs and build strong partnerships,”
said Vjaceslav Lypko, Head of International Expansion at PragmaGO, as quoted in the company’s press release.
According to PragmaGO, Croatian small and medium‑sized enterprises—despite favourable economic conditions—face challenges similar to those in Poland and Spain when it comes to accessing fast and flexible financing. Traditional financial institutions tend to focus primarily on consumer lending and larger enterprises, leaving micro and small businesses with a significant financing gap. PragmaGO aims to address this unmet need.
As previously announced, Croatia is another international market where PragmaGO is making its debut. Earlier, the company acquired a majority stake in Telecredit IFN (Omnicredit), a financial institution operating in Romania, and several months ago it launched a subsidiary in Spain. Further expansion into the Portuguese market is also planned.
Source: PragmaGo on LinkedIn, PragmaGo
