PragmaGO SA Asset Profile

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Year established

1996

Location

Katowice Poland

Primary Industry

Financial Services

About

Based in Katowice, Poland, and founded as Premium Financial Group in 1996 and was listed in the Warsaw Stock Exchange in 2007, acquired by Pragma Inkaso in 2011 and changed its name to Pragma Faktoring as a result of the acquisition. Pragma Faktoring rebranded as PragmaGO SA in 2020 and operates as a non-banking financial institution that provides financial services. In 2021 PragmaGO SA was taken private by Enterprise Investors. The company offers online factoring, finance invoices, and purchase financing to micro, small and medium-sized enterprises. The firm's online factoring enables its clients who need immediate funding to exchange its invoices of regular recipients into cash of up to PLN 1 million. The company also offers PragmaGO® which provides installment payments of corporate purchases where clients can buy now and pay in installments. PragmaGO SA's services are offered by filling up an online application form for review and approval. The firm generates revenue from its factoring, leasing, and loan interests. In the third quarter of 2020, the company generated PLN 7.15 million in revenue, a 13.43% increase from the prior year, and PLN 1.51 million in net income, a 352.99% increase from the prior year.

Current Investors

Enterprise Investors

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Primary Industry

Financial Services

Sub Industries

e-Financial, Accounting Services, Web Applications

Website

www.pragmago.pl

Verticals

FinTech

Company Stage

Mature

Total Amount Raised

Subscriber access only

Deals

Deals Type
Add-on, Trade Sale
Public to Private

Deal Status	Target (s)	Deal Date	Investor(s)	Seller(s)	Deal size (Mn)	Enterprise value (Mn)	Post-money valuation (Mn)	EBITDA multiple (x)	Revenue multiple (x)	Lead partner (s)
Announced	Omnicredit	19 Sep 2024
Completed	PragmaGO SA	26 Nov 2020

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