Moldovan Fintech Platform Fagura receives $250K investment from U.Ventures, a US-based venture capital firm operating in the region
As noted in a company press release, the funding will support Fagura’s growth and development as the platform continues to provide business development tools and financial services to entrepreneurs. The investment will help Fagura build a financial ecosystem in Central and Eastern Europe (CEE) for freelancers and micro-entrepreneurs, providing instant access to capital and customized tools for business growth. Fagura’s innovative approach combines technology and finance, offering investors and businesses faster and more efficient ways to obtain funding. The platform’s automated scoring system ensures credit decisions are made in less than 10 seconds, providing an efficient online experience for users, while also expanding Fagura’s customer base. “Fagura’s product and vision to support entrepreneurs in Central and Eastern Europe perfectly align with our investment focus. “We are confident that the Fagura team will have a significant impact on redefining access to capital in the region,” said Andrei Sorohan, Venture Director at U.Ventures. Fagura CEO Tudor Darie said the company is delighted to have U.Ventures as an investor and partner, and that this investment marks an important moment for Fagura and reflects growing confidence in its vision to build a financial ecosystem for entrepreneurs and shape the future of fintech in Central and Eastern Europe and internationally. Fagura.com was launched in May 2019. The platform integrates an automated scoring system that allows decisions to be made in under 10 seconds. Fagura has received numerous fintech awards at national and regional events. In 2023-2024, it participated in the EBRD Star Venture programme and received the USAID Digi Award in partnership with “Future Technologies Activities” (FTA), financed by USAID, Sweden and Great Britain.// 31.10.2024 — InfoMarket
