Fagura, an online investment platform, has raised €250,000 from U.Ventures, according to a company statement.
Fagura originated in Moldova but is regulated and active in Romania. U.Ventures is a US-based VC active in the region. The VC typically invests from $100,000 to $2 million. Fagura is approved under the new EU securities crowdfunding rules that enable it to issue securities up to €5 million.
Fagura says the new money will help them launch business enhancement tools and financial services for entrepreneurs.
Fagura aims to develop a financial ecosystem in Central and Eastern Europe (CEE) for freelancers and micro-entrepreneurs, providing access to capital and personalized tools for business growth.
Fagura’s is a debt based platform that seeks to provide investors and businesses with faster and more efficient ways to access funding.
“Fagura’s product and vision for serving entrepreneurs in CEE perfectly aligns with our investment focus,” said Andrii Sorokhan, Venture Director at U.Ventures. “We are confident that the team will make a big impact on reshaping financial access in the region.”
Tudor Darie, CEO Fagura said the funding was a significant milestone for his company as they strive to shape the future of Fintech in the CEE region.
According to site data, Fagura has issued 2565 loans to date with an average interest rate paid to investors of 22.68%. The average loan size is €3118.
