PragmaGO and Qonto have partnered in Spain to introduce PragmaCash

‘By combining Qonto’s digital financial platform for companies with PragmaGO’s expertise in embedded B2B finance, we can offer Spanish entrepreneurs funding that is easy to access, easy to understand and easy to manage in day-to-day operations, while also supporting long-term growth. A key strength of PragmaCash lies precisely in this: speed and predictability” 

- says Joanna Budzik Lister, VP Partnership PragmaGO.

The partnership with PragmaGO is a significant step towards our goal of becoming the most complete business finance solution for Spanish and European SMEs. Cash flow management is one of the largest challenges business owners face. This partnership will give them streamlined access to short-term credit fast – reducing cashflow stress and allowing them to focus on what matters: their business.

- says Lorenzo Pireddu, Managing Director Southern Europe at Qonto.

Based on sales data analysis of companies using MCA, we observe a clear difference in revenue dynamics between businesses that used the financing and those that did not. Companies that did not use the financing recorded an average 17% year-on-year decline in turnover, while those that used it achieved an average 36% year-on-year increase. We also see a strong relationship between the amount of financing and growth performance - the higher the financing limit, the stronger the effect

– adds Joanna Budzik Lister.

Partnering with PragmaGO lets Qonto offer financing to customers of every size - including the self-employed, a segment most lenders overlook. With loans available from just €250/month in turnover, nearly all of Qonto's existing customers can access the funding they need to grow. And as we continue to expand Qonto across Spain, PragmaGO's offer allows us to offer the best all-in-one financing solution for every type of Spanish business”

- adds Lorenzo Pireddu, Managing Director Southern Europe at Qonto.