From October, entrepreneurs working with the Glovo platform can benefit from PragmaCash — financing from the PragmaGO Group that supports the growth of local businesses. Following the successful rollout of the service in Spain and Romania, Poland is the third market where the companies offer it together.
Together with Glovo, we want to make it easier for entrepreneurs to run their businesses. Glovo is a mature delivery ecosystem used by small, local businesses as well. We want access to financing to be as simple for them as adding an offer in the app. That is why we offer PragmaCash — funds for any business purpose, transferred to the entrepreneur’s account within one business day. This financing supports growth and enables businesses to seize opportunities: fulfil additional orders or purchase goods at a promotional price. Our data show that companies using this type of financing achieve year-on-year turnover that is 28% higher than companies that do not use it
says Joanna Budzik-Lister, VP Strategic Partnerships at PragmaGO.
