15:41 16 July 2024
PragmaGO’s increased turnover in Q2 ‘24 by 25% y/y to PLN 611 mln
In Q2 2024, PragmaGO's turnover reached PLN 611 million, a 25% y/y increase. Factoring accounted for PLN 493 million (+18% y/y), while digital loans totaled PLN 117 million (+66% y/y). Factoring was used by 1,298 clients, and 9,250 unique firms utilized digital loans. In H1 2024, total turnover was PLN 1.15 billion (+25% y/y), with factoring contributing PLN 924 million (+16% y/y) and embedded finance PLN 305 million (+49% y/y). PragmaGO introduced PragmaPay, a B2B deferred payment service.
Additionally, Merchant Cash Advance (MCA) saw significant growth, with firms obtaining PLN 113 million (+132% y/y). PragmaGO also issued bonds totaling PLN 80 million in H1 2024.
