Agricover Credit IFN, a non-banking financial institution in Romania that provides agribusinesses with agricultural inputs, technology and finance, recently partnered with Symbiotics Investments, a Switzerland-based investor focused on smaller businesses in low- and middle- income countries, to raise USD 9 million via a bond issue. Symbiotics structured the transaction to be
Tag: Romania
MICROCAPITAL BRIEF: MicroVest Loans $4.2m to RoCredit for SME Financing in Romania
US-based asset manager MicroVest recently reported lending EUR 4 million (USD 4.25 million) to RoCredit, a nonbank financial institution serving small and medium-sized enterprises (SMEs) in Romania. Established in 2007 and
MICROCAPITAL BRIEF: EBRD Loans Banca Transilvania $25m to Support Businesses in Romania Adjusting to War in Ukraine
The multilateral European Bank for Reconstruction and Development (EBRD) recently lent EUR 25 million (USD 25 million) to Banca Transilvania (BT), a Romania-based bank, to on-lend to enterprises affected by the war in Ukraine. The loan is a part of
MICROCAPITAL BRIEF: IFC Places $18m in Equity in BlackPeak Capital to Support SME Growth in Southeast Europe
The International Finance Corporation (IFC), a member of the World Bank Group, recently issued an equity investment of EUR 15 million (USD 18 million) to BlackPeak Southeast Europe Growth Equity Fund (BlackPeak Fund I), which is
MICROCAPITAL BRIEF: Romanian Fintech Instant Factoring Raises $915k in Equity; Will Expand to Serbia, Boost Invoice Financing for SMEs in Romania
With a new capital injection of EUR 750,000 (USD 915,000) from its current shareholders, Instant Factoring, a Romania-based firm that buys businesses’ accounts receivable, will invest EUR 350,000 (USD 427,000) in expanding to Serbia. During 2021, it expects to buy invoices worth approximately EUR 5 million (USD 6.1 million)