SMEO offers online factoring to unlock working capital for micro, small and medium enterprises, addressing acute cash-flow challenges exacerbated during the pandemic. The company has processed well over 320 million PLN in total volume (roughly €72.2 million) and has unlocked business-critical working capital for around 2,000 companies. SMEO sells a proprietary factoring technology that can be integrated in-house by partner financial institutions, telecoms and tech companies. Management says the product gives entrepreneurs the cash they need to operate. The startup plans to enter new European markets and expand its customer base. Finch Capital and Precapital recently invested in the company to support these growth initiatives.

Total raised

$5M

Funding rounds

1

Latest round

Equity

Latest activity

Dec 2020