The startup Fagura.com, a fintech project from Estonia, launched and tested in the Republic of Moldova in early 2019, announces that it has successfully achieved the goal of attracting investments of €340,000 on the crowdfunding platform Seedrs.com. Over 270 investors have declared their support for the project and their trust in the team, investing amounts from 100 to tens of thousands of euros. As a result, Fagura offered investors about 14.5% equity at a pre-money valuation of €2 million. The funds attracted in this round of investments will be used for growth in the Republic of Moldova and expansion on the Romanian market by the end of this year, IPN reports.

In a press release, Fagura says the crowdfunding campaign took place in two stages, the private one - where investors from the local community invested primarily and the public one - open to investors from all over the world.

Tudor Darie, CEO Fagura, said that in this round they wanted to attract not only the money they need, but also the support of the investor community on Fagura. “The result was above the most optimistic expectations. Investors from more than 20 countries with a lot of experience in IT and banking joined us on our path. We will think of a mechanism to allow investors to contribute in our start-up with their ideas. We are preparing the legal documents for licensing and launching on the Romanian market,” he stated.

Kirsty Grant, Chief Investment Officer, Seedrs, said that he was thrilled to see Seedrs’ community of investors show their support for Fagura and congratulate the fintech on their successful raise. “Companies like Fagura represent the continued growth and expansion of the European fintech ecosystem and the democratisation of access to finance for all.”

Fagura.com is the first P2P lending platform (alternative investment in loans), registered in Estonia and launched in the Republic of Moldova, with an automated scoring that allows decisions to be made in less than 1 second. The company has already over 25,000 user accounts created on the platform, over 400 active investors who have generated financing worth over €800,000 for another 700 individuals.

Fagura.com was launched in January 2019, being awarded in the Fintech field at several events in the Republic of Moldova and Romania: Brand of the Year in FinTech, 2020 (Moldova), Start-up with the greatest impact, 2020 (Moldova), Top 3 best FinTechs, 2019 (Romania).