Romanian law firm RTPR assisted PragmaGo in acquiring an 89% stake in Telecredit IFN for €5.785 million, entering the Romanian market and planning expansion in Eastern and Western Europe.

Romanian law firm RTPR has assisted Polish fintech PragmaGo, backed by Enterprise Investors, in acquiring an 89% stake in Telecredit IFN, operating as Omnicredit, from Reconstruction Capital II Limited and Elisa Rusu. This acquisition, valued at €5.785 million with a potential earn-out, marks PragmaGo's entry into the Romanian market and aims to expand its SME financing services across Eastern and Western Europe over the next three years, pending regulatory approvals.

September 20, 2024
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