PragmaGO Group recorded further growth in the scale of its operations in key areas of business financing in the first quarter of 2026. The value of financed receivables in Poland rose by 18% year on year to PLN 753 million, while across the entire Group it reached PLN 782 million, up 9% year on year. A total of 15,262 clients used PragmaGO’s services, an increase of 7% year on year, completing 227,052 transactions, up 26%.
Preliminary data on the value of financed receivables in the first quarter of 2026:
- embedded finance: PLN 248 million (+35% year on year)
- factoring in Poland: PLN 504 million (+10% year on year)
The beginning of the year also brought the delivery of key strategic objectives. The Group opened companies in Spain and Croatia. These entities will develop B2B embedded finance, including Merchant Cash Advance financing under the PragmaCash brand, in their local markets. Confirmation of the effectiveness of this strategy came with PragmaGO’s inclusion in the FT1000: Europe’s Fastest-Growing Companies 2026 ranking, published annually by the Financial Times. PragmaGO was the only Polish company from the financial sector included in the list.
“The first quarter of 2026 confirmed that we are delivering on our goals. We are developing our key business lines, including the increasingly strong loan products segment, and we are consistently building our international presence. Opening companies in Spain and Croatia is an important milestone for us. The SME markets there are similar to the Polish one – large companies can easily obtain capital for growth, while micro and small businesses face barriers, which steadily widens the competitive gap. Our goal is to help close that gap by giving smaller companies access to financing that allows them to grow and compete effectively with larger players. Our presence in the Financial Times ranking confirms that our model matters not only locally, but also on a European scale,” said Tomasz Boduszek, CEO of PragmaGO.
The growth of B2B embedded finance services in the first quarter of 2026 was driven by deeper cooperation with key partners, including Przelewy24, Polskie ePłatności (Nexi Group), PayU and TPay, as well as by the growing recognition of these financial products among partners’ clients, resulting from joint educational and communication activities.
In Romania, the value of financed invoices amounted to PLN 29 million, representing a year-on-year decline of 63%. This was caused by a lower supply of receivables resulting from construction works carried out under government infrastructure programmes.
In the coming months, PragmaGO plans to enter additional European markets, further strengthening its position as a leader in B2B embedded lending in Europe.
Summary of PragmaGO Group’s results for the first quarter of 2026:
| Category | PLN | Year-on-year change |
|---|---|---|
| In Poland | 753,173,778 | 18% |
| Total | 782,161,621 | 9% |
| B2B embedded finance | 248,318,063 | 35% |
| Factoring in Poland | 504,855,715 | 10% |
| Factoring in Romania | 28,987,843 | -63% |
