smeGo
Reinventing financing by building AI-driven financial technology platform which takes incredibly quick lending decisions that allows to bring the best financing solutions to SMEs in Europe.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
* | €100m | Lending Capital | |
| Total Funding | 000k | ||
| EUR | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 329 % | 60 % | 65 % | 77 % | 100 % | (63 %) | 12 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 26 % | 12 % | 19 % | 17 % | 14 % | - | - |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
Source: Company filings or news article
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smeGo, formerly known as SME Finance, operates as a pan-European financial services platform specializing in non-banking financial solutions for established small and medium-sized enterprises (SMEs). Founded in 2016 in Lithuania by banking industry experts Audrius Milukas and Marius Svidinskas, the company was established to address the financing gap faced by smaller companies. The firm has since expanded its operations from its home market to the Netherlands, Finland, and other Baltic states, growing to over 150 employees across Europe.
The core of smeGo's business is its AI-driven financial technology platform designed to make fast and data-driven credit decisions. This platform allows the company to provide a range of tailored financing products, including business loans, invoice financing, leasing, revenue-based financing, and flexible credit lines. The company serves a diverse client base, including SMEs, digital businesses, entrepreneurs, and freelancers, offering financing solutions from €5,000 up to €5 million. Revenue is generated from the interest and fees associated with these lending products. A key feature of their model is the ability for clients to combine multiple financing solutions on a single platform, simplifying capital management.
Since its inception, smeGo has financed over €2 billion for more than 4,000 companies across Europe. The platform's efficiency is a significant selling point, with a streamlined online application process that can be completed in under a minute and financing offers prepared within one business day. Recent technological enhancements to its proprietary underwriting tool, GoCredits, have enabled financing decisions in as little as two minutes. The company has also forged strategic partnerships, including one with the European Investment Fund (EIF), to provide credit guarantees for investments in innovation and sustainability.
Keywords: SME financing, business loans, invoice factoring, alternative lending, fintech, working capital, revenue-based finance, commercial leasing, digital lending, financial technology, European SMEs, credit solutions, non-bank financing, asset finance, business credit, Lithuania, Netherlands financing, Finland financing, Baltic finance