Fagura: The Moldova-born fintech’s plans to launch in Romania and how they will use the recent funding round

Born in Moldova, registered in Estonia, and funded on a London-based platform, fintech Fagura is currently working to enter the Romanian market. After the startup’s second round on Seedrs, Fagura COO Cristian Pașa told Romania Insider more about the company’s plans for the local market, why they position themselves as a community, the work of building a fintech in the CEE region, and what it can be like to have a funding round while working out of a country close to the war in Ukraine.

The company, launched in May 2019 as an alternative investment platform for loans, deploys an automated scoring mechanism that allows loan decisions to be made quickly. It recently raised EUR 780,000 in its second round on the London platform Seedrs. More than 280 investors supported the project, investing amounts varying from EUR 20 to tens of thousands of euros, while seven angel investors joined the round directly. More about the company’s plans in the interview below.