About Telecredit.ro
Telecredit.ro is a Financial Services company based in Bucharest (Romania) founded in 2014, and was acquired by PragmaGO in December 2024. Short-term loans are offered online to borrowers in Romania. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its competitors include Viva Credit IFN, HoraCredit and Fast Finance.
Company details
Telecredit was established in 2014 as a non-banking financial institution in Bucharest, Romania, authorized by the National Bank of Romania. Short-term loans from RON 100 to RON 500 are extended through its online platform for periods of 10 to 30 days. Returning customers can access up to RON 1,500. Operations focus on quick credit services within the fintech sector.
- Headquarters Bucharest, Romania
- Stage Acquired
- SectorsFinancial Services
- Website telecredit.ro
- Social LinkedIn X Facebook
- Acquired by PragmaGO (Dec 2024)
Funding Insights of Telecredit.ro
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Telecredit.ro with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2022 | Debt – Conventional | – | – |
2 investors in total: 2 institutional.
Investors in Telecredit.ro
Telecredit.ro has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include PragmaGO and Reconstruction Capital II.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private debt firm focused on mezzanine financing | 2005 | reconstructioncapital2.com | Cayman Islands | |
Trade financing is facilitated via an online platform for businesses. | 1996 | pragmago.pl | Katowice, Poland |
Investor details for Telecredit.ro
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- Complete investor list
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Timeline of Telecredit.ro
3 dated milestones of Telecredit.ro across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Telecredit.ro is founded.
- Funding First funding round.
- Exit Acquired by PragmaGO.
Competitors of Telecredit.ro
Telecredit.ro has 3 listed competitors in our database. They include Viva Credit IFN, HoraCredit and Fast Finance.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| vivacredit.ro | 2010 | Bucharest, Romania | Romania-based payday lender. | |||
| horacredit.ro | 2016 | Bucharest, Romania | Offers fast online loans up to 5000 lei with minimal requirements for individuals. | |||
| fast-finance.ro | 2013 | Bucharest, Romania | Provides direct lending for short-term unsecured loans. |
Detailed competitors of Telecredit.ro
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Related news about Telecredit.Ro
Complete news archive for Telecredit.ro
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Frequently Asked Questions about Telecredit.ro
Telecredit.ro was founded in 2014 and raised its 1st funding round 8 years after it was founded.
Telecredit.ro is headquartered in Bucharest, Romania.
Telecredit was established in 2014 as a non-banking financial institution in Bucharest, Romania, authorized by the National Bank of Romania. Short-term loans from RON 100 to RON 500 are extended through its online platform for periods of 10 to 30 days. Returning customers can access up to RON 1,500. Operations focus on quick credit services within the fintech sector.
Telecredit.ro's top competitors include Viva Credit IFN, HoraCredit and Fast Finance.
Telecredit.ro has 2 investors. Key investors include PragmaGO, and Reconstruction Capital II.
Yes. Telecredit.ro was acquired by PragmaGO in December 2024.