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Fagura launches new borrower incentive

Moldova-based lending marketplace Fagura has launched a new incentive for borrowers.

Small- and medium-sized enterprises (SMEs) can use the promo code “DobandaRedusa3” when applying for financing and will benefit from a three per cent interest reduction, valid for the entire loan period.

The offer ends on 31 October 2023.

The new promotion can be used in conjunction with Fagura’s SME cash back offer, which offers 20 per cent of the loan amount to be refunded back into the borrower’s account, up to MDL 19,250 (£863). 

The launch of a new borrower incentive follows recent news that Fagura is expanding into Romania after gaining its EU crowdfunding licence.

Read more: European P2P market demonstrates growth in 2023

“Expanding into Romania represents a significant phase in Fagura’s journey,” said Tudor Darie, chief executive of Fagura, said at the time of the announcement.

“This strategic move is poised to bring several advantages: diversification of the client base, a steep increase in the number of potential investors and borrowers, and, last but not least, our first step into the European Union arena. It’s a new, exciting, but challenging territory.”

Read more: European platform Fagura launches new secondary market

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