OMRO IFN, the company that supports small Romanian entrepreneurs, partners with BNP Paribas, marking the first collaboration between the top bank in the European Union and a microfinancing institution in Romania. Through this partnership, „OMRO and its digital platform, Filbo, receive 7 million RON unsecured funds, of which 5 million with medium-term maturity and 2 million short-term.” – according to the press release.
OMRO and Filbo provide small and medium entrepreneurs with financing solutions in an effort to propel the Romanian entrepreneurial environment. Small businesses or start-ups need support to develop and reach maturity, but the only ones that can meet their needs are non-banking financial institutions. The 5 million RON gained due to the BNP Paribas partnership will help the company finance up to 10% more Romanian entrepreneurs.
‘’This partnership represents recognizing our efforts to support the Romanian business community. Being the first microfinancing institution in Romania to partner with BNP Paribas motivates us to improve our processes and increase our activity so that we can help even more Romanian entrepreneurs, regardless of their field of activity, and develop the range of services to meet the needs of our clients”, declares Georgiana Andrei, CFO of OMRO IFN and Filbo.
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Filbo is a Fintech platform, part of the OMRO Group, that finances micro-enterprises and individual entrepreneurs. The application process is 100% digital, from product selection, document upload, online identification, and electronic contract signing. The digital lending solution aims to increase access to financing for small entrepreneurs, addressing a segment that needs faster and more flexible solutions.
Filbo says is the only fintech company in Romania that benefits from the European guarantees offered by the European Investment Fund.
OMRO, a company established in 1994, specializes in granting loans for financing agricultural businesses and small, medium, and micro-enterprises.
BNP Paribas is the European Union’s leading bank and a key player in international banking. It operates in 65 countries and has nearly 190,000 employees, including nearly 145,000 in Europe.
Banking 4.0 – „how was the experience for you”
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Many more interesting quotes in the video below:
