Tudor Darie
Fagura allows individuals to invest in loans to small businesses, entrepreneurs and freelancers. The platform uses an automated scoring system to make lending decisions. Fagura.com was launched in May 2019 in the Republic of Moldova, and in September 2023 it received authorization from the Romanian Financial Supervision Authority (ASF) to operate as a crowdfunding service provider. In November 2024, the company received the European Crowdfunding Service Provider (ECSP) license issued by the National Commission for the Financial Market (CNPF) of Moldova, which allows it to act as a credit intermediary throughout the European Union.
According to the platform’s publicly available data, Fagura has intermediated more than €11 million in loans across nearly 3,000 loans from 2019 to date. In the past 12 months (until June 30, 2025), the platform has helped broker loans worth €4.63 million, an increase of around 38% year-on-year.
“The next round of funding will help us grow faster, improve our technology and enter new European markets. We are currently in talks with investors who want to support the next stage of Fagura’s growth,” said Tudor Darie, quoted in a Bravva Angels press release.
The €1.5 million convertible round includes investors such as u.ventures, a venture capital fund founded by Western NIS Enterprise Fund (now the USAID-funded Ukrainian-Moldovan American Enterprise Fund) operating in Ukraine and Moldova, Mozaic, Seedrs and iTicket, as well as private investors.
The company announced its intention to convert the convertible round into an equity financing round, which is expected to be completed by the end of this year. As part of the round, Fagura plans to raise another €1.5 million, increasing the total round to €3 million, according to a press release.
The new investment will be used to develop artificial intelligence-based tools for financial decision-making, enter new European markets and improve engagement with investors and entrepreneurs, according to a company statement. The company has already developed an advanced valuation system and an AI-based widget, created in partnership with Mastercard Strive, designed to integrate into partner e-commerce, accounting and HoReCa platforms.
Bravva Angels is a Bucharest-based business angel community founded in 2022, focused on investing in startups in their early stage of development, with a focus on teams founded or co-founded by women.
The community, according to public data, has 650 professionals and 35 active investors.
“The product is complex and focused on the very large SME funding market. We appreciate the lending model and the way the team plans to expand sales, understanding perfectly the process of customer adoption of the product,” said Cristian Tudorescu, lead business angel on behalf of Bravva Investment Group and a senior member of the business angel community, according to a press release.
