Romanian fintech startup iFactor raises EUR 700,000 on London-based crowdfunding platform Seedrs

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(The Romania-Insider)

iFactor, a Romanian fintech that aims to democratize SME lending, has raised close to EUR 700,000 in an equity crowdfunding campaign on the London-based equity crowdfunding platform Seedrs. The Romanian startup was aiming to get EUR 625,000 for 15.2% of its shares at a valuation of EUR 3.9 mln for the whole company.

Romanian venture capital fund ROCA X, part of the local Impetum Group, led the financing round with an undisclosed investment.

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