Pago, a Romanian fintech focused on simplifying household payments, successfully raised €2.3 million through equity crowdfunding with the support of SeedBlink, propelling its expansion plans across Europe.

Company Overview

Pago is a Romanian fintech company that offers payment services aimed at simplifying recurring household payments for over 500,000 active users. Established in 2017, Pago's application integrates more than 400 service providers, allowing users in Romania, Italy, and Poland to manage various payments, including utility bills, insurance premiums, mobile top-ups, and taxes. The company has set ambitious goals for expansion into additional markets such as the Czech Republic, Slovakia, and Hungary.

Industry Overview

The fintech sector in Romania has been experiencing significant growth as a response to the increasing demand for digital financial solutions. The rise of e-commerce and the need for efficient payment systems have propelled innovative fintech solutions to the forefront. As a result, companies like Pago play a crucial role in transforming how households manage and conduct their financial transactions.

The evolution of consumer behavior towards cashless payments has further accelerated this trend, as people are increasingly embracing convenience and speed in their financial dealin