smeGo
smeGo is a Vilnius-based fintech platform founded in 2016 that provides AI-powered business loans, flexible credit lines, invoice factoring, and leasing to established SMEs across the Baltics, Netherlands, and Finland, with combined facilities up to €5 million.
- Company typePrivate
- Founded2016
- HeadquartersVilnius, Lithuania
- Headcount101–250
- GTM typeB2B
- OfferingServices
What smeGo does
smeGo is a Vilnius-headquartered fintech platform, founded in 2016 under parent UAB SME Finance, that delivers tailored financing solutions to established small and medium-sized enterprises across five European markets: Lithuania, Latvia, Estonia, Finland, and the Netherlands. The company targets SMEs that face difficulty obtaining financing from traditional banks, offering three core products — Business Loans (€10,000-€2,750,000, repayment up to 3 years), a Flexible Credit Line (up to €1,000,000, pay-as-you-use), and Invoice Factoring (up to €3,500,000, with rates from 0.58-0.75% per month post-October 2024) — that can be combined into combined facilities up to €5,000,000.
The platform is built around smeGo's proprietary GoCredits AI-powered underwriting engine, which renders financing decisions within two minutes, and a self-service portal and mobile app (iOS/Android) that achieves a 12-minute median onboarding time. A broader product portfolio includes Green Loans, Revenue-Based Financing, a comprehensive leasing suite (vehicles, equipment, agricultural/forestry/construction machinery), Credit Reports, and Insurance Limits. Revenue is generated primarily through interest income on loans, usage-based fees on credit lines and factoring discounts (transaction-based), and recurring lease payments, with green and digital business financing offered at preferential rates.
smeGo operates a hybrid go-to-market model combining self-service digital acquisition, in-house relationship managers for personalised advisory, a network of 150+ Dutch affiliate partners (Credion, Financieringsgilde, Capitalize2day), white-label/embedded B2B integrations, and institutional risk-sharing partnerships with the European Investment Fund, European Investment Bank, and Lithuania's Invega. Since inception, the platform has financed approximately €2.2 billion to over 4,500 SMEs, with an outstanding loan portfolio of €238-€250 million as of Q2 2024 and Dutch operations growing 97% year-over-year. The company employs 101-250 staff and is preparing to expand into Western Europe, supported by €240 million from Fasanara Capital (2024) and €25 million from the European Investment Fund (October 2024).
smeGo firmographics
Firmographics- Name
- smeGo
- Legal name
- UAB SME Finance
- Website
- https://smego.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- smeGo is a Vilnius-based fintech platform founded in 2016 that provides AI-powered business loans, flexible credit lines, invoice factoring, and leasing to established SMEs across the Baltics, Netherlands, and Finland, with combined facilities up to €5 million.
- Ownership category
- akta.pro rank
smeGo industry classification
Industry- Product category
- SME Lending / Alternative Finance
- NAICS
- Other Financial Vehicles (525990)
- SIC
- Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- SME Lending & Working Capital Platforms (FSAGAJAA)
- akta.pro secondary industries
- SME Lending Platforms & Embedded SME Credit (FSAKAGAJ), SME Credit Underwriting, Scoring & Risk Analytics (FSAKAGAL), Equipment & Asset Finance (SME) (FSAKAGAF)
Keywords
Where smeGo is headquartered
LocationHeadquarters
- HQ city
- Vilnius
- HQ country
- Lithuania
- HQ region
- Europe
Offices4 records
Markets served
smeGo business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Business Loans: Interest-bearing loans provided to SMEs with repayment periods up to 3 years (schedule extending up to 20 years). Revenue generated through interest payments and one-time closing costs.
- Invoice Factoring: Factoring service where businesses sell invoices at a discount to access immediate cash flow. Revenue generated through discount fees charged on invoice value, with rates from 0.58-0.75% per month.
- Flexible Credit Line: Revolving credit facility allowing businesses to withdraw and repay as needed. Customers only pay interest on amounts actually used, providing flexible access to working capital.
- Leasing Services: Equipment, vehicle, and commercial transport leasing services for SMEs. Revenue generated through lease payments including interest and fees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Business Loans: €10,000 - €2,750,000 with repayment up to 3 years (schedule up to 20 years) |
| Usage-based | Pay-as-you-go | Flexible Credit Line: Up to €1,000,000 |
| Usage-based | Pay-as-you-go | Invoice Factoring: Up to €3,500,000 with interest from 0.58% per month |
| Hybrid | Multi-year contract | Combined Financing: Up to €5,000,000 |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels5 records
smeGo product offering
Product offeringCore offering
smeGo is an AI-driven fintech platform providing tailored financing solutions to established small and medium-sized enterprises (SMEs) across Europe. Its core offerings include business loans (€10,000–€2,750,000), flexible revolving credit lines (up to €1,000,000), invoice factoring (up to €3,500,000), and equipment/leasing services, all delivered through a proprietary digital platform featuring AI-powered underwriting (GoCredits) with decisions issued within two minutes.
Product overview
smeGo is a pan-European financial services platform founded in 2016 that provides tailored financing solutions to established SMEs. The platform operates as a unified ecosystem offering three core products: Business Loans (€10,000 to €2,750,000), Flexible Credit Line (up to €1,000,000), and Invoice Factoring (up to €3,500,000). These core offerings are complemented by specialized add-on products including Green Loans, Revenue-Based Financing, and a comprehensive leasing portfolio (commercial vehicles, cars, equipment, agricultural/forestry/construction machinery). The platform also provides ancillary services like Credit Reports and Insurance Limits. The entire product suite is supported by smeGo's proprietary technology platform featuring the GoCredits AI-powered underwriting tool, a mobile app, and a self-service portal. The platform targets established SMEs that struggle to obtain financing from traditional banks, operating across the Netherlands, Finland, Estonia, Latvia, and Lithuania, with expansion planned into Western Europe.
Differentiator
Problem solved
Functional benefit
Products and services
- Business Loans Tailored interest-bearing business loans for SMEs ranging from €10,000 to €2,750,000 with repayment periods up to 3 years (schedule up to 20 years), fast approval within 1 business day, one-time closing costs, and early repayment without penalties.
- Flexible Credit Line (Flexi-Finance) Revolving credit facility for SMEs up to €1,000,000 with a repayment period up to 3 years. Customers only pay interest on the amount used, with flexible withdrawals and repayments and no repayments during the term.
- Invoice Factoring
Quantifiable outcome
- €2.2 billion in total financing provided to 4,500 businesses since 2016
- +4 more outcomes
Companies that use smeGo
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles3 records
smeGo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
AI capability3 records
Feature3 records
smeGo partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor and core.
- CredionminorDutch affiliate partner in smeGo's partner network, referring SME customers seeking financing solutions.
- FinancieringsgildeminorDutch affiliate partner referring SME customers to smeGo's financing products.
- Capitalize2dayminorDutch affiliate partner in smeGo's distribution network for SME financing referrals.
- SME BankcoreThorsten Seeger, adviser for International Growth and Strategy at smeGo and SME Bank, provides strategic guidance for international expansion. SME Bank is part of the SME Finance group ecosystem.
Scale indicators13 records
Recent moves7 records
Expansion highlights6 records
smeGo competitors and assessment
Company assessmentDirect peers
- CapitalBox: Dutch SME lending platform providing working capital loans and credit lines to small businesses in the Netherlands. Directly comparable given overlapping Netherlands market focus and similar loan product range. Daan Schavemaker (smeGo's Netherlands Operations Manager) previously worked at CapitalBox.
- Younited Credit: European consumer and SME credit platform offering personal loans and SME financing across multiple European markets. Comparable to smeGo in pan-European lending footprint and digital underwriting model.
- Liberis: UK-based embedded finance and invoice financing platform serving SMEs. Comparable to smeGo in invoice factoring offering and B2B embedded lending/white-label distribution model.
- Billie: Berlin-based B2B invoice financing and Buy Now Pay Later platform for SMEs. Comparable to smeGo in invoice factoring product and SME target segment, though focused more on embedded BNPL distribution.
- iwoca: UK-headquartered digital lender providing small business loans (€1K–€500K) and credit lines to SMEs using its own proprietary credit scoring. Directly comparable to smeGo in product (loans + credit line), target segment (underbanked SMEs), and AI-driven underwriting model.
- October: European lending platform offering business loans and credit lines to SMEs across multiple European markets. Directly comparable to smeGo in product suite, multi-country European footprint, and SME focus.
Broad incumbents
- Funding Circle: Established UK-listed SME lending platform offering business loans across Europe. Comparable in SME lending focus but larger, more diversified, and operating across broader geographies and product types than smeGo.
- Qonto: European SMB neobank providing business accounts, payment solutions, and integrated financing to SMEs across multiple countries. Adjacent peer serving the same SME customer base with broader banking-product offering.
Regional players
- Fleximize: UK-based alternative finance provider offering business loans and asset finance to SMEs. Comparable to smeGo in product offering (loans + leasing) and SME focus, but operates in the UK market rather than smeGo's European footprint.
Emerging players
- Agicap: French treasury and cash management platform for SMEs, with adjacent invoice financing/credit offerings. Comparable in serving SME working capital needs across Europe but more focused on treasury software than direct lending.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks2 records
Key highlights6 records
Customer concentration
smeGo social profiles
Digital presencesmeGo compliance and trust
Trust signalCompliance2 records
smeGo financial estimates
Financial estimateRevenue estimate
Valuation estimate
smeGo leadership team
Management profileNumber of profiles
Profiles10 records
smeGo subsidiaries and ownership
Company hierarchySubsidiaries8 records
smeGo funding detail
Funding detailFunding overview
Funding rounds8 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
smeGo M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about smeGo
What does smeGo do?
smeGo is an AI-driven fintech platform providing tailored financing solutions to established small and medium-sized enterprises (SMEs) across Europe. Its core offerings include business loans (€10,000–€2,750,000), flexible revolving credit lines (up to €1,000,000), invoice factoring (up to €3,500,000), and equipment/leasing services, all delivered through a proprietary digital platform featuring AI-powered underwriting (GoCredits) with decisions issued within two minutes.
Is smeGo a public or private company?
smeGo is a private company. It is classified as venture growth investor backed and is currently operating.
When was smeGo founded?
smeGo was founded in 2016. It employs 101 to 250 people.
Where is smeGo based?
smeGo is headquartered in Vilnius, Lithuania, in the Europe region.
How does smeGo make money?
Four revenue lines are on record. Business Loans are the primary driver. The others are invoice Factoring, flexible Credit Line and leasing Services.
Who are smeGo's main competitors?
Direct peers on record are CapitalBox, Younited Credit, Liberis, Billie, iwoca and October. Broad incumbents are Funding Circle and Qonto. Fleximize is listed as a regional player. Agicap is listed as an emerging player.
Does smeGo have an API?
No public API is recorded for smeGo.
What industry is smeGo in?
smeGo's product category is SME Lending / Alternative Finance. Its primary akta.pro industry code is FSAGAJAA, SME Lending & Working Capital Platforms, with a secondary code of FSAKAGAJ, SME Lending Platforms & Embedded SME Credit. Its NAICS code is 525990 and its SIC code is 6159.