smeGo

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).

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

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

• SME business loans
• Invoice factoring services
• Flexible credit lines
• Equipment leasing solutions
• AI-powered underwriting

Headquarters

HQ city

Vilnius

HQ country

Lithuania

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. 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.
2. 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.
3. 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.
4. Leasing Services: Equipment, vehicle, and commercial transport leasing services for SMEs. Revenue generated through lease payments including interest and fees.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core 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

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

AI capability3 records

Feature3 records

Partnerships

Four partnerships are on record, tiered minor and core.

• CredionminorChannel Partner/ Reseller/ DistributorDutch affiliate partner in smeGo's partner network, referring SME customers seeking financing solutions.
• FinancieringsgildeminorChannel Partner/ Reseller/ DistributorDutch affiliate partner referring SME customers to smeGo's financing products.
• Capitalize2dayminorChannel Partner/ Reseller/ DistributorDutch affiliate partner in smeGo's distribution network for SME financing referrals.
• SME BankcoreStrategic or Co-development PartnerThorsten 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

Direct 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

• Facebookfacebook.com/SMEFinanceLT
• LinkedInlinkedin.com/company/sme-finance-uab

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries8 records

Funding overview

Funding rounds8 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about smeGo