Polfund Fundusz Poreczen Kredytowych S A

What Polfund Fundusz Poreczen Kredytowych S A does

Polfund Fundusz Poręczeń Kredytowych S.A. is a Polish credit guarantee fund headquartered in Szczecin, established in 2001 and jointly owned (50/50) by Polska Fundacja Przedsiębiorczości, a non-profit SME support foundation, and Erste Bank Polska S.A. (formerly Bank Zachodni WBK and Santander Bank Polska). The company issues guarantees that serve as collateral for bank loans, leases, and public-procurement bid bonds, addressing the structural financing gap faced by Polish micro, small and medium enterprises that lack sufficient security or credit history. Over 20+ years of operation, Polfund has issued more than 12,000 guarantees with a cumulative value approaching PLN 2 billion, serving over 7,000 SMEs across multiple Polish voivodeships.

The product portfolio comprises three core guarantee types — credit guarantees (poręczenia kredytowe), bid bond guarantees (poręczenia wadialne) issued via the automated eWadia.pl platform, and performance contract guarantees (poręczenia należytego wykonania umowy) — supplemented by a suite of EU-funded programs including JEREMIE, regional RPOs across Wielkopolskie, Zachodniopomorskie, Pomorskie, Dolnośląskie and Śląskie, plus COSME and InvestEU instruments backed by the European Investment Fund. The proprietary technology stack includes the eWadia.pl digital platform (launched August 2020, limit expanded to PLN 100,000 automatic and PLN 500,000 for registered users by June 2021) and an internal IT system for bank-partner communications, supporting a 1–2 day decision turnaround on commercial guarantees.

Polfund operates a hybrid go-to-market model: commercial and EU-funded credit guarantees are distributed exclusively through a captive network of major Polish bank partners (Erste, PKO, Pekao, Credit Agricole, Santander Leasing, Getin Noble Bank, Bank Pocztowy), while bid bond guarantees are available via direct digital self-serve on ewadia.pl. Revenue is generated through quarterly fees (starting from 0.25% of guarantee amount) on the commercial book and a flat 1% transactional fee on eWadia bid bonds; EU-funded guarantees are provided free of charge under de minimis rules. Share capital is PLN 16,000,000 and revenue is not publicly disclosed. Marketing is driven by the joint Akademia Przedsiębiorcy educational program with Erste Bank (8+ years, 20,000+ participants across 50+ cities), regional webinars with voivodeship development funds, and industry events.

Name

Polfund Fundusz Poreczen Kredytowych S A

Legal name

Polfund Fundusz Poręczeń Kredytowych S.A.

Website

https://polfund.pl

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

Polfund Fundusz Poręczeń Kredytowych S.A. is a Szczecin-based Polish credit guarantee fund, jointly owned by Polska Fundacja Przedsiębiorczości and Erste Bank Polska. It issues credit, bid bond, and performance guarantees to over 7,000 Polish SMEs lacking collateral, distributed via bank partners and the eWadia.pl digital platform.

Ownership category

akta.pro rank

Product category

Credit Guarantee Services

NAICS

Other Insurance Funds (525190)

SIC

Surety Insurance (6351)

akta.pro industry

PRIMARYFSAJAIAA

Contract Surety Bonds

Financial & Insurance/Insurance — Motor, Property & Casualty/Surety & Fidelity Bonds

SECONDARYFSAJAIAK

Notary / Bail / Miscellaneous Consumer Bonds

Financial & Insurance/Insurance — Motor, Property & Casualty/Surety & Fidelity Bonds

Keywords

• Credit guarantee services
• Bid bond guarantees
• SME financing
• Guarantee fund services
• EU financial instruments

Headquarters

HQ city

Szczecin

HQ country

Poland

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Guarantee Fees (Opłaty od poręczeń): Polfund charges fees for commercial (non-subsidized) guarantee products. Fees are typically charged on a quarterly basis (opłata kwartalna) as a percentage of the guarantee amount. EU-funded guarantees are provided free of charge (de minimis).
2. Bid Guarantee Fees (Poręczenia wadialne): For bid guarantees (wadium) purchased through ewadia.pl, a flat fee of 1% of the guarantee value is charged per transaction. No additional fees apply.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

Polfund Fundusz Poreczen Kredytowych S.A. is a Polish credit guarantee fund that issues credit guarantees, bid bond guarantees, and performance contract guarantees on behalf of micro, small and medium enterprises (SMEs). Its guarantees act as collateral substitute for bank loans, leases, and public procurement tenders, with EU co-financed programs offering free guarantees covering up to 80% of credit value. The company distributes these guarantees through a network of partner banks and its eWadia.pl digital platform for automated bid bond issuance.

Product overview

POLFUND Fundusz Poręczeń Kredytowych S.A. operates as a guarantee fund providing credit security products to Polish SMEs. The core product portfolio consists of three main guarantee types: Credit Guarantees (Poręczenia Kredytowe) as primary collateral for bank loans, Bid Bond Guarantees (Poręczenia Wadialne via eWadia.pl) for public procurement tenders, and Performance Contract Guarantees (Poręczenia Należytego Wykonania Umowy). These are complemented by multiple EU-funded guarantee programs including JEREMIE 2, Regional Operational Programs (RPO) for various voivodeships (Wielkopolskie, Dolnośląskie, Pomorskie, Zachodniopomorskie, Śląskie), COSME, and InvestEU - all offering preferential terms with EU co-financing. The eWadia.pl digital platform provides automated processing of bid bond guarantees up to 100,000 PLN, with individual limits up to 500,000 PLN. Educational services include the Akademia Przedsiębiorcy workshop program. Decision turnaround is typically 1-2 days.

Differentiator

Problem solved

Functional benefit

Brands

• eWadia: Digital platform for automatic bid bond guarantees (poręczenia wadialne) for public procurement tenders, available at ewadia.pl, offering guarantees up to 100,000 PLN through automated processing.

Products and services

• Credit Guarantees (Poreczenia Kredytowe) Credit guarantees serving as collateral for bank loans, leases, and other credit instruments, enabling Polish SMEs to access financing when they lack sufficient security. Issued as primary or supplementary collateral to increase the probability of obtaining credit from partner banks.
• Bid Bond Guarantees (Poreczenia Wadialne via eWadia.pl) Bid bond guarantees for public procurement tenders, available up to PLN 100,000 through the automated eWadia.pl digital platform, with individual limits up to PLN 500,000 for registered users. Enables businesses to participate in tenders without cash deposits.
• Performance Contract Guarantees (Poreczenia Nalezytego Wykonania Umowy) Guarantees for proper performance of bank guarantee contracts, providing security for business obligations without requiring the entrepreneur to commit own capital.
• JEREMIE 2 Guarantees (Wielkopolskie) Free guarantee for entrepreneurs in Greater Poland Voivodeship, covering up to 75% of loan amount (maximum 1,600,000 PLN) for up to 84 months, structured as de minimis aid for SMEs.
• JEREMIE Guarantees (multi-voivodeship, concluded) EU initiative guarantee covering up to 80% of credit amount for micro, small and medium enterprises, including startups without credit history or adequate collateral. Programs operated in multiple voivodeships and are now concluded.
• Wielkopolskie RPO Guarantees Guarantees from the Wielkopolskie Regional Operational Program 2007-2013, covering up to 80% of credit (maximum 500,000 PLN for working capital, 1,000,000 PLN for investments), with terms up to 7 years.
• Dolnoslaskie RPO Guarantees Free guarantees co-financed from Dolnoslaskie Voivodeship public funds, covering up to 80% of loan (maximum 1,000,000 PLN) for terms up to 120 months. Part of Regional Operational Program 2014-2020.
• Pomorskie RPO Guarantees Guarantees from Pomorski Fundusz Rozwoju 2020+, covering up to 80% of credit (maximum 1,000,000 PLN). Includes investment, working capital, and COVID-19 liquidity financing.
• Zachodniopomorskie Guarantees Free guarantees co-financed from Zachodniopomorskie Voivodeship public funds, covering up to 80% of credit (maximum 1,000,000 PLN) for terms up to 84 months.
• Slaskie Guarantees (Reporeczenie) Reporeczenie (re-guarantee) from Slaski Fundusz Rozwoju, covering up to 80% of credit (maximum 500,000 PLN) for terms up to 84 months. Initiative concluded February 2025.
• COSME Guarantees Preferential guarantees with European Investment Fund reguarantee under the EU COSME program for competitiveness of enterprises and SMEs.
• InvestEU Guarantees Guarantees with InvestEU fund reguarantee, covering up to 80% of credit (maximum 4,000,000 PLN), for loans up to 2 million EUR. Available from July 2023 with terms up to 10 years for investment credits.

Quantifiable outcome

• Over 12,000 guarantees issued with a total value approaching 2 billion PLN, serving over 7,000 SME clients over 20 years
• +2 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Twelve partnerships are on record, tiered core, major and minor.

• Santander Bank Polska S.A.coreChannel Partner/ Reseller/ DistributorBank partner facilitating SME loan applications that are backed by Polfund guarantees. Part of Polfund's bank partner network for guarantee-backed lending. Transitioned ownership from Erste Bank Polska on September 10, 2018.
• PKO Bank Polski S.A.majorChannel Partner/ Reseller/ DistributorMajor bank partner cooperating with Polfund in providing guarantee-backed financing to Polish SMEs.
• Bank Pekao S.A.majorChannel Partner/ Reseller/ DistributorBank partner cooperating with Polfund since May 8, 2011, operating in Zachodniopomorskie voivodeship.
• Santander Leasing S.A.majorChannel Partner/ Reseller/ DistributorLeasing partner enabling Polfund guarantees to be used as security for lease agreements for SMEs.
• Credit Agricole Bank Polska S.A.majorChannel Partner/ Reseller/ DistributorBank partner in Polfund's guarantee-backed lending network for SME financing.
• Wielkopolski Fundusz Rozwoju Sp. z o.o.majorStrategic or Co-development PartnerRegional development fund implementing Wielkopolskie Regional Operating Program. Signed agreement with Polfund on January 13, 2020 for re-guarantee instruments worth PLN 31,250,000. Jointly organizes webinars and events for Wielkopolskie SMEs.
• Pomorski Fundusz Rozwoju Sp. z o.o.majorStrategic or Co-development PartnerAs of July 1, 2025, became the data controller for SME entrepreneurs with Pomorskie RPO 2020+ guarantee agreements, succeeding Bank Gospodarstwa Krajowego. Partnership for EU-funded guarantee programs in Pomorskie voivodeship.
• Zachodniopomorska Agencja Rozwoju Regionalnego S.A.minorStrategic or Co-development PartnerRegional development agency in Zachodniopomorskie voivodeship, cooperating in EU financial instrument implementation.
• Polska Agencja Rozwoju Przedsiębiorczości (PARP)minorStrategic or Co-development PartnerNational development agency cooperating with Polfund in EU structural fund programs.
• Śląski Fundusz Rozwoju Sp. z o.o.minorStrategic or Co-development PartnerRegional development fund in Śląskie voivodeship. Signed public procurement agreement no. 30/2023 with Polfund on December 18, 2023 for re-guarantee products, with realized value of PLN 12,500,000. Initiative concluded February 28, 2025.
• Dolnośląski Fundusz RozwojuminorStrategic or Co-development PartnerRegional development fund cooperating with Polfund in EU-funded guarantee programs for Dolnośląskie voivodeship.
• Akademia Przedsiębiorcy – joint program with Erste Bank PolskamajorGTM or Marketing PartnerCyclical free workshop and conference program for Polish entrepreneurs organized jointly by Polfund and Erste Bank Polska. Running for over 8 years across 50+ cities, with over 20,000 total participants. Polfund contributes guarantee product knowledge and business development content.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Bank Gospodarstwa Krajowego (BGK): Polish national development bank implementing EU financial instruments including FGR (Fundusz Gwarancji Rolnych). Broad incumbent that historically managed RPO guarantee instruments and competes with Polfund at the national level for EU mandate allocation.
• Polska Agencja Rozwoju Przedsiębiorczości (PARP): National development agency cooperating with Polfund in EU structural fund programs. Broad incumbent with a wider SME support mandate (grants, advisory, training) that overlaps with Polfund's guarantee products at the program-design level.

Direct peers

• Łódzki Fundusz Poręczeń Kredytowych: Polish regional credit guarantee fund in Łódzkie voivodeship providing SME credit and bid guarantees. Direct peer operating the same business model in a different macro-region of Poland.
• Dolnośląski Fundusz Rozwoju: Regional development fund in Dolnośląskie voivodeship cooperating with Polfund in EU-funded guarantee programs. Direct peer with comparable RPO-backed guarantee offerings.
• Mazowiecki Fundusz Poręczeń Kredytowych: One of the major Polish regional credit guarantee funds operating in Mazowieckie voivodeship. Direct peer providing credit and bid guarantees to Polish SMEs via similar bank-referral distribution.
• Wielkopolski Fundusz Rozwoju: Regional development fund in Wielkopolskie voivodeship that signed a PLN 31.25M re-guarantee agreement with Polfund. Direct peer running parallel RPO guarantee programs in overlapping SME segments.
• Śląski Fundusz Rozwoju: Regional development fund in Śląskie voivodeship that contracted with Polfund for re-guarantee products (PLN 12.5M). Direct peer operating the same EU-backed SME guarantee model in an adjacent Polish region.
• Pomorski Fundusz Rozwoju: Regional development fund in Pomorskie voivodeship implementing EU RPO guarantee programs. Direct peer as it serves overlapping SME guarantee customers in a competing voivodeship and uses similar EU financial instrument structures.

Others

• European Investment Fund (EIF): EU-level financial institution providing re-guarantee (CIP, COSME, InvestEU) to Polfund since 2011. Indirect peer/partner at the supranational layer of the guarantee value chain.

Regional players

• Zachodniopomorska Agencja Rozwoju Regionalnego S.A. Regional development agency in Zachodniopomorskie voivodeship cooperating with Polfund in EU financial instrument implementation. Regional peer/partner operating adjacent SME development activities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/watch?v=D6S5EyORFXM
• Facebookfacebook.com/Polfund
• LinkedInlinkedin.com/company/polfund-fundusz-por%C4%99cze%C5%84-kredytowych-s-a-/about

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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 Polfund Fundusz Poreczen Kredytowych S A