Moldova-founded peer-to-peer lending platform Fagura, currently based in Romania, has attracted new investment from members of the Bravva Angels community as part of a broader €1.5mn convertible funding round raised over the past year.

The transaction was structured as a syndicated investment through crowdfunding platform SeedBlink, according to Profit.ro.

The company operates a digital platform that allows individuals to invest in loans granted to small businesses, entrepreneurs and freelancers in the European Union and the Republic of Moldova, providing alternative access to financing for SMEs. Fagura describes its model as a modern version of the traditional “3Fs” funding approach – Friends, Family and Fools – replacing the latter with “Fagura” and opening early-stage lending to a broader community of investors.

The convertible round includes participation from several investors, among them US-based venture fund uVentures, which is active in Ukraine and Moldova, Mozaic, Seedrs and iTicket, as well as angel investors including Andreea Pipernea and Liviu Munteanu, alongside other entrepreneurs and private investors.

The financing is expected to convert into an equity round that Fagura plans to close by the end of the year. Through this process, the company aims to attract an additional €1.5mn, which would bring the total round size to €3mn.

According to the company, the new capital will be used to expand the platform’s capabilities, including the development of AI-based tools for financial decision-making, expansion into new European markets and improvements to the user experience for both investors and borrowers.

“We are excited to see strong support from investors who believe in our mission to make financing more accessible for entrepreneurs,” said Tudor Darie, CEO of Fagura. “The next phase of funding will help us grow faster, improve our technology and expand into new European markets.”

Cristian Tudorescu, lead angel representing the Bravva investor community, said the fintech’s product and market positioning had attracted strong interest from the group.

“The product is complex and serves the large SME lending market. We appreciate the lending model and how the team is planning its sales expansion, understanding the client adoption process very well,” Tudorescu said, adding that the company fits well with Bravva’s fintech investment focus.