We advised the European Bank for Reconstruction and Development (EBRD) on providing a EUR 3 million loan to Noviti, a fintech company based in Lithuania that finances small, micro and medium-sized enterprises (MSMEs). The loan will help Noviti expand its digital lending services to Polish MSMEs, increasing their access to finance across the country.
As stated in the EBRD press release, “By supporting alternative lenders, such as Noviti, EBRD seeks to make financing more accessible, especially for the underserved segments of the market and increase the resilience of the Polish MSME ecosystem”.
The EBRD is one of the main institutional investors in Poland. Since its inception in the country in 1991, the bank has invested more than EUR 14 billion in 532 projects. Last year, the EBRD invested a record EUR 1.3 billion in Poland.
Our services and project team
We advised the client on all Lithuanian law issues related to the transaction. Our team consisted of partner Augustas Klezys, counsel Lina Aleknaitė-van der Molen and associate Dominykas Kulakas.
