Smeo announced raising €4 million from Finch Capital and Precapital

Smeo, a Warsaw, Poland-based company building an online-based financial factoring service platform, raised €4 million ($4.9M)

The money was raised from inevstors including Finch Capital and Precapital. Proceeds will be used to expand the company's business internationally.

Smeo, founded at the end of 2016 by CEO Michal Pawlik, built a digital platform via which it offers factoring services for micro, small and medium businesses. The company said that it worked with around 2000 companies and processed more than 320 million PLN ($87M) in total volume.