PragmaGO and Glovo have announced the launch of PragmaCash, a new on-demand capital solution that will enable partner merchants on the platform to access capital quickly, 100% online, and tailored to their level of activity.
Based on the Merchant Cash Advance (MCA) model, PragmaCash offers funding ranging from $750 to $150,000, with a response time of up to 24 hours and a fully digital process, to help restaurants and retailers tackle investments, grow their business, or manage seasonal needs.
The establishments that partner with Glovo have access to this service. Glovo’s app operates with more than 50,000 restaurants and stores of all kinds. Whether it’s a neighborhood tapas bar gearing up for the summer season, a family-owned restaurant expanding its menu, or a florist managing seasonal stock, Spanish merchants need agility to act quickly in a highly competitive market. PragmaCash puts capital within reach, right inside the ecosystem they already rely on daily.
How PragmaCash Works
Let’s look at an example of how this service would work for a business that partners with Glovo:
- Available amount: $750 – $150,000, calculated individually based on historical Glovo revenue.
- 100% online: Contract signed remotely via SMS — no paperwork, no visits to branches.
- Predictable repayment: Fixed weekly installments over 4 or 12 months, automatically debited via GoCardless — no surprises, no additional fees.
“Spain is where Glovo was born and it is one of Europe’s most dynamic small-business markets: 3.3 million represents 99% of all companies and employs the majority of the workforce. Through this collaboration, we connect with entrepreneurs exactly where they operate: on the Glovo platform. These businesses can now obtain financing within 24 hours of applying, without interrupting their daily workflow, all within the familiar ecosystem,” says Joanna Budzik Lister, Vice President of Strategic Partnerships at PragmaGO.
Quim Ros, Head of Fintech, Glovo, explains: “We’re thrilled to celebrate this strategic alliance with PragmaGO, a key step that reinforces our commitment to the local business fabric. At Glovo we have a mission: to solidify ourselves as the perfect digital partner for all establishments that work with us, and with initiatives like this we take another step toward that goal.
