Stories
Discover the impact of financial instruments and how they meet the financing needs of businesses around Europe.
HUB2 boosts digital banking in Africa
Thanks to a EUR 1.25 million equity investment from ESSOR PME La Réunion, HUB2, a Reunionese based SME was able to develop an Application Programming Interface enabling interoperability between mobile money wallets in Western Africa and answer the huge demand for more connectivity in mobile banking and banking systems in Africa.
The sweet taste of success
The financial backing of the EAFRD risk-sharing financial instrument has helped Valentin Verzea, a former banker, make his farm in Southern Romania profitable.
With 13.5 hectares in production, he was able to deliver 90 tons of premium raspberries in 2022 to major supermarket chains in Romania.
MEEF helps black cabs convert to electric
To help tackle the twin dangers of air pollution and climate change, the Mayor of London’s Energy Efficiency Fund, which uses European Regional Development Fund financial instruments has supported Colts Cabs Limited (‘Colts’) to fund 30 electric black cabs through an innovative and flexible pay-per-mile mechanism.
