The European Investment Bank (EIB) has agreed to lend Euro 7.5 million to Packhelp, a Polish tech start-up specialized in customized packaging.
The EIB loan will finance Packhelp’s growth strategy, which is based on constant technological innovation that requires significant research & development investments. It will help the company further develop its innovative marketplace platform and expand its Polish and European network of suppliers and customers.
Packhelp works as a technology-enabled, online marketplace that aggregates orders from small and medium-sized companies and connects them to printing houses. The software eliminates logistical and supply chain complexities, connecting the traditional printing houses with the speed of e-commerce. Packhelp thus helps levelling the playing field between SMEs and large corporates in their access to high quality, affordable and customised packaging.
Packhelp is also committed to promoting sustainable packaging with eco-friendly products that can be a real alternative to plastic packaging. Every single cardboard product in the range is expected to be made from a minimum of 80% recycled cardboard. The EIB loan will help develop this process.
Source: Lesprom Network