EBRD Invests In Poland's Top Corporate Travel Firm
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, January 7. The European Bank
for Reconstruction and Development (EBRD) has announced an
investment in eTravel, a top corporate travel management company in
Poland, Trend
reports.
The investment, made in partnership with Enterprise Investors
Fund IX, aims to support eTravel's growth and digital
transformation.
Founded in 2006, eTravel is known for its advanced Corporate
Travel Assistant platform, managing nearly 1 million bookings
annually for clients in Poland and across central and eastern
Europe. The co-investment will help eTravel strengthen its position
in Poland and explore opportunities for expansion in other parts of
the region.
The funding will enable eTravel to enhance its IT
infrastructure, adopt advanced AI tools, and further develop its
digital offerings to remain competitive in a rapidly evolving
market.
Tamas Nagy, EBRD Co-Head of Private Equity, emphasized the
importance of the partnership, stating,“eTravel's innovative
platform and growth strategy make it a standout business with
significant potential. This investment aligns with our goal of
supporting sustainable growth and market consolidation in the
region.”
Andreea Moraru, EBRD Regional Head for Poland and the Baltic
States, highlighted eTravel's role in Poland's digital transition,
adding,“Our investment reflects our commitment to fostering
innovation and competitiveness in Polish companies operating in
dynamic industries.”
The EBRD has invested over 15.2 billion euros in Poland to date,
focusing on capital market development and digitalization as key
priorities in the region.
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