The European Investment Bank (EIB) will loan EUR 7.5 million to Packhelp, a Polish tech start-up which specializes in customized packaging solutions. Through its dedicated online marketplace, Packhelp bridges the needs of SMEs searching quality packaging for their products and printing houses that normally work for larger companies so therefore they have less access to smaller businesses. Packhelp will focus on producers of environmentally friendly cardboards that can replace plastics.

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. Since inception in 2015, Packhelp has sold around 26 million boxes and served 36k customers across 38 countries.