Polish ecommerce major Allegro secures $275 million EIB loan for AI, research and development

The deal is the largest ​corporate R&D programme the EIB has backed in Poland ​and falls under the bank's TechEU initiative, which targets €250 billion ($291 billion) in ​new investment across Europe by ⁠2027.

Reuters
Poland's leading e-commerce platform Allegro has secured a 1 billion zloty ($275 million) loan from the European Investment Bank to fund research, development and innovation, including AI investments, the company ‌said ⁠late ⁠on Monday.

The deal is the largest corporate R&D programme the EIB has backed in Poland and falls under the bank's TechEU initiative, which targets €250 billion ($291 billion) in new investment across Europe by ⁠2027.

The ‌loan will cover nearly 40% of Allegro's planned R&D and ⁠innovation spending in the coming years


The company's plans include modernising its marketplace and upgrading delivery and customer-experience capabilities

It also plans to create an AI hub for machine learning models, large language ‌models and data mining

Allegro said the financing would help lower capital costs, extend ⁠its debt maturities to 2032-2033 and give it more flexibility for technology investments
ADVERTISEMENT

The EIB signed €100 billion in new financing and advisory services across more than 870 projects in 2025
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › Tech › Tech & Internet › Polish ecommerce major Allegro secures $275 million EIB loan for AI, research and development
Text Size:AAA
Success
This article has been saved

*

+