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Sameday secures €25.3 million loan for regional expansion of easybox locker network

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© Reuters.

Romanian parcel delivery operator, Sameday, has obtained a €25.3 million loan from Banca Transilvania, backed by the European Bank for Reconstruction and Development (EBRD). The funding is earmarked for Sameday’s medium-term investment plans, which include expanding its easybox locker network across Romania, Hungary, and Bulgaria.

The EBRD is underwriting 65% of the credit risk on the loan. The investment aims to facilitate more sustainable and cost-effective e-commerce deliveries in these countries. The easybox system, appreciated for its flexibility and proximity, is predominantly used by urban online shoppers and provides a 24-hour delivery service.

Sameday, which has been operating for 16 years and employs over 5,000 people, currently offers full-spectrum delivery services through 4,960 easybox lockers. The fresh funding will support the addition of over 2,500 new lockers to this network.

Banca Transilvania, Romania’s largest bank with a brand value exceeding US$500 million and 500 branches in 180 locations, is endorsing this project. The bank holds a 20% market share and ranks in Brand Finance Banking 500’s top 300.

Sameday is a subsidiary of Dante International S.A., which operates the eMAG e-commerce platform in Romania, Hungary, and Bulgaria. The firm’s expansion plan aligns with its objective to lead regional growth in the Romanian courier sector.

The EBRD has a strong history of supporting private sector growth in Romania. To date, the bank has invested over €10.5 billion in the country’s private sector across 517 projects. This investment in Sameday further underscores EBRD’s commitment to creating a positive impact on people through its investments.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Read the full article here

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