Flexdeal launches Portugal's first state-backed PME bonds via €100M line
What's the deal? FlexdealDealroom has a profile for this one. Try Dealroom → has launched Portugal's first "PME bonds" with public guarantees, backed by a €100 million line approved by the Banco Português de FomentoDealroom has a profile for this one. Try Dealroom →. The move headlines the company's interim report for the first half of 2026, submitted to market regulator CMVM.
The numbers: FlexdealDealroom has a profile for this one. Try Dealroom → closed the half with revenue of about €2.9 million and consolidated EBITDA of €408,000. At June 30, it reported consolidated equity of €22.7 million and financial autonomy of 67%.
What does Flexdeal do? It is Portugal's first and only SIMFE — a securities investment company for economic development — and positions itself as an integrated financing platform for small and medium-sized enterprises (SMEs).
Why now? The €100 million line, developed with peer-to-peer lender RaizeDealroom has a profile for this one. Try Dealroom →, splits evenly: €50 million for SMEs across sectors and €50 million for tourism companies. Grouped bond issuances reached €12 million in the period, reinforcing Flexdeal's role as an alternative to traditional bank lending.
The company also added two investments — in fashion brand QuebramarDealroom has a profile for this one. Try Dealroom → and Shape Pilates ReformerDealroom has a profile for this one. Try Dealroom → — using quasi-equity, debt, and stake acquisitions. Its portfolio now spans 19 companies across 13 sectors, from fintech and software to fashion and fitness, for total investment of about €21 million.
What's the endgame? Flexdeal wants to expand its stake in Raize — Instituição de PagamentosDealroom has a profile for this one. Try Dealroom →, deepening the "Flexdeal & Raize" ecosystem. The increase remains subject to approval from the Banco de Portugal.
The signal: Chief executive officer and founder Alberto Amaral called the line "a relevant step for the development of the Portuguese capital market and for democratising SME access to alternative financing sources" (translated from Portuguese). It reflects a broader push to widen funding options beyond banks for smaller firms.
Read more: jornaleconomico.sapo.pt
Image credit: p_v a l d i v i e s o
