How EFSI benefits SMEs in Europe - KredEx case study: Opus (Estonia), Web development agency

The increased digitization and rapid developments in Information Technology that have taken place over the past 15 years have shaken the world in every way possible. Organisations, small as well as large, are constantly confronted with increasingly demanding customers that put them under tremendous pressure to keep up.

Opus Online was founded in 2009 after its founders identified the obstacles experienced by many organisations in establishing and maintaining their online presence in today’s increasingly digitalised world. The company set out to design and develop cutting-edge websites and mobile apps to help businesses transform their ideas into powerful solutions.

Since 2009, Opus has taken flight and grown substantially. With offices in Seattle, London, Tallinn and several sub-branches, the company employs over 60 people. So far the company has helped hundreds of companies move their business forward including industry giants such as IBM, Rovio, Nasdaq, OMD Worldwide, SEB and Danske Bank. For its work Opus has been acknowledged as a top web design services provider focusing mainly on niche markets.

To expand the business further Opus turned to KredEx, an EIF financial intermediary, and obtained an EU-supported loan backed by EIF under the Investment Plan for Europe, which aims to generate new investments by facilitating access to finance for small and medium-sized enterprises.

Company: Opus Online (Estonia)

Type of business: ICT

EIF financing: COSME LGF,  EFSI

For further information abiout EIF intermediaries in Estonia, please refer to: http://www.eif.org/what_we_do/where/ee