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

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