EBRD provides €6 million loan to PeopleCert

By Olga Aristeidou

EBRD provides €6 million loan to PeopleCert

Funds will finance expansion and growth of Greek assessment and certification provider

The EBRD is providing a €6 million loan to PeopleCert, a Greek company active in the global certification market. The funds will be used to finance the expansion of the company’s software and IT platform.

PeopleCert is a global leader in the assessment and certification of professional skills, partnering with multi-national organisations and government bodies to develop and provide business and IT qualifications, as well as language qualifications. The company provides millions of exams across 180 countries and in 25 languages.

The EBRD loan will also finance essential research and development, enabling PeopleCert to increase its capacity to provide examinations and qualifications. In January 2018, PeopleCert became the sole examination institute for AXELOS accreditation and examination services worldwide.

George Giannetsos, Chief Financial Officer of PeopleCert, commented: “We are very proud and satisfied with the EBRD financing. This loans means that an important international institution is not only recognising the exceptional financial health of PeopleCert, but is also willing to participate in and finance the company’s growth, which will enable us to achieve our next goals. The EBRD will play a role in the execution of our long-term growth plan.”

Dirk Werner, EBRD Director, Information and Communication Technologies, added: “We are very pleased to begin this cooperation, which is expected to enhance PeopleCert’s already advanced technological infrastructure and support its new ventures into untapped markets. It is absolutely essential to bolster the talents and engagement of innovative entrepreneurs in Greece.”

The EBRD started investing in Greece on a temporary basis in 2015 to support the country’s economic recovery. Since the beginning of its operations there, the Bank has invested over €1.45 billion in almost 30 projects in the country.