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Afranga

Short-Term Personal Loans
Resale Marketplace Lending
Explore Afranga
Funded Since February 2021
€13.38m
Minimum Investment
€10
Public Statistics Page
No
Auto Invest
No
Secondary Market
No
Ring Fence
Yes
Wind Down Plan
No
Regulated
Yes

What is Afranga?

Afranga is run by СТИК - КРЕДИТ АД, based in Bulgaria. Afranga is a Resale Marketplace Lending platform, which means it aggregates pre-funded loans from partner organisations (loan originators) and re-sells them to investors. It carries a General Financial License from the Bulgarian National Bank (BNB).

Afranga enables you to provide funding to individuals by investing in short-term personal loans. Afranga only serves lenders, so you can’t apply for a loan directly on the platform.

What does Afranga offer?

At Afranga, you can invest in projects denominated in EUR starting from €10.

Afranga separates investors’ funds from the platform company assets but doesn’t have a wind-down plan in place to ensure minimal damage in case the platform goes out of business. It doesn’t disclose statistics about its funded loans but shares its monthly funding volumes with P2PMarketData.

Afranga Details

Legal Company Name
СТИК - КРЕДИТ АД
Business ID
202557159
Main Currency
Euro (€)
Headquarters Location
Bulgaria
Established Date
April 2013
Launch Date
February 2021

How is Afranga regulated?

License Name License Key Regulatory Entity Country
Financial Institution BGR00370 Bulgarian National Bank (BNB) Bulgaria

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