- 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