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Stikcredit

Legal Name: СТИК-КРЕДИТ АД

Analysis

Last update: April 2025

What is Stikcredit?

Stikcredit was launched in 2021 under the name Afranga, which later went offline temporarily to meet ECSP license requirements. Afranga is now back online, along with Stikcredit, and both act as marketplaces for investing in loans. They connect investors with Bulgarian borrowers, with all loans issued by the parent company, Stik Credit JSC, based in Shumen, Bulgaria.

Stikcredit remains unlicensed, while Afranga received its ECSP license to operate in the European Union in December 2023. Stikcredit stopped accepting new investments and will close once all loans are fully repaid. Afranga will continue operations.[1]

EU citizens or residents with an EU residence permit can invest and fund their accounts after completing the platform’s verification process. Since 2021, Afranga and Stikcredit have facilitated over €50 million in loan investments and raised about €89.25 million, with an average monthly volume of €19.72 million.[2] The platform has 2,348 investors.[3]

Key Takeaways

  • Stikcredit and Afranga connect EU investors to loans from Stik Credit JSC, which underwrites business, personal, and real estate loans for Bulgarian borrowers.
  • Investors can choose from three types of loans: business loans, personal loans, and real estate loans. The minimum investment is €10.
  • Stikcredit offers loans with durations from less than one month to 23 months at a 10% interest rate.
  • Afranga offers loans with durations from 12 to 36 months at a 16% interest rate.
  • Stikcredit offers a buyback guarantee for its loans, whereas Afranga does not.