Analysis
What is Afranga?
Afranga was launched in 2021, which later went offline temporarily to meet ECSP license requirements while operations continued on StikCredit. Afranga is now back online with the European Crowdfunding Service Provider license while Stikcredit is fasing out. They connect investors with Bulgarian borrowers, with all loans issued by the parent company, Stik Credit JSC, based in Shumen, Bulgaria.
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 €90 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
- 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.
- The platform offers loans with durations from less than 12 to 36 months up to 16% interest rate.
- Afranga offers loans with durations from 12 to 36 months at a 16% interest rate and does not provide a buyback guarantee for its loans.
Analysis
Last update: April 2025What is Afranga?
Afranga was launched in 2021, which later went offline temporarily to meet ECSP license requirements while operations continued on StikCredit. Afranga is now back online with the European Crowdfunding Service Provider license while Stikcredit is fasing out. They connect investors with Bulgarian borrowers, with all loans issued by the parent company, Stik Credit JSC, based in Shumen, Bulgaria.
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 €90 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
- 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.
- The platform offers loans with durations from less than 12 to 36 months up to 16% interest rate.
- Afranga offers loans with durations from 12 to 36 months at a 16% interest rate and does not provide a buyback guarantee for its loans.
What is Afranga?
Afranga was launched in 2021, which later went offline temporarily to meet ECSP license requirements while operations continued on StikCredit. Afranga is now back online with the European Crowdfunding Service Provider license while Stikcredit is fasing out. They connect investors with Bulgarian borrowers, with all loans issued by the parent company, Stik Credit JSC, based in Shumen, Bulgaria.
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 €90 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
- 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.
- The platform offers loans with durations from less than 12 to 36 months up to 16% interest rate.
- Afranga offers loans with durations from 12 to 36 months at a 16% interest rate and does not provide a buyback guarantee for its loans.
What is Afranga?
Afranga was launched in 2021, which later went offline temporarily to meet ECSP license requirements while operations continued on StikCredit. Afranga is now back online with the European Crowdfunding Service Provider license while Stikcredit is fasing out. They connect investors with Bulgarian borrowers, with all loans issued by the parent company, Stik Credit JSC, based in Shumen, Bulgaria.
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 €90 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
- 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.
- The platform offers loans with durations from less than 12 to 36 months up to 16% interest rate.
- Afranga offers loans with durations from 12 to 36 months at a 16% interest rate and does not provide a buyback guarantee for its loans.
What is Afranga?
Afranga was launched in 2021, which later went offline temporarily to meet ECSP license requirements while operations continued on StikCredit. Afranga is now back online with the European Crowdfunding Service Provider license while Stikcredit is fasing out. They connect investors with Bulgarian borrowers, with all loans issued by the parent company, Stik Credit JSC, based in Shumen, Bulgaria.
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 €90 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
- 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.
- The platform offers loans with durations from less than 12 to 36 months up to 16% interest rate.
- Afranga offers loans with durations from 12 to 36 months at a 16% interest rate and does not provide a buyback guarantee for its loans.
What is Afranga?
Afranga was launched in 2021, which later went offline temporarily to meet ECSP license requirements while operations continued on StikCredit. Afranga is now back online with the European Crowdfunding Service Provider license while Stikcredit is fasing out. They connect investors with Bulgarian borrowers, with all loans issued by the parent company, Stik Credit JSC, based in Shumen, Bulgaria.
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 €90 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
- 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.
- The platform offers loans with durations from less than 12 to 36 months up to 16% interest rate.
- Afranga offers loans with durations from 12 to 36 months at a 16% interest rate and does not provide a buyback guarantee for its loans.
What is Afranga?
Afranga was launched in 2021, which later went offline temporarily to meet ECSP license requirements while operations continued on StikCredit. Afranga is now back online with the European Crowdfunding Service Provider license while Stikcredit is fasing out. They connect investors with Bulgarian borrowers, with all loans issued by the parent company, Stik Credit JSC, based in Shumen, Bulgaria.
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 €90 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
- 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.
- The platform offers loans with durations from less than 12 to 36 months up to 16% interest rate.
- Afranga offers loans with durations from 12 to 36 months at a 16% interest rate and does not provide a buyback guarantee for its loans.