Peer-to-Peer (P2P) Lending platforms in Bulgaria in 2023

If you’re a Bulgarian investor interested in P2P lending, you’ll want to check out these top platforms for investing in peer-to-peer lending in Bulgaria at the moment:

Best local platforms for peer-to-peer lending in Bulgaria

There are several P2P lending platforms in Bulgaria that offer various lending services such as personal debt and crypto lending. Below are some of the most notable Bulgarian P2P lending platforms:

• Afranga
• Klear
• Nexo
• Cashlend
• HelpLending
• Credefi

History of peer-to-peer lending in Bulgaria

Peer-to-peer (P2P) lending in Bulgaria started gaining momentum in the early 2010s, following the global trend of expanding alternative financial services. The growth of P2P lending in Bulgaria can be attributed to several factors, including the increasing internet penetration in the country, the development of FinTech solutions, the distrust in traditional banking systems, and the need for alternative funding options for small and medium-sized enterprises (SMEs) and individuals.

The first P2P lending platform in Bulgaria was Klear, which was launched in 2016. Klear focused on providing unsecured consumer loans to individuals. Since then, other foreign platforms like PeerBerry, Mintos, and Bondster have also entered the Bulgarian market, providing a wide range of lending options for investors. The Bulgarian P2P lending market has evolved over time, with platforms offering various services like invoice financing, real estate loans, business loans, and consumer loans.

Comparison to other markets

Compared to other markets, the Bulgarian P2P lending market is relatively smaller. However, it has been growing at a steady pace, attracting both local and foreign investors. The Bulgarian market benefits from the country’s stable economy, the growing interest in alternative investments, and the increasing awareness of P2P lending among the population. But in comparison to other countries in the region, such as Romania and Hungary, the Bulgarian P2P lending market is moving at a much faster pace.

Despite being a smaller market, the Bulgarian P2P lending sector has shown promising growth and potential for further expansion. The country’s stable economy, the increasing adoption of digital financial services, and the growing interest in alternative investment options indicate that the future of P2P lending in Bulgaria is positive.

Best foreign platforms for P2P lending in Bulgaria

To find the best platform for P2P lending in Bulgaria, investors can look for those with the lowest fees and highest returns. Some of the most popular options among Bulgarian investors include:

• Lendermarket: This platform offers a user-friendly interface and a variety of high-return P2P loans at low fees.
• Esketit: Popular for short-term loans, Esketit offers investors the chance to invest in projects with high potential returns.
• Reinvest24: This platform focuses on crowdfunding equity investments in real estate projects in different countries across Europe.
• AxiaFunder: This litigation crowdfunding platform is a unique option for Bulgarian investors interested in investing in different lawsuits.
• PeerBerry: This platform offers a range of P2P lending options, including personal, business, and real estate loans, all with a buyback guarantee.

By researching each platform, investors can choose the best fit for their investment goals and gain access to low-cost loans with the potential for higher returns.

FAQ about P2P lending for Bulgarian investors: