Afranga

Afranga is a crowdlending platform based in Bulgaria, regulated as an ECSP by the Bulgarian Financial Supervision Commission (resolution 863, September 2023). It enables European investors to finance Bulgarian and Eastern European SMEs through short and medium-term loans. Relaunched under the European ECSP regulatory framework in March 2025, the platform now operates under a European passport recognized across the EU. Proposed returns are typically above the European average, in exchange for higher risk: the historical loss rate stands at approximately 12.5%. Afranga targets investors seeking geographic diversification toward Central and Eastern European markets, with an accessible entry investment.