Cash Credit EAD

Cash Credit EAD is a Bulgarian financial company that specializes in providing fast online loans, designed to meet urgent funding needs for individual borrowers in Bulgaria. Founded in 2011 in Sofia, Bulgaria, Cash Credit EAD offers quick loan solutions to consumers. The company's CEO is Alissa Ivanov, with Maria Davkova and Xavi Anglada also in leadership roles. The company has engaged in one investment deal, which took place in August 2013 when Delta Partners Group invested USD 25 mn in a Growth funding round, bringing the total amount raised to USD 25 mn.

CashCredit. bg specializes in providing fast online loans to individuals in Bulgaria, offering a range of financial products designed to address urgent funding needs. Their core offerings include quick loans ranging from BGN 100 to BGN 10,000, with clear and transparent terms aimed at customers seeking immediate financial support for unforeseen expenses or temporary financial challenges. The application process is entirely online, allowing users to complete their requests swiftly and receive funds transferred directly to their bank cards within minutes.

The company caters primarily to Bulgarian residents, ensuring a focus on local consumer needs while promoting responsible borrowing by emphasizing the importance of understanding loan conditions and repayment obligations. CashCredit. bg operates on a direct-to-consumer model, generating revenue through the issuance of personal loans and installment credit products. In 2022, the company reported a revenue of USD 5,916,455.

70 and an EBITDA of USD 935,254. 70. Their pricing structure typically includes transparent fees and interest rates, which are disclosed upfront to clients during the application process. This structured approach not only builds trust with customers but also facilitates smooth transactions as clients repay their loans in a series of scheduled installments, with a focus on enhancing customer loyalty through flexible repayment options and potentially lower rates for repeat borrowers.

Cash Credit EAD plans to leverage its recent funding from Delta Partners Group to expand its product offerings and enhance its operational capabilities. The company aims to design and launch new financial products tailored to the evolving needs of its customers by the end of 2024. Additionally, Cash Credit EAD is exploring opportunities for expansion into other Southeast European markets, with plans to enter these regions within the next five years.