Cash Credit

Cash Credit EAD is a Bulgarian non-banking financial institution established in 2011, operating within the fintech sector. The company focuses on providing micro-financial services to individual borrowers in Bulgaria, targeting urgent funding needs and the underbanked population. Revenue is generated primarily through the issuance of personal loans and installment credit products, with transparent fee and interest rate structures disclosed during the application process. For the fiscal year 2022, the company reported revenues of approximately $5.92 million.

The company's core service consists of fast online loans ranging from BGN 100 to BGN 10,000. The business model leverages a proprietary, automated credit scoring process that analyzes data to facilitate rapid credit decisions, often within minutes. This allows for a fully online application process where funds are transferred directly to the borrower's bank card. Initially, Cash Credit partnered with major mobile network operators in Bulgaria to offer its services to their subscribers, utilizing telco data for its credit scoring models. The company has since expanded its reach through its own commercial network and partnerships with entities like Bulgarian Posts.

A significant milestone in the company's history was in August 2013, when it secured a $25 million investment from Delta Partners Group. This funding was aimed at international expansion and product development. The company has had operations in several countries, including the Philippines and South Africa. As of the end of 2023, Cash Credit EAD is wholly owned by Cash Credit Bulgaria EOOD, which is ultimately owned by Cash Credit Invest Holding AD. The company has also ventured into related services, establishing a new entity in 2023 for insurance intermediation.

Keywords: micro-lending, personal loans, fintech, Bulgaria, online lending, credit scoring, non-banking financial institution, consumer finance, direct-to-consumer lending, installment credit, financial services, digital loans, underbanked services, mobile lending, quick loans, loan origination, credit risk analysis, Sofia, Southeast Europe finance, alternative data lending