🏷️ Quick Overview
Name : Afranga (Previously StikCredit)
Creation : Originally unregulated, then obtaining the ECSP (European Crowdfunding Service Provider) license in Bulgaria in December 2023
Country : Bulgaria (legal & administrative basis)
Investors / Funded amounts : +1,000 investors / +50 million € funded
Type of loans : Business loans, personal loans, mortgage loans
Target strategy type : Stable and passive return
💻 Interface & Accessibility
Site language : English, Bulgarian
General ergonomics : Clear interface, intuitive dashboard, detailed loan sheets
Registration and KYC verification : Fast procedure compliant with European standards
Mobile app available : No
Auto-invest : No
📈 Yield & Performance
Current yield of the platform : 8 – 9 %
Observed performance (personal) : Just arrived, not enough feedback yet
Loyalty Program : No
Average loan duration : Between 12 and 36 months
Investment mode : Manual only
Minimum investment : 10 €
Withholding tax : Yes, 10%
⚠️ Risks & Safety
Identified risks : Defaults on personal loans, delays in repayments, dependence on the major originator (StikCredit)
Buyback guarantee / collateral : No, Afranga does not offer a buyback; collateral is possible depending on the loan, but solid real estate securities for personal loans are rarely available
Borrower rating available : No
Secondary market : No, it will arrive soon
Global transparency : Good, clear loan documents, transparent fees, separation of funds
Diversity of originators : Average, few, and all in Bulgaria
💧 Liquidity
Withdrawal ease : Good, but depends on liquid loans in the secondary market
Average recovery times for funds : Depending on the loans, it can vary significantly (long-term loans > 24 months, or partially repaid according to schedule)
Deposit/withdrawal times : 1 to 2 business days
Cash drag management : Low, thanks to good loan turnover
🛡️ Regulation & Reliability
Official regulation (PSFP, FCA, etc.) : ECSP license obtained in Bulgaria, supervised by the Bulgarian Financial Supervision Commission
Legal compliance (country of origin) : Compliant with ECSP requirements (KIIS, transparency, segregation of funds, KYC/AML)
History / known incidents : A few negative feedbacks from users (delays) but no major public scandal
Responsive customer service : Yes (email, telegram)
Regular communication : Yes, via newsletters
🎁 Bonus & Referral
Welcome bonus : Yes
Amount or % : 0.5% cashback on investments made in the first 90 days
Referral bonus : No
🧠 My personal opinion
✅ Strengths :
- Limited cash drag
- Attractive yield in a regulated framework
- Low minimum entry amount
- Cross-cutting nature of loan types (business, personal, real estate)
❌ Weak points :
- Absence of secondary market
- No buyback guarantee, which exposes to the risk of loss in the event of a major default
- Autoinvest not yet available
- Main originator risk
📌 Am I investing in it? Why? : Yes, in a small proportion, to diversify with high-yield loans, but while limiting exposure
🔍 For which investor profile? : Intermediate to dynamic investor, willing to accept a certain level of risk for higher returns