Bringing technology and finance together to make consumer credit just two click aways.
|Sectors||Finance & Payments Mixed Digital/Non-Digital B2C|
|Incorporation date||30 May 2013|
- Huge and growing marketplace for digital consumer finance.
- Profitable since inception, 1.8m EUR pre-tax profit in 2019.
- Proprietary technology and processes.
- Over 15,000 active clients and over 140,000 registered clients.
We are on a mission to simplify the process of getting a loan for the underbanked customer by making it as affordable, convenient and quick as possible – as easy as a couple of clicks. We do this by combining great technology with great talent.
Founded in 2013 as a lending company for the underbanked, Stikcredit built a successful national branch network of around 30 offices. The founders quickly realised the huge potential of the online lending business and pivoted their growth strategy to online lending.
Since then we have transformed Stikcredit into a leading FinTech organization and we have developed our proprietary state-of-art software system. The digital culture is embedded into our DNA.
We designed a loan application process which is quick, fully transparent and any customer with a smart phone, desktop computer or tablet can access our website from the comfort of their home, workplace or on the go.
Stilkcredit is authorised and regulated by the BNB in Bulgaria.
We charge our borrowers interest for the loan we have extended to them, in addition to other fees related to late payment and collection.
On average, we recover 34% on top of the extended loan within 24 months post issuance.
We have proven that our prudential management, strict fiscal policy and quick decisions bring results. Even in the covid-19 pandemic, which led to unforeseen and negative economic events, Stikcredit generated positive cashflow from operations and remained profitable.
Based on our research we estimate the available and addressable market size as follows: