Review of Afranga

Top 3 Safety
Top 7 Returns (-90 Days)
Updated | October 2026
Profitability
Up to 14%
Type
P2B Business
Risk
(6/10)
Medium
Liquidity
Secondary market
Regulated
Yes
Country
Bulgaria

InvantAPPs score

0/100
  • Very good
Visit Afranga

Breakdown by Category

Detailed scores for each area assessed

&nbsp0/20&nbsp
Significance within its sector
&nbsp0/10&nbsp
Ease of use and mobile app
&nbsp0/10&nbsp
Compound interest payable
&nbsp0/10&nbsp
Welcome bonus and referral bonus
&nbsp0/10&nbsp
Tax-friendly
&nbsp0/10&nbsp
Investment liquidity
&nbsp0/30&nbsp
Returns and fees

Features

Minimum investment:
10,00 €
Regulation:
ECSP
Withdrawal fee:
Free
Payment methods:
SEPA
Type of investor:
Private individual/Business
Suitability test:
Yes
Geographical exclusions:
Geographical exclusions: Mainly EEA. Investors outside the EU require manual review.

Platform statistics

Assets under management
31.000.000,00 €
Updated: July 2026
Portfolio health:
Healthy
Current loans: 100%
In arrears/recovery: 0%
7351
Investors

6

Years in active service
2020
Founded
Loans financed:
38.368.000,00 €
Average interest:
13%
Audited accounts:
Yes
Regulatory licence:
ECSP

InvantAPPs Portfolio

  • Active Investment
Total portfolio:
8.060,00 €

TIR:

14.50%
From:
March 2023
My current investment
View My Portfolio
Role in the portfolio:
Security
Suggested allocation:
3
-10

%

Dedication:
Bass
Surveillance:
Long term
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Videos about Afranga

https://youtu.be/ZLHUWtcrDbQ
https://youtu.be/iia-ITbJHUE
https://youtu.be/LxqtnTQXUtY
https://youtu.be/LCOuM2d0cfk
https://youtu.be/i5vZW-Dz0W8
https://youtu.be/vlsFrOkCkMY
https://youtu.be/qAa17eCPM1Y

Taxation

Withholding tax:
Retains
Withholding rate:
10%
Tax-friendly:
Yes
Model 720:
No
Income Tax Category:
Share capital
Tax certificate:
Yes
Notas: La retención varía según el país de la empresa prestataria y el préstamo. No se aplican reducciones individuales por convenio de doble imposición aunque se presente un certificado de residencia fiscal. El certificado anual descargable cubre el año natural e incluye importes brutos, retenciones y netos.

Liquidity

Early exit:
No
Average loan term:
3–48 months
Time to settle:
Not available

Profitability

Stated return:
Up to 14%
Self-investment:
Yes
Payment frequency:
Monthly

Regulation

  • Licensed
Regulatory body:
ESMA
Competent authority:
Financial Supervision Commission (FSC)
Entry in the register:
View details
Country of regulation:
Bulgaria
Regulated since:
September 2023

Guarantees and risk mitigation

A) Type of guarantee
Without security
▸The borrower is personally liable and the originator triggers the buy-back in the event of prolonged default.
B) Stress scenario
▸Under the ECSP and with funds segregated via Lemonway, uninvested funds remain separate from the Afranga balance sheet. Outstanding loans would continue to be managed by a substitute administrator or by the originators, although there may be operational delays.
▸The originator is the first to respond through a buyback. If the arrears exceed the originator’s financial capacity, the investor is exposed to the originator’s insolvency and may suffer partial or total losses.
▸N/A
C) Additional guarantees
Yes
(60 days)
Originator
No
Yes
No
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InvantAPPs Summary

What is Afranga?

AFRANGA is a P2B business lending crowdfunding platform with its registered office in Bulgaria, which enables investment in corporate loans from European originators. The platform offers an attractive estimated net return of up to 16% per annum, with monthly interest payments and compound interest. It is designed for risk-tolerant investors looking to diversify their portfolio into the Eastern European market from as little as 10 euros.

https://youtu.be/ZLHUWtcrDbQ

Founded in 2020, AFRANGA stands out for having achieved a total loan volume of 30 million euros and for operating under the strict ECSP regulations of the Bulgarian Financial Supervision Commission since 2025. Its key differentiator is its close relationship with solvent originators such as Stik Credit JSC, with 100% of its loan portfolio in good standing according to data from June 2026. However, its main limitation is the absence of a secondary market and the lack of early exit options, which negates the immediate liquidity of the capital. Added to this is the concentration risk arising from reliance on a single main originator group in Bulgaria to underpin the 60-day buy-back guarantee, under the leadership of its CEO Todor Todorov and Chief Operating Officer Vanya Dimitrova. At InvantAPPs, we consider that, despite its high yield, the assigned risk profile of 8/10 calls for strict caution; consequently, our current active investment in the platform stands at 0 euros.

Key points

Estimated very high net return of up to 16% per annum, with monthly interest payments and compound interest.
A complete lack of liquidity, as there is neither a secondary market nor an early exit option for investors.
Strict regulation under the European ECSP licence granted by the Bulgarian Financial Supervision Commission.
There is a high concentration in the Bulgarian originator, Stik Credit JSC, which increases the risk should its 60-day buy-back guarantee fail.
A very affordable minimum investment of just 10 euros per trade, ideal for trying out the platform with a small amount of capital.

Pros and cons

High estimated net return of up to 16% per annum, with monthly payments.
ECSP European licence issued by the Bulgarian Financial Supervision Commission, which guarantees the segregation of funds via Lemonway.
An active 60-day buy-back guarantee backed by a personal guarantee and the originating parent company.
Excellent portfolio quality, with 100% of loans in good standing according to official data for June 2026.
With no secondary market or early exit option, making it impossible to recoup the money before the loans mature.
High concentration risk due to operational dependence on the Bulgarian group Stik Credit JSC as the main originator.
It is not a tax-friendly platform, as it withholds tax at source in Bulgaria and requires investors to file their personal income tax returns manually.

Experience and social proof

Trustpilot

26 Reviews
2.9/5
See Review

ScamAdviser

0%
Trust score: 95/100
View Analysis
Updated: July 2026

Social media activity

🔵 Active
🟡 Not very active
🟢 Very active
🔵 Active
  • Instagram
-
🔵 Active

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Risk:
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Frequently Asked Questions

Is AFRANGA safe?

AFRANGA has been regulated under an ECSP licence by the Bulgarian Financial Supervision Commission since 2025. Its portfolio as at June 2026 shows 100% of loans in good standing and includes a 60-day buy-back guarantee.

How much should I invest in AFRANGA?

With a risk profile of 8/10, we recommend allocating only a small percentage of your P2P portfolio, no more than 5% or 10%. Although at InvantAPPs we classify it as a liquidity asset due to its terms, prudence dictates strict diversification.

How do I declare AFRANGA on my income tax return?

Interest is taxed as investment income (from 19% to 28%). AFRANGA deducts tax at source and issues an annual tax certificate, but you must declare the earnings manually on your personal income tax return as it is not a tax authority-friendly platform.

What happens if AFRANGA closes down?

Funds are protected as they are held in segregated individual accounts with Lemonway, a French payment institution. Furthermore, investment contracts are signed directly with the originator, ensuring they remain legally valid should the platform cease trading.

Does AFRANGA have a secondary market?

No, AFRANGA does not have a secondary market or an early exit option. Your capital will remain tied up in the selected loans until their final maturity, so you should plan your short-term liquidity needs carefully.

Contact and support

Email: support@afranga.com
Telephone: +34 518 88 03 09
  • High accessibility
They provide service in Spanish:
Yes
Live chat:
Yes
Telegram:
Yes
Rating:
3.5/5
Response time:
1–3 days
Official FAQ:
See the FAQs

Corporate identity

Legal name:
Afranga EOOD
Country of registration:
Bulgaria
Registration code:
206337510
Registered office:
18 Todor Alexandrov Boulevard, Sofia 1303, Bulgaria
Work email:
info@afranga.com

Regulation and equipment

Licence type:
ECSP
Management team
CEO
Todor Todorov
Head of Operations
Vanya Dimitrova
Chief Financial Officer
Ivo Petrov
Verified profiles:
Yes
  • The information is taken from public sources and may not be up to date. Always check the official website.

About the author

Antonio Hernández – Founder of InvantApps

Antonio Hernández

Engineer, economist and founder of Invant APPs. I help you achieve financial freedom through smart investing and passive income.

About Me

Legal notice

Investing in crowdlending and crowdfunding involves risks, including the partial or total loss of the capital invested, and past performance is no guarantee of future results. The content on this site is for information purposes only and reflects our personal experience and opinion: it does not constitute financial or tax advice. Some links are affiliate links; the platform pays us a commission, which does not incur any cost to you nor does it influence our analysis.

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