{"id":28594,"date":"2025-07-28T06:00:11","date_gmt":"2025-07-28T04:00:11","guid":{"rendered":"https:\/\/rethink-p2p.de\/?page_id=28594"},"modified":"2026-09-28T18:45:25","modified_gmt":"2026-09-28T16:45:25","slug":"afranga-review","status":"publish","type":"page","link":"https:\/\/rethink-p2p.de\/en\/afranga-review\/","title":{"rendered":"Afranga Review 2026"},"content":{"rendered":"<p><span style=\"font-size: 1.125rem;\"><span class=\"rtp-aktualisiert\">Last Update: 29 September 2026<\/span><\/span><\/p>\r\n<p><span style=\"font-size: 1.125rem;\">\n    <div style=\"border:1px solid #c8c8c8;border-radius:8px;overflow:hidden;margin:1.5rem 0;background:#f9f9f9;box-shadow:0 2px 8px rgba(0,0,0,0.10);\">\n      <div style=\"padding:16px 20px 20px;\">\n       <div style=\"font-weight:700;font-size:1.1em;margin:0 0 -8px 0;padding:0;line-height:1.4;\">\n          Key Takeaways\n        <\/div>\n        <div style=\"margin-top:2px;\"><\/span><\/p>\r\n\n    <div style=\"display:flex;gap:10px;align-items:flex-start;margin-bottom:12px;padding-top:0px;\">\n      <span style=\"flex-shrink:0;line-height:1.6;\">\u2022<\/span>\n      <span style=\"display:block;margin:0;line-height:1.6;\">Afranga is a P2P lending marketplace based in Bulgaria. Loans on the platform are offered with interest rates of up to 16%.<\/span>\n    <\/div>\n    <div style=\"display:flex;gap:10px;align-items:flex-start;margin-bottom:12px;padding-top:0px;\">\n      <span style=\"flex-shrink:0;line-height:1.6;\">\u2022<\/span>\n      <span style=\"display:block;margin:0;line-height:1.6;\">The platform was established in December 2020 by the Bulgarian company Stik-Credit JSC as a financing channel for its own lending business.<\/span>\n    <\/div>\n    <div style=\"display:flex;gap:10px;align-items:flex-start;margin-bottom:12px;padding-top:0px;\">\n      <span style=\"flex-shrink:0;line-height:1.6;\">\u2022<\/span>\n      <span style=\"display:block;margin:0;line-height:1.6;\">In September 2023, Afranga received its licence from the Bulgarian financial supervisory authority to operate as a European Crowdfunding Service Provider (ECSP).<\/span>\n    <\/div>\n    <div style=\"display:flex;gap:10px;align-items:flex-start;margin-bottom:12px;padding-top:0px;\">\n      <span style=\"flex-shrink:0;line-height:1.6;\">\u2022<\/span>\n      <span style=\"display:block;margin:0;line-height:1.6;\">Afranga has not experienced any issues with its loan originators to date. All repayments have been made on time.<\/span>\n    <\/div><\/div>\n      <\/div>\n    <\/div>\r\n\n    <style>\n      #rtp-bonusbox-6acab41f7a267 .rtp-bonus-row{display:flex;gap:24px;align-items:flex-start;flex-wrap:wrap;}\n      #rtp-bonusbox-6acab41f7a267 .rtp-bonus-left{align-self:center;}\n      #rtp-bonusbox-6acab41f7a267 .rtp-bonus-mid{flex:1;min-width:220px;}\n      #rtp-bonusbox-6acab41f7a267 .rtp-bonus-mid p{margin:0;font-size:14px;line-height:1.5;color:#555555;}\n      #rtp-bonusbox-6acab41f7a267 .rtp-bonus-cta{flex-shrink:0;align-self:center;}\n      #rtp-bonus-btn-6acab41f7a267{transition:background 0.2s ease;}\n      #rtp-bonus-btn-6acab41f7a267:hover{background:#088a1f !important;}\n      @media (max-width:600px){\n        #rtp-bonusbox-6acab41f7a267 .rtp-bonus-row{flex-direction:column;text-align:center;align-items:center;}\n        #rtp-bonusbox-6acab41f7a267 .rtp-bonus-left{width:100% !important;}\n      }\n    <\/style>\n    <div id=\"rtp-bonusbox-6acab41f7a267\" style=\"border:1.5px solid #0aad27;border-radius:10px;background:#f3fbf5;box-shadow:0 2px 8px rgba(0,0,0,0.06);margin:1.5rem 0;padding:18px 22px;\">\n      <div class=\"rtp-bonus-row\"><div class=\"rtp-bonus-left\" style=\"flex-shrink:0;width:180px;text-align:center;\"><img data-src=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2026\/07\/Afranga-Logo-PNG2.png\" alt=\"Afranga\" style=\"--smush-placeholder-width: 983px; --smush-placeholder-aspect-ratio: 983\/252;max-width:160px;max-height:60px;height:auto;width:auto;display:inline-block;vertical-align:top;\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" \/><noscript><img src=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2026\/07\/Afranga-Logo-PNG2.png\" alt=\"Afranga\" style=\"max-width:160px;max-height:60px;height:auto;width:auto;display:inline-block;vertical-align:top;\" \/><\/noscript>\n        <div style=\"margin-top:6px;display:flex;align-items:center;justify-content:center;gap:8px;\">\n          <span style=\"position:relative;display:inline-block;font-size:24px;line-height:1;letter-spacing:2px;\">\n            <span style=\"color:#d6d6d6;\">&#9733;&#9733;&#9733;&#9733;&#9733;<\/span>\n            <span style=\"position:absolute;left:0;top:0;overflow:hidden;white-space:nowrap;width:76%;color:#f5a623;\">&#9733;&#9733;&#9733;&#9733;&#9733;<\/span>\n          <\/span>\n          <span style=\"font-weight:700;color:#1a1a1a;font-size:16px;\">(3.8)<\/span>\n        <\/div><\/div><div class=\"rtp-bonus-mid\">\n          <div style=\"font-weight:700;font-size:1.1em;line-height:1.2;margin-bottom:6px;\">New Investor Bonus<\/div>\n          <p>New investors receive 0.5% cashback on all investments made within the first 90 days after registration.<\/p>\n        <\/div>\n        <div class=\"rtp-bonus-cta\">\n          <a id=\"rtp-bonus-btn-6acab41f7a267\" href=\"https:\/\/bit.ly\/rethink-p2p-goes-afranga\" target=\"_blank\" rel=\"nofollow sponsored noopener\" style=\"display:inline-flex;align-items:center;gap:8px;background:#0aad27;color:#ffffff;padding:12px 22px;border-radius:8px;font-weight:700;font-size:1em;font-family:inherit;text-decoration:none;white-space:nowrap;\">Invest Now<\/a>\n        <\/div>\n      <\/div>\n    <\/div>\r\n<style>\n        .rtp-sitg{display:flex;align-items:center;gap:22px;border-radius:8px;box-shadow:0 2px 8px rgba(0,0,0,0.08);padding:18px 22px;margin:1.5rem 0;}\n        .rtp-sitg-body{flex:1;min-width:0;}\n        .rtp-sitg-title{font-weight:700;font-size:1.1em;color:#222;margin-bottom:6px;line-height:1.2;}\n        .rtp-sitg-text{margin:0;font-size:14px;line-height:1.5;color:#555555;}\n        .rtp-sitg-note{font-size:12px;color:#999;margin-top:6px;}\n        .rtp-sitg-btn{background:#262521;color:#fff !important;padding:13px 34px;border-radius:10px;font-size:16px;font-weight:700;text-decoration:none !important;white-space:nowrap;flex-shrink:0;transition:background .2s ease;}\n        .rtp-sitg-btn:hover{background:#14120f !important;color:#fff !important;text-decoration:none !important;}\n        @media(max-width:600px){\n          .rtp-sitg{flex-direction:column;align-items:stretch;gap:14px;}\n          .rtp-sitg-title{text-align:center;}\n          .rtp-sitg-btn{align-self:center;}\n        }\n        <\/style>\n    <div class=\"rtp-sitg\" style=\"background:#f7f7f7;border:1px solid #c8c8c8;\">\n      <div class=\"rtp-sitg-body\">\n        <div class=\"rtp-sitg-title\">Skin in the Game<\/div>\n        <p class=\"rtp-sitg-text\">I am invested with my own funds at Afranga since August 2025. Since then, I achieved a total return (XIRR) of 12,84%. My outstanding portfolio on the platform stands at 13.057 \u20ac.<\/p><\/div>\n      <a class=\"rtp-sitg-btn\" href=\"https:\/\/rethink-p2p.de\/en\/p2p-portfolio\/\" target=\"_blank\" rel=\"noopener\">My Portfolio<\/a>\n    <\/div>\r\n<hr \/>\r\n<h2><span style=\"color: #000000;\"><strong>What is Afranga?<\/strong><\/span><\/h2>\r\n<p><a href=\"https:\/\/bit.ly\/rethinkp2p-goes-afranga\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" loading=\"lazy\" class=\"alignleft wp-image-28204 size-full lazyload\" data-src=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Bonus.jpg\" alt=\"Afranga-Bonus\" width=\"300\" height=\"169\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 300px; --smush-placeholder-aspect-ratio: 300\/169;\" \/><noscript><img decoding=\"async\" loading=\"lazy\" class=\"alignleft wp-image-28204 size-full\" src=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Bonus.jpg\" alt=\"Afranga-Bonus\" width=\"300\" height=\"169\" \/><\/noscript><\/a><\/p>\r\n<p data-start=\"0\" data-end=\"164\">Afranga is a Bulgaria-based P2P lending platform where investors primarily invest in business loans from a range of international loan originators, while earning above-average returns of up to 16%.<\/p>\r\n<p data-start=\"166\" data-end=\"435\">The P2P platform was originally launched in 2021 by the Bulgarian company <a href=\"https:\/\/stikcredit.eu\/\" target=\"_blank\" rel=\"noopener\"><strong>Stik-Credit JSC<\/strong><\/a> as a funding tool for its own lending operations. Its origin story is therefore comparable to other P2P platforms such as <a href=\"https:\/\/rethink-p2p.de\/en\/esketit-review\/\" target=\"_blank\" rel=\"noopener\"><strong>Esketit<\/strong><\/a> (AvaFin Holding) or <a href=\"https:\/\/rethink-p2p.de\/en\/lendermarket-review\/\" target=\"_blank\" rel=\"noopener\"><strong>Lendermarket<\/strong><\/a> (Creditstar).<\/p>\r\n<p data-start=\"437\" data-end=\"747\">Since receiving its license under the European Crowdfunding Regulation (ECSP) in 2023, Afranga has been operating as an independent P2P platform. Nevertheless, its structure remains closely tied to Stik Credit. With the addition of external lenders, Afranga evolved into a P2P lending marketplace in 2025.<\/p>\r\n<p data-start=\"749\" data-end=\"923\" data-is-last-node=\"\" data-is-only-node=\"\">At its core, Afranga is characterized by competitive interest rates of up to 16%, regulatory compliance, and segregated investor accounts via Lemonway.<\/p>\r\n<h3 class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\"><strong>Afranga at a Glance<\/strong><\/h3>\r\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\">All key facts and figures about Afranga at a glance.<\/p>\r\n<div class=\"su-table su-table-alternate\">\r\n<table>\r\n<tbody>\r\n<tr>\r\n<td><strong>Founded \/ Started:<\/strong><\/td>\r\n<td>December 2020 \/ February 2021<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><strong>Legal Name:<\/strong><\/td>\r\n<td>Afranga EOOD (<strong><a href=\"https:\/\/www.registrucentras.lt\/jar\/p_en\/dok.php?kod=305888586\" target=\"_blank\" rel=\"noopener\">LINK<\/a><\/strong>)<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><strong>Headquarter:<\/strong><\/td>\r\n<td>Sofia, Bulgaria<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><strong>Regulated:<\/strong><\/td>\r\n<td>Yes (<a href=\"https:\/\/www.fsc.bg\/registri-i-spravki\/registar-na-dostavchitsite-na-uslugi-za-kolektivno-finansirane\/\" target=\"_blank\" rel=\"noopener\"><strong>ECSP License<\/strong><\/a>)<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><strong>CEO:<\/strong><\/td>\r\n<td><a href=\"https:\/\/www.linkedin.com\/in\/svetlinsabev\/\" target=\"_blank\" rel=\"noopener\"><strong>Svetlin Sabev<\/strong><\/a> (February 2021)<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><strong>Assets Under Management:<\/strong><\/td>\r\n<td>Not Available<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><strong>Number of Investors:<\/strong><\/td>\r\n<td>7,000+<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><strong>Expected Return:<\/strong><\/td>\r\n<td>Up to 16%<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><strong>Risk Score:<\/strong><\/td>\r\n<td>6.4 \/ 10 (Rank 8 of 31) | <a href=\"https:\/\/rethink-p2p.de\/en\/p2p-platform-risk\/\" target=\"_blank\" rel=\"noopener\"><strong>View Methodology<\/strong><\/a><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><strong>Primary Loan Type:<\/strong><\/td>\r\n<td>Business Loans<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><strong>Collateral:<\/strong><\/td>\r\n<td>Pledge<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<p>For those who prefer watching over reading, take a look at my Afranga video review (August 2025):<\/p>\r\n<p><iframe loading=\"lazy\" title=\"Afranga Review 2025: Everything You Need To Know!\" width=\"810\" height=\"456\" data-src=\"https:\/\/www.youtube.com\/embed\/HciQlYiMCKE?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-load-mode=\"1\"><\/iframe><\/p>\r\n<h3><span style=\"color: #000000;\">Business Model<\/span><\/h3>\r\n<p>How does Afranga make money? Similar to other P2P lending marketplaces, Afranga primarily monetizes through brokerage fees charged to the loan originators. According to the Afranga <a href=\"https:\/\/afranga.com\/docs\/pdf\/Price_list.pdf\" target=\"_blank\" rel=\"noopener\"><strong>price list<\/strong><\/a>, this fee can be as high as 10% per annum. The market average usually ranges between 2% and 3%.<\/p>\r\n<p>Additionally, loan originators are charged a one-time fee of EUR 3,000 for the evaluation of a potential collaboration. Investors, on the other hand, do not incur any costs or fees. Neither for account maintenance, deposits, withdrawals, nor any other services.<\/p>\r\n<h3>Afranga On-Site Visit<\/h3>\r\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\">In February 2026, I visited Afranga in person for the first time in Sofia. During my visit, I had the opportunity to speak with Ivaylo Ivanov (Strategic Advisor and former CEO of the iuvo Group), Yonko Chuklev (Chief Compliance Officer) and Afranga founder and CEO Svetlin Sabev.<\/p>\r\n<p><a href=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2026\/02\/Afranga-Erfahrungen-Afranga-Review-Meeting-2026.jpg\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-31202 lazyload\" data-src=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2026\/02\/Afranga-Erfahrungen-Afranga-Review-Meeting-2026.jpg\" alt=\"\" width=\"1200\" height=\"739\" data-srcset=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2026\/02\/Afranga-Erfahrungen-Afranga-Review-Meeting-2026.jpg 1200w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2026\/02\/Afranga-Erfahrungen-Afranga-Review-Meeting-2026-300x185.jpg 300w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2026\/02\/Afranga-Erfahrungen-Afranga-Review-Meeting-2026-1024x631.jpg 1024w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2026\/02\/Afranga-Erfahrungen-Afranga-Review-Meeting-2026-768x473.jpg 768w\" data-sizes=\"(max-width: 1200px) 100vw, 1200px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 1200px; --smush-placeholder-aspect-ratio: 1200\/739;\" \/><noscript><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-31202\" src=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2026\/02\/Afranga-Erfahrungen-Afranga-Review-Meeting-2026.jpg\" alt=\"\" width=\"1200\" height=\"739\" srcset=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2026\/02\/Afranga-Erfahrungen-Afranga-Review-Meeting-2026.jpg 1200w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2026\/02\/Afranga-Erfahrungen-Afranga-Review-Meeting-2026-300x185.jpg 300w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2026\/02\/Afranga-Erfahrungen-Afranga-Review-Meeting-2026-1024x631.jpg 1024w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2026\/02\/Afranga-Erfahrungen-Afranga-Review-Meeting-2026-768x473.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/noscript><\/a><\/p>\r\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\">Our conversations covered a range of topics, including the loan originator due diligence process and potential conflicts of interest (most notably regarding Stik-Credit) as well as the regulatory collaboration with the Bulgarian financial supervisory authority and the planned product roadmap. The latter included the introduction of an Auto Invest function, a secondary market and a fixed-return investment product modelled after <a href=\"https:\/\/rethink-p2p.de\/en\/bondora-go-and-grow-review\/\" target=\"_blank\" rel=\"noopener\"><strong>Bondora Go &amp; Grow<\/strong><\/a>, which launched just a few weeks later under the name SaveSmart.<\/p>\r\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\">Further insights into my impressions and conversations on-site can be found <strong><a class=\"underline underline underline-offset-2 decoration-1 decoration-current\/40 hover:decoration-current focus:decoration-current\" href=\"https:\/\/rethink-p2p.de\/en\/p2p-lending-bulgaria-2026\/\" target=\"_blank\" rel=\"noopener\">in this article<\/a><\/strong>.<\/p>\r\n<h3 data-pm-slice=\"1 1 []\">Afranga News<\/h3>\r\n<p>P2P lending is a dynamic asset class where investors should stay continuously informed. You will find the latest news on Afranga on my <strong><a href=\"https:\/\/rethink-p2p.de\/en\/news\/\">P2P lending news<\/a><\/strong> page, where I cover other P2P platforms as well.<\/p>\r\n<div class=\"rtp-review-news\"><div class=\"rrn-card\" onclick=\"this.classList.toggle('open')\"><svg class=\"rrn-chevron\" viewBox=\"0 0 16 16\" fill=\"none\"><path d=\"M4 6l4 4 4-4\" stroke=\"currentColor\" stroke-width=\"1.8\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/><\/svg><div class=\"rrn-date\">01. September 2026<\/div><div class=\"rrn-title\"><a class=\"rrn-title-link\" href=\"https:\/\/rethink-p2p.de\/en\/news\/afranga-stikcredit-guarantees-all-tiberus-loans\/\" onclick=\"event.stopPropagation()\">Afranga: Stikcredit Guarantees All Tiberus Loans<\/a><\/div><div class=\"rrn-body\"><div class=\"rrn-content\"><p>Stikcredit has signed a guarantee declaration in favour of investors who invest in Tiberus loans on Afranga. The guarantee has been effective since August 31, 2026, and is fully available for review on the Tiberus profile.<\/p>\n<p>The guarantee covers all loan agreements with Tiberus, including loan parts purchased on the secondary market. It covers principal, interest, fees, and costs without any limit on the amount. If Tiberus fails to make a payment on time, investors can claim the outstanding amount directly from Stikcredit.<\/p>\n<p>Another important point: The declaration is irrevocable and, according to the document, cannot be withdrawn by the shareholders, management, or beneficial owner. It remains valid as long as any guaranteed obligations remain outstanding.<\/p>\n<p>Unlike many other group guarantees, investors have access to a signed and publicly accessible document. However, its practical value still depends on Stikcredit's financial position, which is why investors should continue to monitor the company's financial figures.<\/p>\n<\/div><div class=\"rrn-btns\"><a class=\"rrn-btn rrn-btn--source\" href=\"https:\/\/afranga.com\/personal-doc-originator\/1005\/personalDoc_1005_1788185195_1.pdf\" target=\"_blank\" rel=\"noopener noreferrer\" onclick=\"event.stopPropagation()\"><svg viewBox=\"0 0 16 16\" fill=\"none\"><path d=\"M4 2h5.5L12 4.5V14H4V2z\" stroke=\"currentColor\" stroke-width=\"1.2\" stroke-linejoin=\"round\"\/><path d=\"M9 2v3h3\" stroke=\"currentColor\" stroke-width=\"1.2\" stroke-linejoin=\"round\"\/><path d=\"M6 7h4M6 9.5h4M6 12h2.5\" stroke=\"currentColor\" stroke-width=\"1.2\" stroke-linecap=\"round\"\/><\/svg>Source<\/a><\/div><\/div><\/div><div class=\"rrn-card\" onclick=\"this.classList.toggle('open')\"><svg class=\"rrn-chevron\" viewBox=\"0 0 16 16\" fill=\"none\"><path d=\"M4 6l4 4 4-4\" stroke=\"currentColor\" stroke-width=\"1.8\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/><\/svg><div class=\"rrn-date\">24. August 2026<\/div><div class=\"rrn-title\"><a class=\"rrn-title-link\" href=\"https:\/\/rethink-p2p.de\/en\/news\/afranga-launches-secondary-market\/\" onclick=\"event.stopPropagation()\">Afranga Launches Secondary Market<\/a><\/div><div class=\"rrn-body\"><div class=\"rrn-content\"><p>Afranga will update its Terms and Conditions on August 27, 2026. The main change in the new version is the introduction of a secondary market, allowing investors to trade loan parts with each other for the first time.<\/p>\n<p>The conditions at a glance: Loans can be sold at a premium or discount of up to 15%. If the loan part being sold is worth less than \u20ac100, it can only be sold in full. According to Afranga, there are no fees for either buying or selling.<\/p>\n<p>In addition, interest accrued up until the sale remains with the seller and is only paid out with the borrower's next repayment. Investors who continue using the platform from August 27 onward will thereby accept the new terms.<\/p>\n<\/div><div class=\"rrn-btns\"><a class=\"rrn-btn rrn-btn--source\" href=\"https:\/\/afranga.com\/docs\/pdf\/General_Terms_and_Conditions_v2.0_2026-08-27.pdf?v=74\" target=\"_blank\" rel=\"noopener noreferrer\" onclick=\"event.stopPropagation()\"><svg viewBox=\"0 0 16 16\" fill=\"none\"><path d=\"M4 2h5.5L12 4.5V14H4V2z\" stroke=\"currentColor\" stroke-width=\"1.2\" stroke-linejoin=\"round\"\/><path d=\"M9 2v3h3\" stroke=\"currentColor\" stroke-width=\"1.2\" stroke-linejoin=\"round\"\/><path d=\"M6 7h4M6 9.5h4M6 12h2.5\" stroke=\"currentColor\" stroke-width=\"1.2\" stroke-linecap=\"round\"\/><\/svg>Source<\/a><\/div><\/div><\/div><div class=\"rrn-card\" onclick=\"this.classList.toggle('open')\"><svg class=\"rrn-chevron\" viewBox=\"0 0 16 16\" fill=\"none\"><path d=\"M4 6l4 4 4-4\" stroke=\"currentColor\" stroke-width=\"1.8\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/><\/svg><div class=\"rrn-date\">04. August 2026<\/div><div class=\"rrn-title\"><a class=\"rrn-title-link\" href=\"https:\/\/rethink-p2p.de\/en\/news\/afranga-introduces-early-withdrawals-for-savesmart\/\" onclick=\"event.stopPropagation()\">Afranga Introduces Early Withdrawals for SaveSmart<\/a><\/div><div class=\"rrn-body\"><div class=\"rrn-content\"><p>Afranga has introduced a new early withdrawal feature for SaveSmart. Investors can now withdraw up to 30% of their investment before maturity, subject to a maximum of \u20ac5,000. In addition, withdrawals of up to \u20ac100 can be made without any deduction. To compensate for the increased liquidity, Afranga charges a 1% fee on the amount withdrawn.<\/p>\n<\/div><\/div><\/div><\/div>\r\n<p>Alternatively, you can subscribe to my <strong><a href=\"https:\/\/bit.ly\/rethinkp2p-en-telegram\">Telegram channel<\/a><\/strong> or <strong><a href=\"https:\/\/bit.ly\/rethinkp2p-en-whatsapp\">WhatsApp group<\/a><\/strong> (both free of charge) to receive real-time updates as soon as new developments emerge.<\/p>\r\n<hr \/>\r\n<h2>Shareholder and Management<\/h2>\r\n<p>Who are the key shareholders behind the scenes? And which individuals are responsible for the operational management of the P2P platform? Let&#8217;s take a closer look in the following sections of my Afranga review.<\/p>\r\n<h3><span style=\"color: #000000;\"><strong>Afranga Shareholder<\/strong><\/span><\/h3>\r\n<p>Who owns Afranga? The P2P platform is officially operated by the Bulgarian company &#8220;Afranga EOOD.&#8221; A look into the <a href=\"https:\/\/papagal.bg\/eik\/206337510\/469c\" target=\"_blank\" rel=\"noopener\"><strong>Bulgarian company register<\/strong><\/a> reveals that Svetlin Nikolov Sabev, CEO and founder of Afranga, is also the sole shareholder of the platform.<\/p>\r\n<p><a href=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Gesellschafter-Afranga-Review-Ownership-Afranga-Opiniones-Propiedad-Afranga-Avis-Possession.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-28247 lazyload\" data-src=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Gesellschafter-Afranga-Review-Ownership-Afranga-Opiniones-Propiedad-Afranga-Avis-Possession.png\" alt=\"Afranga-Review-Ownership\" width=\"1500\" height=\"491\" data-srcset=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Gesellschafter-Afranga-Review-Ownership-Afranga-Opiniones-Propiedad-Afranga-Avis-Possession.png 1500w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Gesellschafter-Afranga-Review-Ownership-Afranga-Opiniones-Propiedad-Afranga-Avis-Possession-300x98.png 300w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Gesellschafter-Afranga-Review-Ownership-Afranga-Opiniones-Propiedad-Afranga-Avis-Possession-1024x335.png 1024w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Gesellschafter-Afranga-Review-Ownership-Afranga-Opiniones-Propiedad-Afranga-Avis-Possession-768x251.png 768w\" data-sizes=\"(max-width: 1500px) 100vw, 1500px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 1500px; --smush-placeholder-aspect-ratio: 1500\/491;\" \/><noscript><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-28247\" src=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Gesellschafter-Afranga-Review-Ownership-Afranga-Opiniones-Propiedad-Afranga-Avis-Possession.png\" alt=\"Afranga-Review-Ownership\" width=\"1500\" height=\"491\" srcset=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Gesellschafter-Afranga-Review-Ownership-Afranga-Opiniones-Propiedad-Afranga-Avis-Possession.png 1500w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Gesellschafter-Afranga-Review-Ownership-Afranga-Opiniones-Propiedad-Afranga-Avis-Possession-300x98.png 300w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Gesellschafter-Afranga-Review-Ownership-Afranga-Opiniones-Propiedad-Afranga-Avis-Possession-1024x335.png 1024w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Gesellschafter-Afranga-Review-Ownership-Afranga-Opiniones-Propiedad-Afranga-Avis-Possession-768x251.png 768w\" sizes=\"(max-width: 1500px) 100vw, 1500px\" \/><\/noscript><\/a><\/p>\r\n<p>He is an experienced entrepreneur in the fintech sector who, among other things, has been working for Stik-Credit since 2018 and also co-founded Lendivo, the first new loan originator on Afranga.<\/p>\r\n<h3><span style=\"color: #000000;\"><strong>Afranga Management<\/strong><\/span><\/h3>\r\n<p>Here is a list of the key individuals leading Afranga\u2019s operational management:<\/p>\r\n<ul>\r\n<li><strong>Svetlin Sabev<\/strong>: A fintech entrepreneur with over a decade of experience in consumer finance. He is the COO of Stikcredit as well as the CEO and visionary behind Afranga.<\/li>\r\n<li><strong>Ivaylo Ivanov:<\/strong> With Afranga since November 2024. Initially as Strategic Advisor, Co-CEO since March 2026. Previously co-founder and CEO of the P2P platform Iuvo.<\/li>\r\n<li><strong style=\"font-size: 1.125rem;\">Yonko Chuklev<\/strong><span style=\"font-size: 1.125rem;\">: A senior executive specializing in compliance and finance. He brings more than 15 years of experience in corporate management, legal oversight, and financial administration.<\/span><\/li>\r\n<\/ul>\r\n<hr \/>\r\n<h2>Sign Up and Bonus<\/h2>\r\n<p>To register on Afranga, the following requirements must be met:<\/p>\r\n<ul>\r\n<li>Minimum age of 18 years<\/li>\r\n<li>Citizenship or residence in the European Economic Area (EEA)<\/li>\r\n<li>Citizenship or residence in Switzerland<\/li>\r\n<\/ul>\r\n<p>The registration process is simple and intuitive. After opening an account using an email address, users must complete questionnaires for KYC (Know Your Customer) and AML (Anti-Money Laundering). This is followed by identity verification and providing the tax residency information.<\/p>\r\n<p>Legal entities also have the option to register with Afranga. In this case, the company must be based in the EEA or Switzerland.<\/p>\r\n<h3>Afranga Bonus<\/h3>\r\n<p data-pm-slice=\"1 1 []\">\r\n<p data-pm-slice=\"1 1 []\"><span style=\"color: #000000;\">A platform overview with all bonus offers and cashback promotions can be found on the <a href=\"https:\/\/rethink-p2p.de\/en\/bonus\/\" target=\"_blank\" rel=\"noopener\"><strong>bonus page<\/strong><\/a>.<\/span><\/p>\r\n<hr \/>\r\n<h2><strong>Investing on Afranga<\/strong><\/h2>\r\n<p data-pm-slice=\"1 1 []\">How does investing on Afranga work? What should you know, and what should you potentially watch out for? In the following sections, you\u2019ll find a concise overview with all the essential information.<\/p>\r\n<h3><span style=\"color: #000000;\"><strong>Loan Offering<\/strong><\/span><\/h3>\r\n<p>In 2025, Afranga completed its transformation into a P2P marketplace. This means that loans are no longer funded solely by Stik Credit but also by external lenders. Below is a brief overview of the current loan originators on Afranga:<\/p>\r\n<ul>\r\n<li><strong>Stik Credit: <\/strong>The Bulgarian lender is the unofficial mastermind behind Afranga. Founded in 2013 in Bulgaria, it is supervised by the Bulgarian National Bank. Since its inception, Stik Credit has established a sustainable and profitable business model in unsecured consumer loans, with more than EUR 30 million in loans financed. Loans on Afranga are offered with interest rates between 14% and 16%, with terms up to 36 months.<\/li>\r\n<li><strong style=\"font-size: 1.125rem;\">Lendivo: <\/strong>Also based in Bulgaria, Lendivo was founded in April 2024 by a team from the Stik Credit group. Afranga\u2019s CEO, Svetlin Sabev, was also involved as a co-founder. The fintech\u2019s business model involves issuing installment loans of up to EUR 500 with terms of up to 30 days. On Afranga, these loans are offered with interest rates up to 11%.<\/li>\r\n<li><strong style=\"font-size: 1.125rem;\">Swiss Funds: <\/strong>This Czech lender, founded in 2022, specializes in short-term consumer loans. On Afranga, these loans carry an average interest rate of 11%, with terms up to 18 months. The fintech company is licensed and supervised by the Czech National Bank and belongs to Orka Ventures Ltd, a holding company with lending businesses across Europe.<\/li>\r\n<li><strong>Credirect:<\/strong> The third lender from Bulgaria was founded in 2017 and is part of the international financial group MV Finance LTD. Credirect offers short-term loans (payday loans) of up to EUR 700 as well as installment loans of up to EUR 5,100. On Afranga, the loans are offered with an average interest rate of 11%.<\/li>\r\n<li><strong>Lev Credit:<\/strong> Founded in 2019, Lev Credit is the fourth Afranga lender from Bulgaria. The non-bank financial institution, which is licensed in Bulgaria, provides both short-term and installment loans of up to EUR 2,500, as well as secured consumer and business loans of up to EUR 50,000. On Afranga, the loans are offered with interest rates of 8% to 12%, with terms ranging from 12 to 60 months.<\/li>\r\n<\/ul>\r\n<p data-pm-slice=\"1 1 []\"><a style=\"font-size: 1.125rem;\" href=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-P2P-Kredite-Afranga-Review-P2P-Loans-Afranga-Opiniones-Prestamos-P2P-Afranga-Avis-2025.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-28479 lazyload\" data-src=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-P2P-Kredite-Afranga-Review-P2P-Loans-Afranga-Opiniones-Prestamos-P2P-Afranga-Avis-2025.png\" alt=\"Afranga-Review-P2P-Loans\" width=\"1400\" height=\"304\" data-srcset=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-P2P-Kredite-Afranga-Review-P2P-Loans-Afranga-Opiniones-Prestamos-P2P-Afranga-Avis-2025.png 1400w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-P2P-Kredite-Afranga-Review-P2P-Loans-Afranga-Opiniones-Prestamos-P2P-Afranga-Avis-2025-300x65.png 300w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-P2P-Kredite-Afranga-Review-P2P-Loans-Afranga-Opiniones-Prestamos-P2P-Afranga-Avis-2025-1024x222.png 1024w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-P2P-Kredite-Afranga-Review-P2P-Loans-Afranga-Opiniones-Prestamos-P2P-Afranga-Avis-2025-768x167.png 768w\" data-sizes=\"(max-width: 1400px) 100vw, 1400px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 1400px; --smush-placeholder-aspect-ratio: 1400\/304;\" \/><noscript><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-28479\" src=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-P2P-Kredite-Afranga-Review-P2P-Loans-Afranga-Opiniones-Prestamos-P2P-Afranga-Avis-2025.png\" alt=\"Afranga-Review-P2P-Loans\" width=\"1400\" height=\"304\" srcset=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-P2P-Kredite-Afranga-Review-P2P-Loans-Afranga-Opiniones-Prestamos-P2P-Afranga-Avis-2025.png 1400w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-P2P-Kredite-Afranga-Review-P2P-Loans-Afranga-Opiniones-Prestamos-P2P-Afranga-Avis-2025-300x65.png 300w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-P2P-Kredite-Afranga-Review-P2P-Loans-Afranga-Opiniones-Prestamos-P2P-Afranga-Avis-2025-1024x222.png 1024w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-P2P-Kredite-Afranga-Review-P2P-Loans-Afranga-Opiniones-Prestamos-P2P-Afranga-Avis-2025-768x167.png 768w\" sizes=\"(max-width: 1400px) 100vw, 1400px\" \/><\/noscript><\/a><\/p>\r\n<h3>SaveSmart<\/h3>\r\n<p><a href=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2026\/08\/Afranga-Erfahrungen-SaveSmart-Afranga-Review-SaveSmart-Afranga-Opiniones-Afranga-Avis.png\"><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-37521 alignleft lazyload\" data-src=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2026\/08\/Afranga-Erfahrungen-SaveSmart-Afranga-Review-SaveSmart-Afranga-Opiniones-Afranga-Avis.png\" alt=\"Afranga-Review-SaveSmart\" width=\"500\" height=\"771\" data-srcset=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2026\/08\/Afranga-Erfahrungen-SaveSmart-Afranga-Review-SaveSmart-Afranga-Opiniones-Afranga-Avis.png 500w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2026\/08\/Afranga-Erfahrungen-SaveSmart-Afranga-Review-SaveSmart-Afranga-Opiniones-Afranga-Avis-195x300.png 195w\" data-sizes=\"(max-width: 500px) 100vw, 500px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 500px; --smush-placeholder-aspect-ratio: 500\/771;\" \/><noscript><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-37521 alignleft\" src=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2026\/08\/Afranga-Erfahrungen-SaveSmart-Afranga-Review-SaveSmart-Afranga-Opiniones-Afranga-Avis.png\" alt=\"Afranga-Review-SaveSmart\" width=\"500\" height=\"771\" srcset=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2026\/08\/Afranga-Erfahrungen-SaveSmart-Afranga-Review-SaveSmart-Afranga-Opiniones-Afranga-Avis.png 500w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2026\/08\/Afranga-Erfahrungen-SaveSmart-Afranga-Review-SaveSmart-Afranga-Opiniones-Afranga-Avis-195x300.png 195w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/noscript><\/a>SaveSmart is Afranga&#8217;s fixed-income investment product, comparable to the Vaults offered by <a href=\"https:\/\/rethink-p2p.de\/en\/monefit-smartsaver-review\/\" target=\"_blank\" rel=\"noopener\"><strong>Monefit SmartSaver<\/strong><\/a>.<\/p>\r\n<p>Investors can choose fixed terms of 3, 6, or 12 months, each with its own interest rate. SaveSmart invests in business loans issued by the loan originator Stikcredit. At the end of the selected term, investors receive their principal together with the accrued interest.<\/p>\r\n<p>Since August 2026, investors have been able to withdraw their funds from SaveSmart before maturity. Early withdrawals are limited to 30% of the investment, up to a maximum of \u20ac5,000. In addition, withdrawals of up to \u20ac100 can be made without any deduction.<\/p>\r\n<p>To provide this additional liquidity, Afranga charges a 1% fee on the amount withdrawn early.<\/p>\r\n<h3><span style=\"color: #000000;\"><strong>Costs and Fees<\/strong><\/span><\/h3>\r\n<p data-start=\"0\" data-end=\"208\">Afranga charges a 1% fee for early withdrawals from SaveSmart. Apart from that, the platform does not charge any additional fees to investors. There are no account maintenance fees, deposit or withdrawal fees, or fees for investing on the Primary Market.<\/p>\r\n<h3><span style=\"color: #000000;\"><strong>Expected Returns<\/strong><\/span><\/h3>\r\n<p>What returns can investors realistically expect on Afranga? Stik Credit typically offers interest rates between 14% and 16%, which is a few percentage points above the market average. The platform itself quotes an average return of 15.6%.<\/p>\r\n<p>For the newer, externally added lenders, interest rates are somewhat lower, ranging from 10% to 12%.<\/p>\r\n<p>Besides the interest rate, the key factors affecting the achievable return are the portfolio quality and the regularity of repayments from the loan originators. So far, no defaults have been reported, which means Afranga offers a very attractive return profile relative to the underlying risk.<\/p>\r\n<p><strong style=\"color: #000000; font-size: 1.125rem;\">Buyback Guarantee<\/strong><\/p>\r\n<div class=\"relative flex-col gap-1 md:gap-3\">\r\n<div class=\"flex max-w-full flex-col grow\">\r\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal [.text-message+&amp;]:mt-5\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"2ff4e1bb-86e3-4363-ac43-b5f5b64577f4\" data-message-model-slug=\"gpt-4o\">\r\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[3px]\">\r\n<div class=\"markdown prose dark:prose-invert w-full break-words light\">\r\n<p data-start=\"0\" data-end=\"225\">Under the ESCP regulation, Afranga has shifted from consumer loan claims to corporate loans. These are direct loans granted by investors to the lending companies and are secured by the entire assets of the respective company.<\/p>\r\n<p data-start=\"0\" data-end=\"674\" data-is-last-node=\"\" data-is-only-node=\"\"><a href=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Ruckkaufgarantie-Afranga-Review-Buyback-Guarantee-Afranga-Opiniones-Garantia-Afranga-Avis-Garantie.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-28574 lazyload\" data-src=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Ruckkaufgarantie-Afranga-Review-Buyback-Guarantee-Afranga-Opiniones-Garantia-Afranga-Avis-Garantie.png\" alt=\"Afranga-Review-Buyback-Guarantee\" width=\"900\" height=\"238\" data-srcset=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Ruckkaufgarantie-Afranga-Review-Buyback-Guarantee-Afranga-Opiniones-Garantia-Afranga-Avis-Garantie.png 900w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Ruckkaufgarantie-Afranga-Review-Buyback-Guarantee-Afranga-Opiniones-Garantia-Afranga-Avis-Garantie-300x79.png 300w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Ruckkaufgarantie-Afranga-Review-Buyback-Guarantee-Afranga-Opiniones-Garantia-Afranga-Avis-Garantie-768x203.png 768w\" data-sizes=\"(max-width: 900px) 100vw, 900px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 900px; --smush-placeholder-aspect-ratio: 900\/238;\" \/><noscript><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-28574\" src=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Ruckkaufgarantie-Afranga-Review-Buyback-Guarantee-Afranga-Opiniones-Garantia-Afranga-Avis-Garantie.png\" alt=\"Afranga-Review-Buyback-Guarantee\" width=\"900\" height=\"238\" srcset=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Ruckkaufgarantie-Afranga-Review-Buyback-Guarantee-Afranga-Opiniones-Garantia-Afranga-Avis-Garantie.png 900w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Ruckkaufgarantie-Afranga-Review-Buyback-Guarantee-Afranga-Opiniones-Garantia-Afranga-Avis-Garantie-300x79.png 300w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Ruckkaufgarantie-Afranga-Review-Buyback-Guarantee-Afranga-Opiniones-Garantia-Afranga-Avis-Garantie-768x203.png 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/noscript><\/a><\/p>\r\n<p data-start=\"227\" data-end=\"342\">In clear terms, this means the lending companies are fully responsible for repaying the loan with all their assets.<\/p>\r\n<p data-start=\"344\" data-end=\"507\" data-is-last-node=\"\" data-is-only-node=\"\">For this reason, the terms of the corporate loans are significantly longer (18 to 36 months) compared to the financed consumer loans, which only last a few months.<\/p>\r\n<\/div>\r\n<h3><span style=\"color: #000000;\">Secondary Market<\/span><\/h3>\r\n<p dir=\"ltr\">In August 2026, Afranga launched a secondary market. For the first time, investors can now trade loan parts among themselves.<\/p>\r\n<p dir=\"ltr\"><a href=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2026\/08\/Afranga-Erfahrungen-Sekundarmarkt-Afranga-Review-Secondary-Market-Afranga-Opiniones-Mercado-Secundario-Afranga-Avis-Marche-Secondaire.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-38049 lazyload\" data-src=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2026\/08\/Afranga-Erfahrungen-Sekundarmarkt-Afranga-Review-Secondary-Market-Afranga-Opiniones-Mercado-Secundario-Afranga-Avis-Marche-Secondaire.png\" alt=\"Afranga-Review-Secondary-Market\" width=\"1200\" height=\"498\" data-srcset=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2026\/08\/Afranga-Erfahrungen-Sekundarmarkt-Afranga-Review-Secondary-Market-Afranga-Opiniones-Mercado-Secundario-Afranga-Avis-Marche-Secondaire.png 1200w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2026\/08\/Afranga-Erfahrungen-Sekundarmarkt-Afranga-Review-Secondary-Market-Afranga-Opiniones-Mercado-Secundario-Afranga-Avis-Marche-Secondaire-300x125.png 300w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2026\/08\/Afranga-Erfahrungen-Sekundarmarkt-Afranga-Review-Secondary-Market-Afranga-Opiniones-Mercado-Secundario-Afranga-Avis-Marche-Secondaire-1024x425.png 1024w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2026\/08\/Afranga-Erfahrungen-Sekundarmarkt-Afranga-Review-Secondary-Market-Afranga-Opiniones-Mercado-Secundario-Afranga-Avis-Marche-Secondaire-768x319.png 768w\" data-sizes=\"(max-width: 1200px) 100vw, 1200px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 1200px; --smush-placeholder-aspect-ratio: 1200\/498;\" \/><noscript><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-38049\" src=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2026\/08\/Afranga-Erfahrungen-Sekundarmarkt-Afranga-Review-Secondary-Market-Afranga-Opiniones-Mercado-Secundario-Afranga-Avis-Marche-Secondaire.png\" alt=\"Afranga-Review-Secondary-Market\" width=\"1200\" height=\"498\" srcset=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2026\/08\/Afranga-Erfahrungen-Sekundarmarkt-Afranga-Review-Secondary-Market-Afranga-Opiniones-Mercado-Secundario-Afranga-Avis-Marche-Secondaire.png 1200w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2026\/08\/Afranga-Erfahrungen-Sekundarmarkt-Afranga-Review-Secondary-Market-Afranga-Opiniones-Mercado-Secundario-Afranga-Avis-Marche-Secondaire-300x125.png 300w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2026\/08\/Afranga-Erfahrungen-Sekundarmarkt-Afranga-Review-Secondary-Market-Afranga-Opiniones-Mercado-Secundario-Afranga-Avis-Marche-Secondaire-1024x425.png 1024w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2026\/08\/Afranga-Erfahrungen-Sekundarmarkt-Afranga-Review-Secondary-Market-Afranga-Opiniones-Mercado-Secundario-Afranga-Avis-Marche-Secondaire-768x319.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/noscript><\/a><\/p>\r\n<p dir=\"ltr\">The key terms at a glance: Loans can be sold at a premium or discount of up to 15%. If the loan part being sold is worth less than 100 euros, it can only be sold in full. According to Afranga, no fees apply to either buying or selling. In addition, interest accrued up to the point of sale remains with the seller and is only paid out with the borrower&#8217;s next repayment.<\/p>\r\n<hr \/>\r\n<h2><strong>Afranga Taxes<\/strong><\/h2>\r\n<p data-start=\"0\" data-end=\"129\">Interest income earned from loan financing is generally considered capital gains and must be declared as such in your tax return.<\/p>\r\n<p data-start=\"131\" data-end=\"424\">Investors should also note that interest earnings from investments through Afranga are usually subject to withholding tax. The withholding tax rates vary depending on the country where the lending company is based. For example, loans from Bulgaria are subject to a withholding tax rate of 10%<\/p>\r\n<p data-start=\"0\" data-end=\"180\"><a href=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Steuern-Afranga-Review-Taxation-Afranga-Opiniones-Impuestos-Afranga-Avis-Impots.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-28462 lazyload\" data-src=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Steuern-Afranga-Review-Taxation-Afranga-Opiniones-Impuestos-Afranga-Avis-Impots.png\" alt=\"Afranga-Review-Taxation\" width=\"902\" height=\"268\" data-srcset=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Steuern-Afranga-Review-Taxation-Afranga-Opiniones-Impuestos-Afranga-Avis-Impots.png 902w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Steuern-Afranga-Review-Taxation-Afranga-Opiniones-Impuestos-Afranga-Avis-Impots-300x89.png 300w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Steuern-Afranga-Review-Taxation-Afranga-Opiniones-Impuestos-Afranga-Avis-Impots-768x228.png 768w\" data-sizes=\"(max-width: 902px) 100vw, 902px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 902px; --smush-placeholder-aspect-ratio: 902\/268;\" \/><noscript><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-28462\" src=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Steuern-Afranga-Review-Taxation-Afranga-Opiniones-Impuestos-Afranga-Avis-Impots.png\" alt=\"Afranga-Review-Taxation\" width=\"902\" height=\"268\" srcset=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Steuern-Afranga-Review-Taxation-Afranga-Opiniones-Impuestos-Afranga-Avis-Impots.png 902w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Steuern-Afranga-Review-Taxation-Afranga-Opiniones-Impuestos-Afranga-Avis-Impots-300x89.png 300w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Steuern-Afranga-Review-Taxation-Afranga-Opiniones-Impuestos-Afranga-Avis-Impots-768x228.png 768w\" sizes=\"(max-width: 902px) 100vw, 902px\" \/><\/noscript><\/a><\/p>\r\n<p data-start=\"426\" data-end=\"670\">The applicable tax rate is automatically applied based on the lender\u2019s country of origin. Therefore, the amount paid out corresponds to the net interest. Investors can view both the gross and net interest rates in the loan\u2019s repayment schedule.<\/p>\r\n<p data-start=\"672\" data-end=\"803\" data-is-last-node=\"\" data-is-only-node=\"\">Through the main menu (Settings &gt; Tax Certificates), investors can download their tax certificates for all previous calendar years.<\/p>\r\n<hr \/>\r\n<h2>Afranga Risks<\/h2>\r\n<p>Investors should take a close look at the potential risk factors when evaluating a P2P lending platform and consider them carefully before making an investment. What risks should one expect with Afranga, and how should they be assessed?<\/p>\r\n<h3>Platform Risk<\/h3>\r\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\">The Afranga platform, operated by the Bulgarian company &#8220;Afranga EOOD&#8221;, launched its operations in February 2021. In its domestic market, the platform is supervised and monitored by the Bulgarian financial supervisory authority (Financial Supervision Commission, FSC).<\/p>\r\n<div class=\"ss-box\">\n  <div class=\"ss-head\">\n    <div class=\"ss-head-left\">\n      <div class=\"ss-title\">Safety Score<\/div>\n      <div class=\"ss-rank\">Rank 8 of 31<\/div>\n    <\/div>\n    <div class=\"ss-head-right\">\n      <span class=\"ss-score\" style=\"color:#EF9F27\">6.4<\/span>\n      <span class=\"ss-of10\">\/ 10<\/span>\n      <span class=\"ss-pill ss-pill--mid\">Medium Risk<\/span>\n    <\/div>\n  <\/div>\n  <div class=\"ss-cats\">\n    <div class=\"ss-cat\">\n      <span class=\"ss-cat-name\">Regulation and Licensing<\/span>\n      <div class=\"ss-cat-bar\"><div class=\"ss-bar--g\" style=\"width:100%\"><\/div><\/div>\n      <span class=\"ss-cat-pts\">15 \/ 15<\/span>\n    <\/div>\n    <div class=\"ss-cat\">\n      <span class=\"ss-cat-name\">Financial Stability<\/span>\n      <div class=\"ss-cat-bar\"><\/div>\n      <span class=\"ss-cat-pts\">0 \/ 20<\/span>\n    <\/div>\n    <div class=\"ss-cat\">\n      <span class=\"ss-cat-name\">Transparency and Disclosure<\/span>\n      <div class=\"ss-cat-bar\"><div class=\"ss-bar--y\" style=\"width:67%\"><\/div><\/div>\n      <span class=\"ss-cat-pts\">10 \/ 15<\/span>\n    <\/div>\n    <div class=\"ss-cat\">\n      <span class=\"ss-cat-name\">Loan Portfolio and Investor Losses<\/span>\n      <div class=\"ss-cat-bar\"><div class=\"ss-bar--g\" style=\"width:100%\"><\/div><\/div>\n      <span class=\"ss-cat-pts\">25 \/ 25<\/span>\n    <\/div>\n    <div class=\"ss-cat\">\n      <span class=\"ss-cat-name\">Track Record and Crisis Behaviour<\/span>\n      <div class=\"ss-cat-bar\"><div class=\"ss-bar--y\" style=\"width:56%\"><\/div><\/div>\n      <span class=\"ss-cat-pts\">14 \/ 25<\/span>\n    <\/div>\n  <\/div>\n  <details class=\"ss-rf\">\n    <summary class=\"ss-rf-toggle\">\n      <span class=\"ss-rf-toggle-label\">Red Flags <span class=\"ss-rf-badge ss-rf-badge--ok\">0<\/span><\/span>\n      <span class=\"ss-rf-chevron\"><\/span>\n    <\/summary>\n    <div class=\"ss-rf-body\">\n      <p class=\"ss-rf-none\">No Red Flags present.<\/p>\n    <\/div>\n  <\/details>\n  <div class=\"ss-note\">\n    The Safety Score assesses platform risk only. Lender risks and country-specific risks are not covered and must be evaluated separately.  <\/div>\n  <div class=\"ss-foot\">\n    <a class=\"ss-link\" href=\"https:\/\/rethink-p2p.de\/en\/p2p-platform-risk\/\" target=\"_blank\" rel=\"noopener noreferrer\">View full methodology &rarr;<\/a>\n  <\/div>\n<\/div>\n\r\n<h4 class=\"text-text-100 mt-2 -mb-1 text-base font-bold\">Regulation and Licence<\/h4>\r\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\">In September 2023, the Bulgarian financial supervisory authority approved the licence allowing Afranga to operate as a service provider under the European Crowdfunding Regulation (ECSP). This enables the platform to offer its services across the EU under a unified regulatory framework, without requiring a separate authorisation in each member state.<\/p>\r\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\">Unlike MiFID II-regulated platforms, investors have no entitlement to compensation through an investor compensation scheme. Loan defaults or a potential insolvency of loan originators are also not covered by the regulation.<\/p>\r\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\">The ECSP regulation does, however, prohibit platforms from listing projects connected to affiliated companies or insiders. Through its regulatory status, Afranga is also required to meet a high standard of compliance and transparency, including the publication of audited financial reports.<\/p>\r\n<h4 class=\"text-text-100 mt-2 -mb-1 text-base font-bold\">Segregation of Funds and Deposit Protection<\/h4>\r\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\">The ECSP licence requires Afranga to maintain a strict separation between investor funds and the company&#8217;s own operating funds. For this purpose, the platform works with Lemonway, which provides individual IBAN accounts for investors. This means that in the event of Afranga ceasing operations, investors retain access to their funds and loan repayments can continue in an orderly manner.<\/p>\r\n<p><a href=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Risiko-Afranga-Review-Risk-Afranga-Opiniones-Riesgo-Afranga-Avis-Risque.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-28578 lazyload\" data-src=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Risiko-Afranga-Review-Risk-Afranga-Opiniones-Riesgo-Afranga-Avis-Risque.png\" alt=\"Afranga-Review-Risk\" width=\"1000\" height=\"234\" data-srcset=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Risiko-Afranga-Review-Risk-Afranga-Opiniones-Riesgo-Afranga-Avis-Risque.png 1000w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Risiko-Afranga-Review-Risk-Afranga-Opiniones-Riesgo-Afranga-Avis-Risque-300x70.png 300w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Risiko-Afranga-Review-Risk-Afranga-Opiniones-Riesgo-Afranga-Avis-Risque-768x180.png 768w\" data-sizes=\"(max-width: 1000px) 100vw, 1000px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 1000px; --smush-placeholder-aspect-ratio: 1000\/234;\" \/><noscript><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-28578\" src=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Risiko-Afranga-Review-Risk-Afranga-Opiniones-Riesgo-Afranga-Avis-Risque.png\" alt=\"Afranga-Review-Risk\" width=\"1000\" height=\"234\" srcset=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Risiko-Afranga-Review-Risk-Afranga-Opiniones-Riesgo-Afranga-Avis-Risque.png 1000w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Risiko-Afranga-Review-Risk-Afranga-Opiniones-Riesgo-Afranga-Avis-Risque-300x70.png 300w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Risiko-Afranga-Review-Risk-Afranga-Opiniones-Riesgo-Afranga-Avis-Risque-768x180.png 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/noscript><\/a><\/p>\r\n<p class=\"font-claude-response-body break-words whitespace-normal leading-[1.7]\">Investments offered through Afranga are not covered by a national or European deposit guarantee scheme. Investors should therefore be aware that invested capital is subject to a loss of capital, that returns are not guaranteed and that it may not be possible to recover the full amount invested.<\/p>\r\n<hr \/>\r\n<h3>Financial Stability<\/h3>\r\n<p>The financial stability of a P2P platform is a key risk factor. Is Afranga already able to operate profitably? And what conclusions can be drawn from the balance sheet?<\/p>\r\n\t<div class=\"rtp-quellenbox\">\n\t\t<div class=\"rtp-grid\">\n\n\t\t\t\t\t\t<div class=\"rtp-col\">\n\t\t\t\t<div class=\"rtp-icon rtp-blue\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"18\" height=\"18\" viewBox=\"0 0 24 24\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M12 17V3\"\/><path d=\"m6 11 6 6 6-6\"\/><path d=\"M19 21H5\"\/><\/svg><\/div>\n\t\t\t\t<div class=\"rtp-content\">\n\t\t\t\t\t<p class=\"rtp-label\">Annual Report<\/p>\n\t\t\t\t\t<p class=\"rtp-desc\">No financial statement is published for investors.<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t<div class=\"rtp-vdivider\"><\/div>\n\n\t\t\t<div class=\"rtp-col\">\n\t\t\t\t<div class=\"rtp-icon rtp-red\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"18\" height=\"18\" viewBox=\"0 0 24 24\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><circle cx=\"12\" cy=\"12\" r=\"10\"\/><path d=\"m15 9-6 6\"\/><path d=\"m9 9 6 6\"\/><\/svg><\/div>\n\t\t\t\t<div class=\"rtp-content\">\n\t\t\t\t\t<p class=\"rtp-label\">Auditor: Not Available<\/p>\n\t\t\t\t\t<p class=\"rtp-desc\">No external audit firm engaged.<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t\t\t<div class=\"rtp-vdivider\"><\/div>\n\n\t\t\t<div class=\"rtp-col\">\n\t\t\t\t<div class=\"rtp-icon rtp-red\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"18\" height=\"18\" viewBox=\"0 0 24 24\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><circle cx=\"12\" cy=\"12\" r=\"10\"\/><path d=\"m15 9-6 6\"\/><path d=\"m9 9 6 6\"\/><\/svg><\/div>\n\t\t\t\t<div class=\"rtp-content\">\n\t\t\t\t\t<p class=\"rtp-label\">Standard: Not Available<\/p>\n\t\t\t\t\t<p class=\"rtp-desc\">No audited financial statement available.<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<style>\n\t.rtp-quellenbox {\n\t\tbackground: #F8F8F6;\n\t\tborder: 1px solid #e5e5e5;\n\t\tborder-radius: 12px;\n\t\tpadding: 20px 24px;\n\t\twidth: 100%;\n\t\tbox-sizing: border-box;\n\t\tfont-family: -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, sans-serif;\n\t\tmargin: 1.5rem 0;\n\t\tbox-shadow: 0 2px 8px rgba(0, 0, 0, 0.06);\n\t}\n\t.rtp-grid {\n\t\tdisplay: flex;\n\t\talign-items: stretch;\n\t}\n\t.rtp-col {\n\t\tdisplay: flex;\n\t\talign-items: flex-start;\n\t\tgap: 12px;\n\t\tflex: 1;\n\t\tpadding: 0 20px;\n\t}\n\t.rtp-col .rtp-content {\n\t\tpadding-top: 0;\n\t\tmargin-top: 0;\n\t}\n\t.rtp-col .rtp-content p:first-child,\n\t.rtp-col .rtp-content a:first-child {\n\t\tmargin-top: 0;\n\t\tpadding-top: 0;\n\t}\n\t.rtp-col:first-child { padding-left: 0; }\n\t.rtp-col:last-child  { padding-right: 0; }\n\t.rtp-vdivider {\n\t\twidth: 1px;\n\t\tbackground: #e5e5e5;\n\t\tflex-shrink: 0;\n\t}\n\t.rtp-icon {\n\t\twidth: 36px;\n\t\theight: 36px;\n\t\tborder-radius: 8px;\n\t\tdisplay: flex;\n\t\talign-items: center;\n\t\tjustify-content: center;\n\t\tflex-shrink: 0;\n\t\talign-self: flex-start;\n\t}\n\t.rtp-blue   { background: #E6F1FB; color: #185FA5; }\n\t.rtp-green  { background: #C0DD97; color: #27500A; }\n\t.rtp-yellow { background: #FAEEDA; color: #854F0B; }\n\t.rtp-red    { background: #FCEBEB; color: #A32D2D; }\n\t.rtp-gray   { background: #F1EFE8; color: #5F5E5A; }\n\t.rtp-quellenbox .rtp-label {\n\t\tfont-size: 13px;\n\t\tfont-weight: 600;\n\t\tcolor: #111111;\n\t\tmargin: 0 0 3px 0 !important;\n\t\tpadding: 0 !important;\n\t\tline-height: 1.4;\n\t}\n\t.rtp-quellenbox .rtp-desc {\n\t\tfont-size: 12px;\n\t\tcolor: #666666;\n\t\tmargin: 0;\n\t\tline-height: 1.4;\n\t\tmargin-top: 3px;\n\t}\n\t.rtp-quellenbox .rtp-link {\n\t\tfont-size: 12px;\n\t\tfont-weight: 500;\n\t\tcolor: #185FA5;\n\t\ttext-decoration: none;\n\t\tdisplay: inline-block;\n\t\tline-height: 1.4;\n\t}\n\t.rtp-quellenbox .rtp-link:hover { text-decoration: underline; }\n\n\t\/* Mobile: untereinander *\/\n\t@media (max-width: 640px) {\n\t\t.rtp-grid        { flex-direction: column; gap: 12px; }\n\t\t.rtp-col         { padding: 0; }\n\t\t.rtp-vdivider    { width: 100%; height: 1px; }\n\t}\n\t<\/style>\n\t\r\n<p>Afranga aims to become profitable and reach the breakeven point by the end of 2025 or during the first half of 2026. Since the platform only began operating under the ECSP regulation at the start of 2025, there are currently no annual financial statements available.<\/p>\r\n<h4><span style=\"color: #000000;\"><strong>Profitability<\/strong><\/span><\/h4>\r\n<p>Because the P2P platform is still heavily controlled in the background by Stik Credit, it is worthwhile for investors to take a closer look at the financial metrics of that company instead.<\/p>\r\n<p><a style=\"font-size: 1.125rem;\" href=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Profitabilitat-Afranga-Review-Profitability-Afranga-Opiniones-Rentabilidad-Afranga-Avis-Rentabilite.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-28471 lazyload\" data-src=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Profitabilitat-Afranga-Review-Profitability-Afranga-Opiniones-Rentabilidad-Afranga-Avis-Rentabilite.png\" alt=\"Afranga-Review-Profitability\" width=\"2000\" height=\"988\" data-srcset=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Profitabilitat-Afranga-Review-Profitability-Afranga-Opiniones-Rentabilidad-Afranga-Avis-Rentabilite.png 2000w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Profitabilitat-Afranga-Review-Profitability-Afranga-Opiniones-Rentabilidad-Afranga-Avis-Rentabilite-300x148.png 300w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Profitabilitat-Afranga-Review-Profitability-Afranga-Opiniones-Rentabilidad-Afranga-Avis-Rentabilite-1024x506.png 1024w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Profitabilitat-Afranga-Review-Profitability-Afranga-Opiniones-Rentabilidad-Afranga-Avis-Rentabilite-768x379.png 768w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Profitabilitat-Afranga-Review-Profitability-Afranga-Opiniones-Rentabilidad-Afranga-Avis-Rentabilite-1536x759.png 1536w\" data-sizes=\"(max-width: 2000px) 100vw, 2000px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 2000px; --smush-placeholder-aspect-ratio: 2000\/988;\" \/><noscript><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-28471\" src=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Profitabilitat-Afranga-Review-Profitability-Afranga-Opiniones-Rentabilidad-Afranga-Avis-Rentabilite.png\" alt=\"Afranga-Review-Profitability\" width=\"2000\" height=\"988\" srcset=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Profitabilitat-Afranga-Review-Profitability-Afranga-Opiniones-Rentabilidad-Afranga-Avis-Rentabilite.png 2000w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Profitabilitat-Afranga-Review-Profitability-Afranga-Opiniones-Rentabilidad-Afranga-Avis-Rentabilite-300x148.png 300w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Profitabilitat-Afranga-Review-Profitability-Afranga-Opiniones-Rentabilidad-Afranga-Avis-Rentabilite-1024x506.png 1024w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Profitabilitat-Afranga-Review-Profitability-Afranga-Opiniones-Rentabilidad-Afranga-Avis-Rentabilite-768x379.png 768w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/07\/Afranga-Erfahrungen-Profitabilitat-Afranga-Review-Profitability-Afranga-Opiniones-Rentabilidad-Afranga-Avis-Rentabilite-1536x759.png 1536w\" sizes=\"(max-width: 2000px) 100vw, 2000px\" \/><\/noscript><\/a><\/p>\r\n<p>According to the 2024 financial figures, Stik Credit achieved a record profit of approximately EUR 3.5 million, thereby sustainably demonstrating the profitability of its business model.<\/p>\r\n<h4>Balance Sheet<\/h4>\r\n<p>The balance sheet of Stik Credit also looks very positive, indicating a financially healthy foundation for the company. The equity ratio stands at a strong 54%, the debt ratio at 0.85, and the liquidity ratio at 1.62.<\/p>\r\n<p>Important to note are the increasing impairments for written-off loans, which most recently amounted to the equivalent of EUR 5.1 million and thus made up about one-third of the entire loan portfolio.<\/p>\r\n<p><a href=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/08\/Afranga-Erfahrungen-Stik-Credit-Afranga-Review-Loan-Defaults-Afranga-Opiniones-Afranga-Avis.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-28808 lazyload\" data-src=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/08\/Afranga-Erfahrungen-Stik-Credit-Afranga-Review-Loan-Defaults-Afranga-Opiniones-Afranga-Avis.png\" alt=\"Afranga-Review-Loan-Defaults\" width=\"1000\" height=\"594\" data-srcset=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/08\/Afranga-Erfahrungen-Stik-Credit-Afranga-Review-Loan-Defaults-Afranga-Opiniones-Afranga-Avis.png 1000w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/08\/Afranga-Erfahrungen-Stik-Credit-Afranga-Review-Loan-Defaults-Afranga-Opiniones-Afranga-Avis-300x178.png 300w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/08\/Afranga-Erfahrungen-Stik-Credit-Afranga-Review-Loan-Defaults-Afranga-Opiniones-Afranga-Avis-768x456.png 768w\" data-sizes=\"(max-width: 1000px) 100vw, 1000px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 1000px; --smush-placeholder-aspect-ratio: 1000\/594;\" \/><noscript><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-28808\" src=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/08\/Afranga-Erfahrungen-Stik-Credit-Afranga-Review-Loan-Defaults-Afranga-Opiniones-Afranga-Avis.png\" alt=\"Afranga-Review-Loan-Defaults\" width=\"1000\" height=\"594\" srcset=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/08\/Afranga-Erfahrungen-Stik-Credit-Afranga-Review-Loan-Defaults-Afranga-Opiniones-Afranga-Avis.png 1000w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/08\/Afranga-Erfahrungen-Stik-Credit-Afranga-Review-Loan-Defaults-Afranga-Opiniones-Afranga-Avis-300x178.png 300w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/08\/Afranga-Erfahrungen-Stik-Credit-Afranga-Review-Loan-Defaults-Afranga-Opiniones-Afranga-Avis-768x456.png 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/noscript><\/a><\/p>\r\n<p>For comparison: in a conservatively managed consumer lending business, the default rate often falls within a range of 5% to 15%.<\/p>\r\n<p>A rate of over 30% either indicates a very high-risk loan portfolio with many non-performing loans or a conservative accounting policy in which high provisions are made to cover potential defaults.<\/p>\r\n<p><a href=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/08\/Afranga-Erfahrungen-P2P-Kredite-Afranga-Review-Defaults-Afranga-Opiniones-2025-Afranga-Avis.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-28812 lazyload\" data-src=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/08\/Afranga-Erfahrungen-P2P-Kredite-Afranga-Review-Defaults-Afranga-Opiniones-2025-Afranga-Avis.png\" alt=\"Afranga-Review-Defaults\" width=\"1000\" height=\"144\" data-srcset=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/08\/Afranga-Erfahrungen-P2P-Kredite-Afranga-Review-Defaults-Afranga-Opiniones-2025-Afranga-Avis.png 1000w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/08\/Afranga-Erfahrungen-P2P-Kredite-Afranga-Review-Defaults-Afranga-Opiniones-2025-Afranga-Avis-300x43.png 300w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/08\/Afranga-Erfahrungen-P2P-Kredite-Afranga-Review-Defaults-Afranga-Opiniones-2025-Afranga-Avis-768x111.png 768w\" data-sizes=\"(max-width: 1000px) 100vw, 1000px\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 1000px; --smush-placeholder-aspect-ratio: 1000\/144;\" \/><noscript><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-28812\" src=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/08\/Afranga-Erfahrungen-P2P-Kredite-Afranga-Review-Defaults-Afranga-Opiniones-2025-Afranga-Avis.png\" alt=\"Afranga-Review-Defaults\" width=\"1000\" height=\"144\" srcset=\"https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/08\/Afranga-Erfahrungen-P2P-Kredite-Afranga-Review-Defaults-Afranga-Opiniones-2025-Afranga-Avis.png 1000w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/08\/Afranga-Erfahrungen-P2P-Kredite-Afranga-Review-Defaults-Afranga-Opiniones-2025-Afranga-Avis-300x43.png 300w, https:\/\/rethink-p2p.de\/wp-content\/uploads\/2025\/08\/Afranga-Erfahrungen-P2P-Kredite-Afranga-Review-Defaults-Afranga-Opiniones-2025-Afranga-Avis-768x111.png 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/noscript><\/a><\/p>\r\n<p>According to Stikcredit, the increase is partly due to growth in the past year, with around 30% more loans being financed compared to 2023, and partly due to the changed loan structure, which may be attributable to a higher proportion of short-term or riskier loans, which in turn has led to higher provisions.<\/p>\r\n<hr \/>\r\n<h3>Lender Risk<\/h3>\r\n<p>Success on Afranga largely depends on the performance of its loan originators. So how does Afranga approach risk assessment in this regard?<\/p>\r\n<ul>\r\n<li><strong>Legal Review: <\/strong>Verification of licensing, registration, and country-specific legal compliance.<\/li>\r\n<li><strong style=\"font-size: 1.125rem;\">Reputation Check: <\/strong>Background checks on shareholders and key executives, including negative press screening as well as KYC\/AML evaluations.<\/li>\r\n<li><strong style=\"font-size: 1.125rem;\">Business Operations: <\/strong>Detailed analysis of the business model, management team, corporate governance, and internal control systems.<\/li>\r\n<li><strong style=\"font-size: 1.125rem;\">Financial Analysis: <\/strong>Review of key financial performance indicators, the quality of the loan portfolio, and the credibility of the external auditor.<\/li>\r\n<\/ul>\r\n<p>Following the assessment, financial covenants are defined. For example, the equity-to-debt ratio, interest coverage ratio (ICR), or liquidity reserves. In addition, loan originators are subject to ongoing monitoring (quarterly updates and random checks) to ensure a consistent level of creditworthiness.<\/p>\r\n<p>Regardless of Afranga&#8217;s due diligence, investors should review the annual financial statements of the respective loan originators, which are published on the P2P platform. Below is a tabular overview with the current financial figures of each loan originator. Check out the <a href=\"https:\/\/rethink-p2p.de\/en\/loan-originators\/\" target=\"_blank\" rel=\"noopener\"><strong>lender overview and comparison page<\/strong><\/a> for additional information regarding applied KPIs and their interpretation.<\/p>\r\n<figure class=\"wp-block-table is-style-regular has-small-font-size kg-wrap\"><table class=\"kg-table\"><thead><tr><th class=\"kg-sort\" data-col=\"0\"><strong>Lender<\/strong><\/th><th class=\"kg-sort\" data-col=\"1\"><strong>Year<\/strong><\/th><th class=\"kg-sort\" data-col=\"2\"><strong>Audited<\/strong><\/th><th class=\"kg-sort\" data-col=\"3\"><strong>Profit<\/strong><\/th><th class=\"kg-sort\" data-col=\"4\"><strong>ROA<\/strong><\/th><th class=\"kg-sort\" data-col=\"5\"><strong>Equity<\/strong><\/th><th class=\"kg-sort\" data-col=\"6\"><strong>Liquidity<\/strong><\/th><th class=\"kg-sort\" data-col=\"7\"><strong>Losses<\/strong><\/th><th class=\"kg-sort kg-desc\" data-col=\"8\"><strong>Score<\/strong><\/th><\/tr><\/thead><tbody><tr><td data-sort=\"stik credit bg\">Stik Credit (BG)<\/td><td data-sort=\"2025\"><strong><a href=\"https:\/\/afranga.com\/personal-doc-originator\/1000\/personalDoc_1000_1783326998_1.pdf?lang=en\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">2025<\/a><\/strong><\/td><td class=\"stabil\" data-sort=\"nexia\">Nexia<\/td><td class=\"stark\" data-sort=\"2251218\">EUR 2.3M<\/td><td class=\"stark\" data-sort=\"7.1\">7.1%<\/td><td class=\"stark\" data-sort=\"44.1\">44.1%<\/td><td class=\"stark\" data-sort=\"2.45\">2.45<\/td><td class=\"risiko\" data-sort=\"34.2\">34.2%<\/td><td class=\"stabil\" data-sort=\"81\">81<\/td><\/tr><tr><td data-sort=\"credirect bg\">Credirect (BG)<\/td><td data-sort=\"2025\"><strong><a href=\"https:\/\/afranga.com\/personal-doc-originator\/1003\/personalDoc_1003_1771859528_1.pdf?lang=en\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">2025<\/a><\/strong><\/td><td class=\"kritisch\" data-sort=\"unaudited\">Unaudited<\/td><td class=\"stark\" data-sort=\"3487522\">EUR 3.5M<\/td><td class=\"stark\" data-sort=\"52.6\">52.6%<\/td><td class=\"stark\" data-sort=\"91.3\">91.3%<\/td><td class=\"stark\" data-sort=\"11.3\">11.30<\/td><td class=\"kritisch\" data-sort=\"51.8\">51.8%<\/td><td class=\"mittel\" data-sort=\"64\">64<\/td><\/tr><tr><td data-sort=\"lendivo bg\">Lendivo (BG)<\/td><td data-sort=\"2025\"><strong><a href=\"https:\/\/afranga.com\/personal-doc-originator\/1001\/personalDoc_1001_1784799815_1.pdf?lang=en\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">2025<\/a><\/strong><\/td><td class=\"stabil\" data-sort=\"nexia\">Nexia<\/td><td class=\"stark\" data-sort=\"170771\">EUR 171K<\/td><td class=\"stabil\" data-sort=\"4.7\">4.7%<\/td><td class=\"risiko\" data-sort=\"13.8\">13.8%<\/td><td class=\"stabil\" data-sort=\"1.96\">1.96<\/td><td class=\"kritisch\" data-sort=\"57\">57.0%<\/td><td class=\"mittel\" data-sort=\"57\">57<\/td><\/tr><tr><td data-sort=\"lev credit bg\">Lev Credit (BG)<\/td><td data-sort=\"2025\"><strong><a href=\"https:\/\/afranga.com\/personal-doc-originator\/1004\/personalDoc_1004_1771340844_1.pdf?lang=en\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">2025<\/a><\/strong><\/td><td class=\"kritisch\" data-sort=\"unaudited\">Unaudited<\/td><td class=\"stark\" data-sort=\"255135\">EUR 255K<\/td><td class=\"stark\" data-sort=\"28.8\">28.8%<\/td><td class=\"stark\" data-sort=\"76.2\">76.2%<\/td><td class=\"\"><\/td><td class=\"kritisch\" data-sort=\"29\">29.0%*<\/td><td class=\"risiko\" data-sort=\"54\">54<\/td><\/tr><tr><td data-sort=\"swiss funds cz\">Swiss Funds (CZ)<\/td><td data-sort=\"2025\"><strong><a href=\"https:\/\/afranga.com\/personal-doc-originator\/1002\/personalDoc_1002_1780994929_1.pdf?lang=en\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">2025<\/a><\/strong><\/td><td class=\"kritisch\" data-sort=\"unaudited\">Unaudited<\/td><td class=\"risiko\" data-sort=\"22369\">EUR 22K<\/td><td class=\"risiko\" data-sort=\"0.8\">0.8%<\/td><td class=\"mittel\" data-sort=\"22.3\">22.3%<\/td><td class=\"mittel\" data-sort=\"1.11\">1.11<\/td><td class=\"kritisch\" data-sort=\"24.4\">24.4%*<\/td><td class=\"kritisch\" data-sort=\"38\">38<\/td><\/tr><tr class=\"kg-ph\"><td data-sort=\"tiberus bg\">Tiberus (BG)<\/td><td class=\"\"><\/td><td class=\"\"><\/td><td class=\"\"><\/td><td class=\"\"><\/td><td class=\"\"><\/td><td class=\"\"><\/td><td class=\"\"><\/td><td class=\"\"><\/td><\/tr><\/tbody><\/table><\/figure><script data-category=\"functional\" src=\"https:\/\/rethink-p2p.de\/wp-content\/themes\/maxwell\/kreditgeber-sort.js?v=1787559527\"><\/script>\r\n<p>So far, no issues have been reported with external loan originators on Afranga.<\/p>\r\n<hr \/>\r\n<h2>Advantages and Disadvantages<\/h2>\r\n<p>In this section, I have listed the most important advantages and disadvantages of Afranga.<\/p>\r\n\n    <div style=\"border:1px solid #c8c8c8;border-radius:8px;overflow:hidden;margin:1.5rem 0;background:#ffffff;box-shadow:0 2px 8px rgba(0,0,0,0.10);\">\n      <div style=\"background:#f7f7f7;padding:14px 20px;border-bottom:1px solid #e0e0e0;\">\n        <div style=\"display:flex;align-items:center;gap:10px;\">\n          <div style=\"width:4px;height:20px;background:#0aad27;border-radius:2px;flex-shrink:0;\"><\/div>\n          <span style=\"font-weight:700;\">Advantages<\/span>\n        <\/div>\n      <\/div>\n      <div style=\"padding:12px 20px 16px;\">\r\n\n    <div style=\"display:flex;gap:10px;align-items:flex-start;padding:8px 0;border-top:none;\">\n      <span style=\"flex-shrink:0;line-height:1.6;\">\u2705<\/span>\n      <span style=\"display:block;margin:0;line-height:1.6;\"><strong>Track Record:<\/strong> Operational since 2021<\/span>\n    <\/div>\r\n\n    <div style=\"display:flex;gap:10px;align-items:flex-start;padding:8px 0;border-top:1px solid #f0f0f0;\">\n      <span style=\"flex-shrink:0;line-height:1.6;\">\u2705<\/span>\n      <span style=\"display:block;margin:0;line-height:1.6;\"><strong>Regulation:<\/strong> License holder under the EU Crowdfunding Regulation (ECSP)<\/span>\n    <\/div>\r\n\n    <div style=\"display:flex;gap:10px;align-items:flex-start;padding:8px 0;border-top:1px solid #f0f0f0;\">\n      <span style=\"flex-shrink:0;line-height:1.6;\">\u2705<\/span>\n      <span style=\"display:block;margin:0;line-height:1.6;\"><strong>Investor Funds:<\/strong> Legally supervised separation of investor and company funds<\/span>\n    <\/div>\r\n\n    <div style=\"display:flex;gap:10px;align-items:flex-start;padding:8px 0;border-top:1px solid #f0f0f0;\">\n      <span style=\"flex-shrink:0;line-height:1.6;\">\u2705<\/span>\n      <span style=\"display:block;margin:0;line-height:1.6;\"><strong>Losses:<\/strong> No capital losses for investors on the platform to date<\/span>\n    <\/div>\r\n\n    <div style=\"display:flex;gap:10px;align-items:flex-start;padding:8px 0;border-top:1px solid #f0f0f0;\">\n      <span style=\"flex-shrink:0;line-height:1.6;\">\u2705<\/span>\n      <span style=\"display:block;margin:0;line-height:1.6;\"><strong>Returns:<\/strong> Competitive interest rates in the P2P lending market<\/span>\n    <\/div>\r\n\n    <div style=\"display:flex;gap:10px;align-items:flex-start;padding:8px 0;border-top:1px solid #f0f0f0;\">\n      <span style=\"flex-shrink:0;line-height:1.6;\">\u2705<\/span>\n      <span style=\"display:block;margin:0;line-height:1.6;\"><strong>Costs:<\/strong> No fees or costs for investors<\/span>\n    <\/div>\r\n<\/div>\n    <\/div>\r\n\n    <div style=\"border:1px solid #c8c8c8;border-radius:8px;overflow:hidden;margin:1.5rem 0;background:#ffffff;box-shadow:0 2px 8px rgba(0,0,0,0.10);\">\n      <div style=\"background:#f7f7f7;padding:14px 20px;border-bottom:1px solid #e0e0e0;\">\n        <div style=\"display:flex;align-items:center;gap:10px;\">\n          <div style=\"width:4px;height:20px;background:#cc3300;border-radius:2px;flex-shrink:0;\"><\/div>\n          <span style=\"font-weight:700;\">Disadvantages<\/span>\n        <\/div>\n      <\/div>\n      <div style=\"padding:12px 20px 16px;\">\r\n\n    <div style=\"display:flex;gap:10px;align-items:flex-start;padding:8px 0;border-top:none;\">\n      <span style=\"flex-shrink:0;line-height:1.6;\">\u26a0\ufe0f<\/span>\n      <span style=\"display:block;margin:0;line-height:1.6;\"><strong>Transparency:<\/strong> No or only unaudited financial reports available<\/span>\n    <\/div>\r\n\n    <div style=\"display:flex;gap:10px;align-items:flex-start;padding:8px 0;border-top:1px solid #f0f0f0;\">\n      <span style=\"flex-shrink:0;line-height:1.6;\">\u26a0\ufe0f<\/span>\n      <span style=\"display:block;margin:0;line-height:1.6;\"><strong>Auto Invest:<\/strong> No option to invest money automatically<\/span>\n    <\/div>\r\n\n    <div style=\"display:flex;gap:10px;align-items:flex-start;padding:8px 0;border-top:1px solid #f0f0f0;\">\n      <span style=\"flex-shrink:0;line-height:1.6;\">\u26a0\ufe0f<\/span>\n      <span style=\"display:block;margin:0;line-height:1.6;\"><strong>Withholding Taxes:<\/strong> Withholding taxes are retained for private investors<\/span>\n    <\/div>\r\n\n    <div style=\"display:flex;gap:10px;align-items:flex-start;padding:8px 0;border-top:1px solid #f0f0f0;\">\n      <span style=\"flex-shrink:0;line-height:1.6;\">\u26a0\ufe0f<\/span>\n      <span style=\"display:block;margin:0;line-height:1.6;\"><strong>Conflicts of Interest:<\/strong> Shareholder overlaps between platform and lenders<\/span>\n    <\/div>\r\n<\/div>\n    <\/div>\r\n<hr \/>\r\n<h2><strong>Summary Afranga Review<\/strong><\/h2>\r\n<p data-start=\"52\" data-end=\"129\">What is the preliminary conclusion of this Afranga review?<\/p>\r\n<p data-start=\"131\" data-end=\"412\">In its first years, Afranga was used exclusively as a tool to finance loans for the Stik Credit Group, an established and profitable fintech company from Bulgaria. This structure represented a calculable risk for investors, which was offered with above-average returns.<\/p>\r\n<p data-start=\"414\" data-end=\"684\">With the relaunch as a licensed and regulated crowdfunding company, Afranga has gained significant legal and operational security. Technical weaknesses, such as the absence of an Auto Invest feature and a secondary market, are expected to be resolved by the end of 2025.<\/p>\r\n<p data-start=\"686\" data-end=\"1097\">The strategic expansion toward a broadly positioned P2P marketplace opens up new revenue and growth opportunities for Afranga but also increases the risks for investors. While Afranga has a close personal and structural connection to Stik Credit, comprehensive control over external third-party lenders is considerably more difficult to implement. Therefore, investors should examine each lender very carefully.<\/p>\r\n<p>Whether investing in business loans on Afranga is worthwhile for investors primarily depends on their personal strategy and risk tolerance. Those looking for a regulated P2P platform outside the Baltics, with a solid track record and above-average returns, should consider Afranga as a potential alternative.<\/p>\r\n<p data-start=\"1099\" data-end=\"1265\" data-is-last-node=\"\" data-is-only-node=\"\">\r\n<hr \/>\r\n<h3><strong>Afranga Alternatives<\/strong><\/h3>\r\n<p>Already invested in Afranga? Or looking for similar platforms? Here are three Afranga alternatives from the P2P market.<\/p>\r\n<p><strong>Viainvest:<\/strong> Both platforms are regulated and serve primarily as a financing channel for the lending business of their respective parent company (in this case: VIA SMS Group). The loan offering focuses on unsecured consumer loans from within the European Economic Area. More information in my <a href=\"https:\/\/rethink-p2p.de\/en\/viainvest-review\/\" target=\"_blank\" rel=\"noopener\"><strong>Viainvest review<\/strong><\/a>.<\/p>\r\n<p><strong>Nectaro:<\/strong> A regulated P2P marketplace based in Latvia, operating under MiFID II regulations and backed by an internationally established group. Loans are primarily used to fund the lending operations of the parent company. Affiliated loan originators offer competitive interest rates and a solid track record. More information in my <a href=\"https:\/\/rethink-p2p.de\/en\/nectaro-review\/\" target=\"_blank\" rel=\"noopener\"><strong>Nectaro review<\/strong><\/a>.<\/p>\r\n<p><strong>Income Marketplace:<\/strong> An unregulated P2P marketplace headquartered in Estonia, which markets itself through innovative security features that are designed to protect investors from underperforming loan originators. Attractive combination of high interest rates and high liquidity. More information in my <a href=\"https:\/\/rethink-p2p.de\/en\/income-marketplace-review\/\" target=\"_blank\" rel=\"noopener\"><strong>Income Marketplace review<\/strong><\/a>.<\/p>\r\n<p>You can find other Afranga alternatives on the <a href=\"https:\/\/rethink-p2p.de\/en\/p2p-platform-comparison\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>P2P Platform Comparison<\/strong><\/a> page.<\/p>\r\n<hr \/>\r\n<div class=\"su-tabs su-tabs-style-default su-tabs-mobile-stack\" data-active=\"1\" data-scroll-offset=\"0\" data-anchor-in-url=\"no\"><div class=\"su-tabs-nav\"><span class=\"\" data-url=\"\" data-target=\"blank\" tabindex=\"0\" role=\"button\"><strong>Affiliate Links \/ Conflict of Interest<\/strong><\/span><span class=\"\" data-url=\"\" data-target=\"blank\" tabindex=\"0\" role=\"button\"><strong>Disclaimer<\/strong><\/span><\/div><div class=\"su-tabs-panes\"><div class=\"su-tabs-pane su-u-clearfix su-u-trim\" data-title=\"&lt;strong&gt;Affiliate Links \/ Conflict of Interest&lt;\/strong&gt;\">This article contains affiliate links. If you register and\/or invest through one of these links, the operator receives a commission. The compensation has no influence on the opinion or the evaluation of the platform. Potential conflicts of interest can be looked up on the \u201c<a href=\"https:\/\/rethink-p2p.de\/en\/p2p-portfolio\/\" target=\"_blank\" rel=\"noopener\"><strong>P2P Portfolio<\/strong><\/a>\u201d page.<\/div>\n<div class=\"su-tabs-pane su-u-clearfix su-u-trim\" data-title=\"&lt;strong&gt;Disclaimer&lt;\/strong&gt;\">Investments in P2P loans involve risks and may result in the complete loss of the invested capital. Past performance is not a reliable indicator of future developments. The following content is provided for informational purposes only and does not constitute investment advice. Despite careful research, no guarantee is given for the accuracy, completeness, or timeliness of the information provided. No liability is accepted for any financial losses or investment decisions made based on the information presented here. For more details, see the full <a href=\"https:\/\/rethink-p2p.de\/en\/disclaimer\/\" target=\"_blank\" rel=\"noopener\"><strong>disclaimer<\/strong><\/a>.<\/div><\/div><\/div>\r\n<hr \/>\r\n<h2>FAQ Afranga Review<\/h2>\r\n<p><!-- \/wp:yoast\/faq-block --><\/p>\r\n<!-- wp:yoast\/faq-block {\"questions\":[{\"id\":\"faq-question-1775037525074\",\"question\":[\"\u2705 What is Afranga?\"],\"answer\":[\"Afranga is a Bulgaria-based P2P platform operational since February 2021, where investors can invest in business loans from international loan originators. The platform has been regulated under the EU Crowdfunding Regulation (ECSP) since 2023 and offers returns of up to 16%.\"],\"jsonQuestion\":\"\u2705 What is Afranga?\",\"jsonAnswer\":\"Afranga is a Bulgaria-based P2P platform operational since February 2021, where investors can invest in business loans from international loan originators. The platform has been regulated under the EU Crowdfunding Regulation (ECSP) since 2023 and offers returns of up to 16%.\"},{\"id\":\"faq-question-1775037541957\",\"question\":[\"\u2705 Is Afranga regulated and safe?\"],\"answer\":[\"Yes. Afranga is supervised by the Bulgarian financial authority (FSC) and has held an ECSP license since September 2023. Investor funds are held in segregated accounts via Lemonway. However, there is no deposit protection scheme.\"],\"jsonQuestion\":\"\u2705 Is Afranga regulated and safe?\",\"jsonAnswer\":\"Yes. Afranga is supervised by the Bulgarian financial authority (FSC) and has held an ECSP license since September 2023. Investor funds are held in segregated accounts via Lemonway. However, there is no deposit protection scheme.\"},{\"id\":\"faq-question-1775037542812\",\"question\":[\"\u2705 What returns can I expect from Afranga?\"],\"answer\":[\"Interest rates range between 10% and 16% depending on the loan originator. Stik Credit typically offers 14% to 16%, while external originators offer 10% to 12%. My personal return on Afranga in 2025 stood at 13.7%.\"],\"jsonQuestion\":\"\u2705 What returns can I expect from Afranga?\",\"jsonAnswer\":\"Interest rates range between 10% and 16% depending on the loan originator. Stik Credit typically offers 14% to 16%, while external originators offer 10% to 12%. My personal return on Afranga in 2025 stood at 13.7%.\"},{\"id\":\"faq-question-1775037543524\",\"question\":[\"\u2705 Does Afranga offer a buyback guarantee?\"],\"answer\":[\"No. Following ECSP regulation, Afranga invests in direct business loans secured by the full assets of the lending company. There is no classic buyback guarantee.\"],\"jsonQuestion\":\"\u2705 Does Afranga offer a buyback guarantee?\",\"jsonAnswer\":\"No. Following ECSP regulation, Afranga invests in direct business loans secured by the full assets of the lending company. There is no classic buyback guarantee.\"},{\"id\":\"faq-question-1775037544197\",\"question\":[\"\u2705 Is there a bonus for signing up with Afranga?\"],\"answer\":[\"Yes. New investors registering via my partner link receive 0.5% cashback on all investments made within the first 90 days after registration.\"],\"jsonQuestion\":\"\u2705 Is there a bonus for signing up with Afranga?\",\"jsonAnswer\":\"Yes. New investors registering via my partner link receive 0.5% cashback on all investments made within the first 90 days after registration.\"}]} -->\r\n<div class=\"schema-faq wp-block-yoast-faq-block\">\r\n<div id=\"faq-question-1775037525074\" class=\"schema-faq-section\"><strong class=\"schema-faq-question\">\u2705 What is Afranga?<\/strong>\r\n<p class=\"schema-faq-answer\">Afranga is a Bulgaria-based P2P platform operational since February 2021, where investors can invest in business loans from international loan originators. The platform has been regulated under the EU Crowdfunding Regulation (ECSP) since 2023 and offers returns of up to 16%.<\/p>\r\n<\/div>\r\n<div id=\"faq-question-1775037541957\" class=\"schema-faq-section\"><strong class=\"schema-faq-question\">\u2705 Is Afranga regulated and safe?<\/strong>\r\n<p class=\"schema-faq-answer\">Yes. Afranga is supervised by the Bulgarian financial authority (FSC) and has held an ECSP license since September 2023. Investor funds are held in segregated accounts via Lemonway. However, there is no deposit protection scheme.<\/p>\r\n<\/div>\r\n<div id=\"faq-question-1775037542812\" class=\"schema-faq-section\"><strong class=\"schema-faq-question\">\u2705 What returns can I expect from Afranga?<\/strong>\r\n<p class=\"schema-faq-answer\">Interest rates range between 10% and 16% depending on the loan originator. Stik Credit typically offers 14% to 16%, while external originators offer 10% to 12%. My personal return on Afranga in 2025 stood at 13.7%.<\/p>\r\n<\/div>\r\n<div id=\"faq-question-1775037543524\" class=\"schema-faq-section\"><strong class=\"schema-faq-question\">\u2705 Does Afranga offer a buyback guarantee?<\/strong>\r\n<p class=\"schema-faq-answer\">No. Following ECSP regulation, Afranga invests in direct business loans secured by the full assets of the lending company. There is no classic buyback guarantee.<\/p>\r\n<\/div>\r\n<div id=\"faq-question-1775037544197\" class=\"schema-faq-section\"><strong class=\"schema-faq-question\">\u2705 Is there a bonus for signing up with Afranga?<\/strong>\r\n<p class=\"schema-faq-answer\">Yes. New investors registering via my partner link receive 0.5% cashback on all investments made within the first 90 days after registration.<\/p>\r\n<\/div>\r\n<\/div>\r\n<!-- \/wp:yoast\/faq-block --><\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":38057,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"template-centered.php","meta":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Afranga Review 2026: Regulated 13.92% from Bulgaria!<\/title>\n<meta name=\"description\" content=\"Afranga Review 2026: Regulated 13.92% from Bulgaria! \u2714\ufe0f Detailed Analysis of the P2P Lending Platform \u2795 0.5% Cashback Bonus!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/rethink-p2p.de\/en\/afranga-review\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Afranga Review 2026: Regulated 13.92% from Bulgaria!\" \/>\n<meta property=\"og:description\" content=\"Afranga Review 2026: Regulated 13.92% from Bulgaria! 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