Credissimo

What Credissimo does

Credissimo is a Bulgaria-headquartered online financial services company founded in 2007, operating out of Sofia and historically listed on the Bulgarian Stock Exchange (ticker: blse:Credissimo) under a now-delisted status. The company uses what it describes as proprietary technology to deliver two core consumer-finance products: instant personal loans and bill payment services. The product mix positions Credissimo in the digital consumer-credit segment of the Bulgarian and broader regional retail-finance market, competing against both bank-issued cards and other online lenders via an automated, online-only distribution channel.

Business model mechanics are inferred from the product set rather than disclosed: revenue is generated primarily through interest and fee income on the personal-loan portfolio, with secondary transaction-fee revenue from bill-payment services. Distribution is online direct-to-consumer, removing physical-branch overhead and enabling the company to operate with a reported headcount of 101–250 employees. Pricing, loan-ticket size, NIM, and loss data are not available in the source material.

Data depth is a clear constraint on this assessment. The credissimo.com website returned a loader/verification page with no substantive content, and most structured data sources on the company returned empty. Only the firmographic shell (location, founding year, employee band, exchange listing) and co-founder leadership roster — Asen Benev (co-founder), Sokol Iankov (co-founder & CEO), and Kosta Kantchev (co-founder & board member) — could be reliably extracted. No management commentary, regulatory filings, partnership data, product roadmap, or financial results were available for triangulation.

Name

Credissimo

Website

https://credissimo.com

Company type

Private

Founded year

2007

Headcount range

101–250 employees

Short description

Credissimo is a Bulgaria-based online lender founded in 2007 that uses proprietary technology to provide instant personal loans and bill payment services to retail consumers, operating from Sofia with 101–250 employees.

Ownership category

akta.pro rank

Headquarters

HQ city

Sofia

HQ country

Bulgaria

HQ region

Europe

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Core offering

Credissimo is an online financial company that uses proprietary technology to provide instant personal loans and bill payment services. Its core business is consumer lending delivered through a digital channel, with an adjacent bill payment service for individual borrowers in Bulgaria.

Differentiator

Problem solved

Functional benefit

Products and services

• Instant Personal Loans Technology-enabled, online personal loans delivered to individual consumers with rapid decisioning through the company's proprietary platform; designed for borrowers needing fast access to personal liquidity without traditional bank branch visits.
• Bill Payment Services Online bill payment service offered to consumers through Credissimo's proprietary digital platform, enabling individual users to settle recurring and utility bills without in-person bank visits.

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves4 records

Broad incumbents

• Upstart: Upstart is a US AI-powered lending marketplace using alternative data to underwrite personal loans. Comparable to Credissimo on the proprietary-tech, instant-decision consumer-credit thesis, but operates at materially larger scale and with marketplace rather than balance-sheet origination.
• MoneyLion: MoneyLion is a US digital finance platform offering personal loans, credit, and broader money-management features. Comparable to Credissimo across both consumer credit and bill/finance management services.
• LendingClub: LendingClub is a large US public online consumer loan platform originating personal loans via bank partnership, plus a securities-business. Comparable to Credissimo as a tech-enabled personal-loan originator serving retail borrowers, though US-market and at far greater scale.

Emerging players

• Branch: Branch is a US-based digital lender focused on instant personal loans for hourly workers and thin-file consumers. Comparable to Credissimo on the instant, mobile-first, thin-file consumer credit product, though operating in a different geography.
• Tala: Tala is a US-headquartered digital lender extending small, instant personal loans to thin-file consumers in emerging markets (Mexico, India, Philippines, Kenya). Comparable to Credissimo on mobile-first, instant-decision, thin-file consumer credit in underbanked segments.

Direct peers

• Zopa: Zopa is a UK digital consumer lender and neobank offering personal loans and savings/investment products. Directly comparable as a UK/EU online personal-loan specialist that has scaled into broader consumer banking.
• Vivus (4finance Group): 4finance, the parent of the Vivus brand, is one of Europe's largest online and mobile consumer lending groups, offering short-term and installment loans across CEE, Spain, and Latin America. Direct overlap with Credissimo in target product (online personal loans) and CEE customer base.
• Ferratum / Multitude SE: Multitude SE (formerly Ferratum) is a Helsinki-listed European non-bank online consumer lender offering installment loans, digital banking, and SME finance across multiple EU markets. Closely comparable to Credissimo in product (instant personal loans), technology-led distribution, and EU regulatory exposure.
• Kreditech: Kreditech is a German-founded digital consumer lender using proprietary, AI-driven credit scoring to underwrite unbanked and thin-file borrowers in emerging markets. Highly comparable to Credissimo on the technology-led instant-decision underwriting approach.

Regional players

• MoneyMe: MoneyMe is an Australia-listed online consumer lender offering personal loans and point-of-sale credit. Closely analogous business model to Credissimo — proprietary tech, online personal loan origination — but serving ANZ rather than EU/CEE.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat2 records

Key highlights5 records

Customer concentration

• Xx.com/credissimo
• Facebookfacebook.com/credissimo.bg

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Credissimo