Consumer Loans

Rapid Finance AD is a Bulgarian joint‑stock company (AD) headquartered at 14 Tsar Osvoboditel Blvd., Floors 5–6, Sredets District, Sofia, Bulgaria and registered in the BNB Public Register of Financial Institutions (code BGR00501). As of the latest corporate update, Rapid’s statutory capital is BGN 3,000,000 (approximately EUR 1,533,876), fully paid in.

Key Products & Services

• Consumer microloans (B2C): unsecured personal loans with small ticket sizes and short maturities; underwriting combines automated scoring with targeted manual verifications.
• Business microloans (B2B): working‑capital facilities tailored to SME cash‑flow seasonality and documented use of proceeds; tenor limits and concentration caps apply.
• Factoring / receivables finance (B2B): financing against verified trade receivables and supply contracts (including invoice‑confirmed receivables) with eligibility criteria by debtor, sector, and aging.

Short‑dated lending occupies a growing and under‑served niche where borrowers value speed, clarity of terms, and predictable installments. From a business standpoint, shorter maturities provide:

• Faster risk feedback loops and portfolio seasoning.
• Tighter cash‑flow matching between collections and new disbursements.
• Lower loss volatility due to reduced exposure time.
• More frequent repricing points, which protect unit economics in changing rate environments.

In B2B, recurring working‑capital needs and invoice‑backed cash flows create repeat usage and strong relationship depth; in B2C, conservative ticket sizes and robust collections yield attractive risk‑adjusted returns when scaled with disciplined underwriting and digital distribution.

License

Rapid Finance AD is officially registered as a financial institution under Bulgarian law and operates under the supervision of the Bulgarian National Bank (BNB). The company was granted its registration following a review of its application, business structure, and compliance with applicable financial regulations.

• Regulatory Authority: Bulgarian National Bank (BNB), Banking Supervision Directorate
• Registration Number (BNB Public Register): BGR00501
• Company Identification Code (EIK): 207852400
• Legal Form: AD (Joint‑Stock Company)
• Headquarters Address: Sofia 1000, 14 Tsar Osvoboditel Street, Floors 5–6, "Lendmark" Building
• Correspondence Address: Sofia 1000, 14 Tsar Osvoboditel Street, Floors 5–6, "Lendmark" Building
• Date of Registration / Entry Order: Order No. BNB‑123689 dated 02.10.2024
  

Authorized activities (as per the Credit Institutions Act):

1. Granting credits with funds not raised through accepting deposits or other repayable funds from the public.

2. Acquisition of claims on loans and other forms of financing related to loans (including factoring, forfeiting, etc.).

3. Financial leasing.

4. Guarantee transactions.

Rapid Finance AD is authorized to provide the above financial services in compliance with the BNB regulatory framework. The company maintains transparency and adherence to Bulgarian financial laws, with policies covering AML/CFT, consumer protection, and financial risk management.

This registration confirms Rapid Finance AD’s standing as a supervised financial institution, reinforcing its credibility within Bulgaria’s alternative lending sector.

Financial Performance

Rapid Finance AD began active lending prior to 2025 and accelerated issuance throughout 2025. As of September 2025, the Company shows sustained scale‑up in B2B (non‑factoring and factoring) and strong growth in B2C short‑dated lending.

2025 YTD (Jan–Sep) issuance: €9.52m across B2B and B2C.
Trajectory: Q1→Q2 +463%, Q2→Q3 +27.6% (driven by B2C ramp‑up and steady B2B demand).
Mix shift: B2C share rose from 25.0% (Q1) to 28.3% (Q2) and 40.2% (Q3) as the retail flow scaled; factoring pricing for new clients was updated to 2.0–2.5%/month (legacy at 1.25–1.50%/month may remain for existing clients).

Quarterly issuance by product (principal disbursed)

Totals by quarter:

Notes:

• Q2 marked the step‑change in scale (corporate onboarding + retail ramp).
• Q3 saw continued growth, with a mix shift toward B2C and lower factoring share as pricing and underwriting tightened for new clients (2.0–2.5%/month).

Trend commentary

• Overall issuance: €0.69m → €3.88m → €4.95m per quarter; momentum broadened from corporate to retail as digital funnels and scorecards improved.
• B2B (non‑factoring): €0.21m → €1.30m → €1.72m; steady growth with larger SME tickets and rolling renewals.
• B2B (factoring): €0.31m → €1.48m → €1.24m; volumes strong in Q2; Q3 moderation reflects selective onboarding and updated pricing for new clients.
• B2C: €0.17m → €1.10m → €1.99m; fastest growth, consistent with short‑dated, repeat‑use behavior and conversion gains.

Key takeaways

• Scale: €9.52m YTD issuance with sequential quarterly growth.
• Mix shift: B2C share rose to 40% in Q3; B2B remains the anchor at ~60% (with non‑factoring gaining weight).
• Pricing: Factoring for new clients now 2.0–2.5%/month (legacy 1.25–1.50%/month may continue for existing clients); retail pricing stable at 0.60–0.70%/day.
• Cash cycles: B2C generates faster cash‑in; B2B builds relationship depth and larger tickets.