Just recently the BFA released the Annual Fintech Report 2020 which marks another great year for the Fintech in Bulgaria. In the report, we included the very first Bulgaria Fintech Mapping, created in collaboration with Innovative Sofia. The Mapping gathers in one place all Fintech key stakeholders and thus presents the key components of the cluster. Here are some of the key findings: There are 100+ Fintech companies in Bulgaria, operating in 9 different segments,…
The estimated number of Bulgarian Fintech companies is 100; In the last three years the total operating revenue of the fintech sector is rapidly growing, maintaining a steady increase of approximately 25% on an annual basis; In 2020 Fintech companies in Bulgaria hit an all-time high operating revenue of EUR 361 million; The majority of the Bulgarian Fintech companies operate in the Payments segment, followed by Blockchain and Capital Markets segments; In 2019, VC Fintech…
This October, the Bulgarian Fintech Association(BFA), in collaboration with Innovative Sofia delivered the very first Fintech Mapping. This year’s mapping represents the Fintech Landscape in Sofia and its main characteristics. This initiative is the first step of an ongoing initiative to promote Bulgaria as a Fintech Destination, welcoming innovative companies in the financial innovation sector. The official release of the 2020 Sofia Mapping was done during a virtual event, organized by the BFA and Innovative…
As the demand for digitisation of financial services increases, the traditional financial institutions often struggle with the implementation of innovative solutions. However, although it is widely known that banks currently face various issues, related to the digital transformation of their financial services, there is a lack of consolidated information on what those issues are. This is why iRoboInvest recently released a report on the “Digital Challenges of the Bulgarian Banks”. The report represents the opinion…
Общият брой на финтек компаниите в България е 65, като по този показател страната е лидер в региона на Югоизточна Европа; През последните три години оперативните приходи на финтек сектора са се удвоили, а средният ръст на индустрията на годишна база е около 33,5%; Около 1/3 от българските финтек компании развиват своята дейност в сферата на плащанията. София, България – Българска финтек асоциация издаде първия цялостен доклад за състоянието на финтек сектора в България. Целта на проучването,…
The estimated number of Bulgarian Fintech companies is 65, which is more than that in any other SEE country; In the last three years the total operating revenue of the fintech sector has more than doubled, maintaining a steady increase of approximately 33.5% on an annual basis; The majority of the Bulgarian Fintech companies operate in the Payments segment. Sofia, Bulgaria – The Bulgarian Fintech Association recently released the first comprehensive report about the Fintech sector in…
