Varengold Bank Acquires 20% of Bulgaria’s Lending Platform Klear

We have exciting news from one of our BoD members – Klear Lending!

Germany’s Varengold Bank AG has agreed to acquire 20 percent of Klear, a Bulgaria-based peer-to-peer (P2P) lending platform with leading positions in the emerging FinTech segment in Southeast Europe (SEE). The two sides have already signed an agreement under the terms of which the shares are expected to be transferred till the end of the second quarter of the year.  

This is Varengold Bank’s first investment in a P2P lending platform, based in the SEE region. The German bank opened a branch in Sofia in November 2018 with the mission to turn it into a major hub for its expansion in Southeast Europe.

You can read more about the acquisition in Klear and Varengold’s official press release

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