Management Financial Group is an international financial
institution with a global forward-looking ambition.
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Management Financial Group is an international financial
institution with a global forward-looking ambition
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Management Financial Group (MFG) is a holding company, uniting leading providers of non-bank financial services in Central and Eastern Europe. MFG manages a rich portfolio of successful business models in the field of consumer loans, loans for micro and small businesses, credit cards, digital business and other alternative financial products and services.
MFG brings together companies with different experience, history and traditions. Some of the institutions in the structure of MFG are in the initial stage of their development, some are rapidly developing and growing, others are well established in their industry with over 14 years of experience. More than 8 300 employees and associates in over 450 offices in Bulgaria, Ukraine, Romania, Poland and Macedonia take care of our customers.
In addition, MFG is focused on developing and commercializing a comprehensive portfolio of financial services, including lending, payments and investments.
Guided by its mission and vision of growth, MFG has ambitions to establish itself as one of the fastest growing providers of financial technology products and services to the people.
At Management Financial Group, we are guided by our mission to provide access to funding for all people. We are constantly proving that we are socially significant, socially responsible, and we are developing both the economy and the lives of our clients for the better with each of the companies in our group.
We work enthusiastically to become a leading and sustainable group of companies providing high-tech financial products and services for the benefit of consumers, employees and society. We share knowledge, experience, and various worldviews within our companies and set no boundaries so that we can achieve our goals together.
We develop financial and technology products and services for the benefit of people. We strive to keep them in tune with customers’ current demands, to meet their expectations, but also to offer a new experience unknown so far. We do not set limits on our imagination in order to achieve even the most unattainable goals. We think progressively and strategically, and our ultimate goal is for our ideas to be implemented, accepted and borrowed in the best possible way.
We have the ambition to establish ourselves as one of the fastest growing financial service providers in Central and Eastern Europe. We attract talents, invest in them, develop them, and turn them into ambassadors of our companies beyond our current geographical outlines. Many of the employees of the individual companies in the group have more than 10 years of experience in them, which contributes to the sustainable spirit of MFG and is a secure path to the future.
Offices in CEE
Years of experience in financial services
on European markets
4 000 000
and highly competitive brands
Easy Asset Management (EAM) company was established in Bulgaria, specialized in home lending business model. The company is known under its brand name – Easy Credit.
Easy Credit is registered as a non-banking financial institution by the Bulgarian National Bank.
EAM enters the Ukrainian market under its international brand name – iCredit. Easy Credit is the first Bulgarian company of the non-banking financial sector that expanded over foreign markets.
iCredit continues its development on the international market by entering the Romanian market.
Easy Credit celebrates its 500 000th client.
Viva Credit company was established as a non-banking financial institution, specialized in lending personal loans through a network of shops, via phone or online.
Access Finance Lts. was established as a non-banking financial institution offering the international credit card "White Card".
iCredit expands over a third international marketplace – Poland.
SmartIT company was established. This is the technological unit of MFG. The company is specialized in insourced development of financial systems and platforms.
Express Pay is licensed for money transfers through BG posts.
MCash company was founded as a new financial institution, specialized in providing online consumer loans. The company starts operations in Macedonia as the first company to lend loans entirely online.
Easy Credit lends its 1 000 000th loan.
Easy Credit celebrates its 10th anniversary.
Fintrade Finance was established. The company is focused on the funding of micro and small businesses.
Code Success Foundation was founded.
Easy Asset Management establishes Management Financial Group as a holding of leading companies in the non-banking financial sector.
Easy Credit becomes the first originator on the innovative Estonian-based peer-to-peer platform "iuvo", by listing its own credit expositions.
Easy Payment Services was established. In May, 2016 EPS was granted a payment institution license by Bulgarian National Bank.
Svea Finance was acquired and renamed to "Agency of Control of Outstanding Debts". The core business of the company is focused on collection of porfolios of receivables from various industries.
MFG receives permission from the regulatory authorities to acquire the majority stakes in both companies - "Viva Credit" Ltd. and "Access Finance" Ltd.
Viva Credit joins as an originator in peer-2-peer platform "iuvo".
iCredit Romania joins as one of the originators in P2P platform "iuvo".
Easy Credit acquires its main competitor in the home lending sector in Bulgaria - Provident Financial Bulgaria. This helps the company to strengthen its leading position and to continue to provide excellent service to its customers under the brand of Easy Credit.
Access Finance launches its second brand on the Bulgarian market under the name AXI Card.
Access Finance starts operation on the Romanian market under its international brand AXI Card.
SmartIT expands its operations and opens a new office in Kiev, Ukraine.
Prospect Capital was founded. Prospect Capital is a non-banking financial institution focused on lending of corporate and business loans.
AXI Card enters the Polish market.
Fintrade lends its 5000th business loan.
Easy Payment Services receives an e-money license by the Bulgarian National Bank
Agency for Control of Outstanding Debts expands its operations and opens a new office in Romania.
Financial Bulgaria was founded.
An angel investment company “MFG Investments” EOOD was founded.
April is launched to provide fully digital financial services with smooth user experience following the fintech trends from around the world. April will enrich its product portfolio with payments, debit and credit cards, various credit products.
NewPay is the modern way to shop online using the "Buy Now, Pay Later" model.
AXI Card enters the Spanish market.
To provide financial inclusion for all through:
To offer financial technologies for the benefit of people by:
Build a global organization by:
We build sustainable companies that are in harmony with society, nature and people. The socially responsible campaigns we participate in are tailored to the preferences of our employees and the community in which we develop.
We put our customers and employees at the heart of whatever we do, because we believe that they are our most valuable resource. We reach them through a variety of channels, enhancing their motivation and imagination. Every day we build our own unique culture of interaction and mutual assistance. Our decisions are based on feedback received and carefully handled.
We think and act on a large scale in our business decisions. We are also not afraid of our failures, because they make us stronger and more united. We learn from our mistakes and look forward to the future. We are trying to be in line with both digital revolution and ever-changing human relationships.
Stanimir Vassilev is the Founder of Easy Asset Management AD and in 2005, together with Nedelcho Spasov, he launched Easy Asset Management AD (known to consumers as Easy Credit), a member of Management Financial Group. Since the founding of MFG, Vassilev has been the Chairman of the Board of Directors of the company. He graduated from the Technical University – Sofia with a degree in Electronic Technology and Microelectronics and after that from University of National and World Economy with a degree in Finance. He holds a Master’s Degree in Business Administration from INSEAD.
Nedelcho Spassov is the Founder of Easy Asset Management AD, and in 2005, together with Stanimir Vassilev, he launched Easy Asset Management (known to consumers as Easy Credit), a member of the MFG Group. He has been an Executive Director of Easy Asset Management AD for six years. Since 2005, he has been a Deputy Chairman of the Board of Directors of EAM and is a major shareholder in all companies in the group. He holds a Master’s Degree in Economics and Industrial Management from UNWE and a Master’s Degree in Business Administration from INSEAD.
Antoniya Sabeva is the Chief Executive Officer of MFG. She started her career at Easy Asset Management AD as a member of the company’s audit team, after that she headed the technology department and she has been holding her current position since the summer of 2017. Antoniya holds two Master’s Degrees – in Accounting and Control and Finance from UNWE Sofia.
Peter Damyanov is a Chief Financial Officer at MFG. He has been holding this position since 2016, having previously held the same position in other major financial companies, including Alpha Bank and MetLife Bulgaria. He holds a bachelor’s degree in International Business and Management from Dickinson College, Pennsylvania, USA, and a Master’s Degree in Finance and Statistics from Paderborn University in Germany.
Tsvetan Krastev is a co-founder of Access Finance and its Manager since 2013. Before that, for a period of three years, he headed Operations Department of Easy Asset Management AD. He holds a Master’s Degree in Economics from the University of National and World Economy, and in Finance from New Bulgarian University.
Apostol Mushmov has a Master’s degree in Applied Mathematics. With initial strong academic background from the University of Greenwich London and then moving to business, he has more than 15 year of professional experience in the field of Data science and advanced customer analytics. The mathematical modeling projects he has been part of involve different industrial domains such as telco, insurance, banking, etc. At the moment he is doing a PhD research in the field of Business Administration with a very interesting subject of “Gamification for employee motivation”.
Ivelina Kavurska is Director of Strategic Projects and Member of MB at MFG. She started her career at the legal department of Easy Asset Management AD in 2014. She holds a Master’s Degree in Law from the University of National and World Economy in Sofia.
Angel Madzhirov started his career at Easy Asset Management AD in 2009 holding various management positions, and since 2014, he is a Commercial Director of the company. In the summer of 2018, he also headed Home Lending Division abroad. Since October 2018, he is also a member of the Management Board of MFG. He holds a Master’s Degree in Economics from the University of National and World Economy.
The sense about good investments, visionary spirit and sustainability are encoded in the DNA of Management Financial Group. We believe that innovation exists to make our lives better. We believe that creative ideas are driving the world toward progress. Many of these ideas need support early in their development. We are here to lend a hand.
When we talk about invesments, we have to mention peer-to-peer. P2P investment platforms are an intermediary between lending companies and individuals. Lending companies have the opportunity to provide individuals called investors with already granted loans for external investment. Thus both parties meet their interests – credit companies obtain fresh financing while private investors earn satisfactory return on their available funds. The intermediary platform receives remuneration in the form of a percentage of the investment transaction. The investment model gains thousands of followers worldwide for its easy and adaptive work style, open and clear investment policy.
Усетът за добрите инвестиции, визионерски дух и устойчивост са закодирани в ДНК-то на Management Financial Group. Вярваме, че иновациите съществуват, за да направят живота ни по-добър. В дъното на прогреса, който днес движи света, стои приложението на креативни идеи, създадени от хора за хора. Много от тези идеи се нуждаят от подкрепа рано в своето развитие. Ние сме тук, за да им подадем ръка.
Когато говорим за инвестиции, трябва да споменем и Р2Р. Платформите за peer-2-peer инвестиции са посредник между кредитни компании и частни лица. Компании за кредитиране имат възможност да отдадат вече отпуснати кредити за външни инвестиции на частни лица, наречени инвеститори. Така двете страни срещат интересите си – кредитните компании получават свежо финанансиране, докато частните инвеститори печелят удовлетворяваща възвръщаемост за свободните си средства. Платформата посредник получава възнаграждение под формата на процент от инвестиционната сделка. Инвестиционният модел печели хиляди последователи в цял свят заради лесния си и адаптивен начин на работа, открита и ясна инвестиционна политика.
Непрестранният стремеж към подобряване на потребителското преживяване е движеща сила за нас като група. Естественият процес на развитие добави към портфолиото ни изцяло дигитални финансови продукти, разработени според последните финтех тенденции. Разнообразният микс от продукти и услуги, които компаниите от звеното Дигитални финанси предлага, включва, разплащателни сметки, дебитни и кредитни карти, дигитални разплащания, кредитни продукти и др.
The relentless pursuit of improving the user experience is a driving force for us as a group. The natural development process has added to our portfolio fully digital financial products, developed according to the latest fintech trends. The diverse mix of products and services that the companies in the Digital Finance unit offer includes current accounts, debit and credit cards, digital payments, credit products, etc.
Като група от компании целим да оптимизираме процеса по предоставяне на финансови услуги – от отпускането на кредит до събирането на просрочени задължения. Събирането на вземания е неизменна част от кредитния процес. Подхождаме с отговорност и уважение към клиентите, изпаднали в просрочие. Процесът включва личен контакт с клиента и предоставяне на възможност за издължаване в рамките на добрия тон и отношения.
Компаниите от дивизия Потребителско и В2В кредитиране се стремят да бъдат близо до клиента – в офис на място, по телефона, оналйн или в партньорска мрежа. Дивизията има две направления – потребителско и бизнес кредитиране.
Търговската структура на компаниите за кредитиране на микро и малкия бизнес е на разположение на предприемачите и в готовност да отговори на финансовите нужди на бизнеса.
Потребителското кредитиране, предлагано в рамките на дивизията, разчупва стереотипа за отдаване на кредит и поставя фокус върху удобството на онлайн кредитирането.
Като група от компании се стремим да предложим финансови продукти и услуги в съответствие с глобалните трендове на този динамично развиващ се пазар. Създаваме финансови технологии в синхрон с нашите визия и предприемачески дух. Така се роди и дивизия Кредитни карти и дигитален бизнес, които отговарят на нуждите на пазара от технологични решения в т.ч. кредитни карти, мобилни разплащания, онлайн кредитиране и още.
В основата на дивизията за домашно кредитиране е личното отношение и контакт с клиентите ни. Това резултира в подобряване на потребителското поведение и лоялност към компанията.
В структурата на дивизията се включват добре обучени кредитни консултанти от цялата страна, които с готовност помагат за посрещане на финансовите нужди на нашите клиенти. Кредитните консултанти предлагат кредитиране до дома или удобно за клиента място, консултация или асистенция при нужда от пари.
Растем и напредваме заедно, следвайки тенденциите и развитието на технологиите. Разполагаме със собствено звено за технологична разработка на софтуер и вътрешни инструменти. Разработваме и поддържаме комплексни финансови системи, които целят да отговорят на разнообразни бизнес модели на различните компании в холдинга.
As we grow and progress together, we follow technology trends and developments. We have our own unit for technological development of software and internal tools. We develop and maintain complex financial systems aiming to respond to diversified business models of the various companies in the holding.
As a group of companies, we aim to streamline the process of providing financial services – from lending to collecting overdue debts. Debt collection is an integral part of the credit process. We approach with responsibility and respect for customers who are in default. The process involves personal contact with the client and provision of an opportunity for repayment while observing good manners and relations.
This market segment is focused on consumer lending through a commercial network of financial centers for issuing loans on spot, by phone, online or through a partner network as well as providing financing for micro and small business entities.
Building a commercial network is based on providing financial solutions for everyone who wants to receive instant funding corresponding to their needs and plans by accessing our products and services in convenient locations, over the phone or online. By offering business loans, we aim to support and develop the potential of small businesses, representing the backbone of every economy. Loan applicants are owners of family companies, entrepreneurs, as well as anyone who represents the micro and small business and needs fast and tailor-made financial solution for its growth.
As a group of companies, we aim at developing and offering financial products and services in line with the global trends of the dynamically developing world. In correspondence to our visions and entrepreneurial spirit, we consider creating financial technologies that benefit people as a part of our DNA code. In this market segment, we operate in the of card and mobile payment types, as well as online lending.
Home Collected Crediting segment lays on the implementation of personal approach by establishing personal relationships with clients, which results in better credit scoring and customer loyalty.
The operating process of this segment includes the identification and training of a large number of socially committed credit officers, called Credit Consultants (CC); reaching out to groups of low income people that are potentially creditworthy; identifying and assessing of customers’ projects and needs in collaboration with CC; finding the proper solution for the customers according to their credit scoring; providing personal assistance and consultancy; and following up on supervision and collection.
In general, Credit Consultants visit current and potential clients for credit consultancy and disbursement as well as for collection of installments.