Who are we


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 7 700 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.

Our philosophy


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 economy and 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 current demands of consumers, 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.

450+

Offices in CEE

7 700+

Employees

Over 14

Years of experience in financial services

6 Operations on European markets

6 Locations

on European markets

1 000 000 + Loans provided

1 500 000 +

Loans provided

4 Strong and highly competitive brands

13 Strong

and highly competitive brands

Explore our interactive timeline and find out more about our key milestones

2005
Timeline

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.

2006
Timeline

Easy Credit is registered as a non-banking financial institution by the Bulgarian National Bank.

2009
Timeline

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.

2011
Timeline

iCredit continues its development on the international market by entering the Romanian market.

2012
Timeline

Easy Credit celebrates its 500 000th client.

2012
Timeline

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.

2013
Timeline

Access Finance Lts. was established as a non-banking financial institution offering the international credit card "White Card".

2014
Timeline

iCredit expands over a third international marketplace – Poland.

2014
Timeline

SmartIT company was established. This is the technological unit of MFG. The company is specialized in insourced development of financial systems and platforms.

2014
Timeline

Express Pay is licensed for money transfers through BG posts.

2015
Timeline

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.

2015
Timeline

Easy Credit lends its 1 000 000 loan.

2015
Timeline

Easy Credit celebrates its 10th anniversary.

Timeline

Fintrade Finance was established. The company is focused on funding of micro and small businesses.

2015
Timeline

Code Success Foundation was founded.

2015
Timeline

Easy Asset Management establishes Management Financial Group as a holding of leading companies in the non-banking financial sector.

2016
Timeline

Easy Credit becomes the first originator on the innovative Estonian-based peer-to-peer platform "iuvo", by listing its own credit expositions.

2016
Timeline

Easy Payment Services was established. In May, 2016 EPS was granted a payment institution license by Bulgarian National Bank.

2016
Timeline

2016 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.

2016
Timeline

MFG receives permission from the regulatory authorities to acquire the majority stakes in both companies - "Viva Credit" Ltd. and "Access Finance" Ltd.

2017
Timeline

Viva Credit joins as an originator in peer-2-peer platform "iuvo".

2017
Timeline

iCredit Romania joins as one of the originators in P2P platform "iuvo".

2017
Timeline

Easy Credit acquires its main competitor in the home lending sector in Bulgaria - Provident Financial Bulgaria. This helps the company to strenghten its leading position and to continue to provide excellent service to its customers under the brand of Easy Credit.

2017
Timeline

Access Finance launches its second brand on Bulgarian market under the name "AXI Card".

2017
Timeline

Access Finance starts operation on the Romanian market under its international brand "AXI Card".

2018
Timeline

SmartIT expands its operations and opens a new office in Kiev, Ukraine.

2018
Timeline

Prospect Capital was founded. Prospect Capital is a non-banking financial institution focused on lending of corporate and business loans.

2018
Timeline

"AXI Card" enters the Polish market.

2018
Timeline

Fintrade lends its 5000 business loan.

2018
Timeline

Easy Payment Services receives an e-money license by the Bulgarian National Bank

Goals


To provide financial inclusion for all through:

  • An informed choice. We provide clear and transparent terms and conditions to all our partners;
  • Responsible lending. We approach on a case by case basis and offer people products and due dates tailored to their actual ability to pay;
  • Accessible financing. We are available anywhere, anytime, door-to-door, through partner networks, by telephone and online.

To offer financial technologies for the benefit of people by:

  • Innovative solutions that improve customers’ lives and raise their awareness;
  • Continuous improvement aimed at improving our competitiveness on a daily basis as a company, as individual brands and as an employer;
  • Platforms that provide the best customer experience. Our technology department offers fast and convenient solutions that have no analogue on the market.

Build a global organization by:

  • Proactivity and entrepreneurial spirit. We encourage ideas at all levels and seek for innovative solutions for their implementation;
  • Focus on achieving excellent results. We encourage personal motivation of the employees related to the realization of their goals;
  • Respect for diversity. At MFG, we are tolerant of all views and know that the best solutions result from meeting them.

Values


Sustainability

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.

Empathy

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.

Visionary spirit

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.

Management Board


Stanimir Vassilev

Stanimir Vassilev

Founder and Chairman of MB
Nedelcho Spassov

Nedelcho Spassov

Founder and Deputy-Chairman of the MB
Antonia Sabeva

Antonia Sabeva

Member of MB and Chief Executive Officer
Peter Damyanov

Peter Damyanov

Member of MB and Chief Financial Officer
Tsvetan Krastev

Tsvetan Krastev

Member of MB and Chief Credit Cards & Digital Business Officer
Apostol Mushmov

Apostol Mushmov

Member of MB and Chief Credit Risk and Revenue Optimization Officer
Ivelina Kavurska

Ivelina Kavurska

Member of MB and Chief Group Projects and Strategic Development Officer
Angel Madzhirov

Angel Madzhirov

Member of MB and Sales Director