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Cash Credit

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Bulgaria

Founded in

2011 (14 Years)

Founded

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2.67

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Security Information

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    What are the differences in regulations for each

    License

    A Grade License

    Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

    B Grade License

    Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

    C Grade License

    Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

    D Grade License

    From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

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    Company Information

    Get to know Cash Credit

    Cash Credit is a tech-based non-banking financial institution founded in 2011 in Bulgaria, which works in partnership with mobile network operators to offer micro financial services to mobile subscribers. The company uses an innovative, proprietary credit scoring approach to offer consumers rapid credit decisions, with convenient service and billing through their partner operators. Cash Credit partners in Bulgaria with the country’s two largest mobile network operators. MTEL, part of Telekom Austria Group, was Cash Credit’s first partner in Bulgaria. MTEL clients have access to micro-financing as a part of the mobile operator’s product portfolio. The second company to become Cash Credit’s partner in this unique business model was GLOBUL. Cash Credit is the first and currently the only company that operates in such integrated partnership, providing many benefits for clients and for mobile operators, because our service is quick, technological, and secure, while being really convenient. Cash Credit’s services in partnership with MTEL and GLOBUL are available in all MTEL, GLOBUL and GERMANOS stores. Mobile operator staff grant funds within a few minutes at the mobile operator’s stores. The main difference in Cash Credit’s service is its innovative scoring, which allows more precise customer evaluation while remaining a completely automated process.

    Industry

    • Financial Other ServicePRIMARY

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