Page 19 - FintechAtlas2019

Size
Funding trends
# of active local fintechs
Cumulative funding 2008-2019
€25M
19
34% 18
612+4++29+35+6+8 240+56+11++
€20M
€15M
€10M
€5M 0
6%
3
8% 6% <1% 2% <1% 4 3 4%
2
6 11% 42%
52 €62M
16
31%
56%
Technology Support
Insurance Corporate Banking Retail Banking SME Banking
Top VC investors
Eleven
PostScriptum Ventures
Black Peak Capital
Impetus Capital
Asterion Capital
Blockchain Capital
StartUp Next
BrightCap Ventures
Varengold Bank AG
TMT Investments
Capital Markets Wealth Management
2014 2015 2016
Debt Seed/Angel
2017 2018
Series A
2019
Series B
Not specified
Corporate Minority
Top funding rounds 2019
Investor
# of investment
Company Funding Date Funding (€)
Software Group 4/2019 17.8M
Colibra 2/2019 2M
Klear 6/2019 741.2K
A4Everyone 12/2019 564.4K
7
3
3
3
2
1
1
1
1
1
Selected Top VC investors ranked by number of investment in local fintechs from 2008 to 2019. Lowest category ranked by date of investments.
Sources: Tables include fintechs headquartered in Bulgaria. Funding rounds and amounts are relative to the period from 2008 to 2019 and exclude M&A, IPO and ICO deals, but include debt. Source: BCG FinTech Control Tower
Country data
Population 2019 (M)
GDP total 2019 (€ Bn)
GDP per capita 2019 (€, at PPP)
GDP growth 2019 (% yoy)
GDP growth 2020 (% yoy)
Official currency
7
60.7
14,300
3.4
-6
BGN
Total bank assets 2019 (€ Bn) 58 Total bank assets (% of GDP) 96 Account ownership 2020 (% of population) 75 Debit card ownership 2020 (% of population) 72 Internet usage 2018/2019 (% of population) 65 Usage of internet to pay bills 2020 (% of population) 40 Sent/received digital payments 2020 (% of population) 73 Source: national sources, ECB, ITU, World Bank, RBI/Raiffeisen RESEARCH; estimates for 2020 penetration ratios
Source: IMF, ITU, World Bank, RBI/Raiffeisen RESEARCH, data for 2019 and estimates for GDP growth 2020
296.7K
1.3M
400.5K
103.9K 302.9K
5.1M 5.5M 94.3K
2.5M 7.4M
10.3M
515.1K
18.4M 2M
21.1M
741.2K