Afranga review
Updated October 1, 2026 · BrokerCue Editorial Team · Facts checked October 1, 2026
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings.
Our verdict
Afranga suits beginners who want a small entry point and a published target range on business lending. Charges of €0 and Depositing money Free; Withdrawing money Free keep running costs light, though 8% to 16% is a target rather than a promise and investor protection is listed as none.
Key facts
- Best for
- First-time lenders who want a small entry and no account fee.
- Target return
- 8% to 16% (Source, checked October 1, 2026)
- Minimum investment
- €10 (Source, checked October 1, 2026)
- Buyback guarantee
- No (Source, checked October 1, 2026)
- Secondary market
- Yes (Source, checked October 1, 2026)
- Regulators
- Financial Supervision Commission of Bulgaria (Source, checked October 1, 2026)
- Legal entity
- Afranga EOOD (Source, checked October 1, 2026)
- Headquarters
- Bulgaria (Source, checked October 1, 2026)
- Founded
- 2021 (Source, checked October 1, 2026)
- Support channels
- Email, Phone, Help-centre, Community (Source, checked October 1, 2026)
- Official website
- afranga.com
Brokers
- Minimum deposit
- €10 (Source, checked October 1, 2026)
- Account fee
- €0 (Source, checked October 1, 2026)
- Regulators
- Financial Supervision Commission of Bulgaria (Source, checked October 1, 2026)
- Investor protection
- None: not covered by any deposit guarantee scheme or investor compensation scheme (Source, checked October 1, 2026)
- Deposit and withdrawal fees
- Depositing money Free; Withdrawing money Free (Source, checked October 1, 2026)
- Legal entity
- Afranga EOOD (Source, checked October 1, 2026)
- Headquarters
- Bulgaria (Source, checked October 1, 2026)
- Founded
- 2021 (Source, checked October 1, 2026)
- Support channels
- Email, Phone, Help-centre, Community (Source, checked October 1, 2026)
- Pricing model
- Low fees
- Audience
- Beginners
Pros and cons
Pros
- The account fee is €0, so holding an account is free.
- Cash handling costs nothing either way: Depositing money Free; Withdrawing money Free.
- Minimum investment of €10 is the lowest of the 6 brands ranked on it, at position 1.
- Target return of 8% to 16% sits above Fingood's 10% to 12.9% at the top end.
- Support runs on email, phone, help centre and 1 more, and a secondary market is available for early exits.
Cons
- There is no buyback guarantee, so a loan that goes unpaid stays on your books.
- Investor protection is listed as none, so a default on a loan you funded comes straight out of your own pocket.
- Afranga publishes a target return of 8% to 16%, while Fingood's 10% to 12.9% gives you a tighter band to plan around.
Who it suits
- Beginners putting a small first amount into business loans rather than trying it with a large sum.
- Investors who want the 8% to 16% target range without an account fee eating into it.
- Anyone comfortable that the money sits outside any deposit guarantee or investor compensation scheme.
Who should look elsewhere
- Fingood, if you would rather plan around a narrower return band of 10% to 12.9% than the wider 8% to 16% Afranga publishes.
- Anyone who relies on live chat, since support runs on email, phone, help centre and 1 more.
Safety and regulation
Afranga is supervised in Bulgaria by the Financial Supervision Commission of Bulgaria, which lists it in its register of crowdfunding service providers under licence 863/12.09.2023. A named regulator is watching the platform, so the rules are enforced rather than left to your own checking. The money side is where the picture turns. Afranga lists investor protection as none, which leaves a balance held there sitting outside every deposit guarantee scheme and outside any investor compensation scheme. A licence and a compensation scheme are different things, and this one has the licence only. There is also no buyback guarantee. Afranga does not promise to take a defaulted loan back from you, and that matters more here than on a brokerage account, because the loans you fund are the direct exposure. A missed repayment stays with the lender who funded it. The result is a regulated operator with no cushion underneath your capital. Regulation tells you the rules are enforced. It does not hand your money back.
Opening and funding an account
The entry point is small. Minimum deposit is €10 and minimum investment is €10, the same amount seen from both sides: what you add to the account and what you fund with it. Afranga ranks at position 1 of the 6 brands ranked on minimum investment, against a site median of €33.04. Funding the account costs nothing. Depositing money Free; Withdrawing money Free means moving money in does not shave the target you are aiming at. Taking money out costs nothing either. There is no withdrawal charge eating into the balance, which matters when the starting amount is €10 rather than a large sum. Nor is there a monthly charge for holding it. The account fee is €0, well below the highest account fee in the group at €348.65. Afranga lists beginners as its audience through beginners, and 81% of the brands listed lean the same way, against 61.1% aimed at experienced users.
Returns and risk
Afranga publishes a target return of 8% to 16%. Read that as the level the loans are set to deliver rather than a fixed rate on your balance, because a target leaves room for defaults and for loans that simply never repay. The range is worth weighing against Fingood, whose target return is 10% to 12.9%. Fingood's band is narrower and its floor sits higher, so if you would rather know more tightly where the return lies, that comparison matters. Afranga offers more at the top end and less certainty at the bottom. Two structural features shape the risk. There is no buyback guarantee, so nothing steps in when a borrower stops paying. A secondary market is available, which gives you a route to sell your share before a loan is repaid, though that is a market for the loan and not a promise of a price. None of this money sits inside a deposit guarantee or investor compensation scheme. Alongside the missing buyback guarantee, that means a default is yours to absorb. For wider context, retail accounts across the site lose money at a median of 72%, with the middle of the range running from 66.7% to 77%.
Who runs it
Afranga trades as Afranga EOOD, is based in Bulgaria and was founded in 2021. A named legal entity is what you contract with, so the terms are worth reading against that name rather than a brand. Its authorisation comes from the Financial Supervision Commission of Bulgaria, recorded under 863/12.09.2023. Help is available through email, phone, help centre and 1 more. Email and phone reach a person, while the help centre and the community cover common questions on your own. For context, 76.8% of the brands listed offer a help centre and 62.1% offer phone support, so Afranga's mix sits on the fuller side of the group. Across the 376 brands the site lists, 234 carry a licence.
How Afranga compares
9.3 vs 9.0
9.3 vs 9.4
9.3 vs 8.7
MarketScreener
9.3 vs 9.4
9.3 vs 8.7
9.3 vs 9.0
Afranga vs XTB9.3 vs 9.3
9.3 vs 8.7
9.3 vs 8.6
9.3 vs 9.2
9.3 vs 8.7
Kitco
9.3 vs 9.1
9.3 vs 9.0
9.3 vs 9.0Pepperstone
Vaulted
wikifolio.com
Intellectia
Winvest
Libertex International
XM VN
Where Afranga is available
- Available
- Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland
- Licence in Bulgaria
- Financial Supervision Commission of Bulgaria (863/12.09.2023), checked October 1, 2026
Countries from the brand (Source, checked October 1, 2026)
Frequently asked questions
How much does it cost to hold an account with Afranga?+
The account fee is €0, so holding an account is free. Most of the brands listed also charge nothing, though the highest account fee in the group reaches €348.65. Afranga sits with the majority rather than against them.
Does it cost anything to move money in or out?+
Depositing money is free and withdrawing money is free, so Depositing money Free; Withdrawing money Free applies to both sides. That means a small starting balance can be topped up or taken out without a charge eating into it, which matters more when your minimum is €10.
How little can I start with?+
Minimum deposit is €10 and minimum investment is €10, effectively the same amount in practice. Afranga ranks at position 1 of the 6 brands ranked on that basis, against a site median of €33.04.
Is my money protected if something goes wrong?+
Afranga lists investor protection as none, so the money sits outside any deposit guarantee scheme or investor compensation scheme. The Financial Supervision Commission of Bulgaria does license the platform, so a regulator is involved, but a licence is not a guarantee of your capital.
Who regulates Afranga?+
The Financial Supervision Commission of Bulgaria, which lists it in its register of crowdfunding service providers under licence 863/12.09.2023. The operating company is Afranga EOOD, based in Bulgaria and founded in 2021, so you can check the same name against the register.
What return does Afranga aim for?+
The published target return is 8% to 16%. That is a target rather than a guaranteed rate, so treat it as the level the loans are set to deliver. For comparison, Fingood's target return is 10% to 12.9%, a narrower band, while Afranga's model is listed as low fees.
What happens if a borrower stops paying?+
There is no buyback guarantee, so Afranga does not promise to take the loan off your hands if the borrower defaults and the loss stays with you. A secondary market is available, though, which lets you sell your share in a loan before it is repaid rather than waiting for the full term.
How do I get help if something goes wrong?+
Support runs on email, phone, help centre and 1 more: email, phone, a help centre and a community. Email and phone reach a person for anything urgent, while the help centre and the community handle common questions on your own. A live chat channel is not among the options.
Sources
- afranga.com checked October 1, 2026
Backs: Audience, Founded, Headquarters, Investor protection, Minimum deposit, Pricing model
“Investor Guide Beginner-friendly P2P articles”
- afranga.com/how-it-works checked October 1, 2026
Backs: Minimum investment, Target return
“The minimum investment on Afranga is just EUR 10 for both SaveSmart and the Marketplace.”
- afranga.com/price-list checked October 1, 2026
Backs: Account fee, Buyback guarantee, Deposit and withdrawal fees, Legal entity, Secondary market, Support channels
“Account service Free”
- fsc.bg/en/registers-and-checks/register-of-crowdfunding-s... checked October 1, 2026
Backs: Regulators, Licences
Compiled from 4 source pages, checked October 1, 2026. We did not open an account.