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Apr 28, 2022 14:16 EEST
April 28 (SeeNews) - Bulgarian quick loan company Credissimo will further expand its business in Latin America and Europe as part of its long-term strategy for business growth, local media reported on Thursday.
After its entry into the Colombian market, Credissimo is determined to strengthen its position in the region by preparing for the start of operations in another market in Latin America, news outlet Investor reported.
Credissimo expects to start offering its services in Spain by the end of 2022. The company is also working on its expansion towards two Western European markets, one of which is Germany.
The Spanish market is way larger than the Bulgarian one, and although the consumer lending segment there is highly competitive, it still offers great growth potential, Investor quoted Georgi Rukov, director of international development at Credisismo, as saying.
Credissimo also plans to launch a completely new product this year, integrated into an innovative high-tech platform, according to Investor.
Sofia-based Credissimo is a high-tech company specialising in non-banking financial services. Elsewhere in Southeast Europe, Credissimo operates in North Macedonia.
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