For a fourth consecutive year, the Bulgarian Fintech Association (BFA) published its Annual Fintech Report which highlights the achievements of the digital finance industry in Bulgaria and Southeastern Europe. Once again, the Report was created in partnership with Innovative Sofia, the digitalization and innovation unit of the Sofia Municipality, and more than 15 private and public key stakeholders.
The FinTech Mapping is a visual representation of the FinTech industry in Bulgaria. BFA’s data encompasses more than 95% of the industry in the country and all interested in the development of the sector parties, including the Entrepreneurial ecosystem, Regulators, FinTech supporting companies, and institutional players, among which Invest Sofia is also listed as a supporting the Bulgarian fintech sector organization.
Four of the Top 5 best performers by total revenue in this year’s Report are companies with main operating offices in Sofia. These are Datecs, Paysafe, Easy Payment Services, and Experian. myPOS, also part of the Top 5, has a main operating office in Bulgaria based in Varna and another one – in Sofia. In 2021, their revenue accounts for around 48% of the total annual revenue of the Bulgarian Fintech sector.
More highlights from the Report
The Annual Fintech Report 2022 was officially presented at an event in Sofia Tech Park. The launch was live-streamed and a video recording is available on the YouTube channel of the BFA here. Free download of the Report is available on the website of the Association at: https://fintechbulgaria.org/annual-fintech-report-2022/