Bulgarian FinTech firms have attracted nearly $6 million in investment this year. In fact, while the country’s FinTech industry may be young, with each passing year its contribution to the economy grows. For example, investments in Bulgarian FinTech companies have grown from BGN 1.3 million...
Payments and expense platform Payhawk raised an additional $100 million at a valuation of $1 billion, in an extended Series B funding round led by Lightspeed Venture Partners, making the startup Bulgaria’s first unicorn. Also participating in the funding were new investors Sprints Capital, Endeavor...
First Investment Bank (Fibank) is the first Bulgarian bank to offer the SWIFT Global Payment Initiative (gpi), according to a press release. SWIFT gpi provides fast international payments, and in September the bank started offering payments through the platform, which it said helped to not...
The National Revenue Agency (NRA) in Bulgaria was fined 5.1 million levs ($2.9 million) by the country’s data-protection agency over a data breach that compromised the personal information of almost every adult in the country. Reuters is reporting that the tax agency said it was...
January 12, 2023
Bulgarian police have reportedly raided cryptocurrency lender Nexo in a money laundering and tax probe. Authorities are looking into Nexo on suspicion of money laundering, tax crimes and offenses involving unlicensed banking activities, Siyka Mileva, a spokesperson for Bulgaria’s chief prosecutors, told reporters, per a report by Bloomberg News on Thursday (Jan. 12). The raid, […]
October 07, 2019
First Investment Bank (Fibank) is the first Bulgarian bank to offer the SWIFT Global Payment Initiative (gpi), according to a press release. SWIFT gpi provides fast international payments, and in...
August 29, 2019
The National Revenue Agency (NRA) in Bulgaria was fined 5.1 million levs ($2.9 million) by the country’s data-protection agency over a data breach that compromised the personal information of almost...
July 16, 2019
The finance minister in Bulgaria admitted that a hacker stole millions of people’s data, and that almost every taxpaying adult in the country was affected, according to a report by...
