Introducing Tiberus
Afranga is excited to welcome Tiberus — a fast-growing, innovation-driven automotive leasing company — as the newest Loan Originator on our platform. Tiberus brings fintech expertise, risk management discipline, and asset-backed security.
About Tiberus
Tiberus operates as an independent car-leasing entity and non-banking financial institution registered with Bulgaria's National Bank. The firm finances vehicles between BGN 5,000 and BGN 100,000, enabling customers to acquire their desired vehicle — new or pre-owned — within just 24 hours. The company maintains five physical offices across Bulgarian cities and partners with used-car dealerships nationwide.
Key Differentiators
Tiberus finances vehicles at up to 70% loan-to-value, maintaining ownership until repayment completion. This approach creates near-zero effective credit loss since vehicles represent liquid collateral with stable resale value.
Tiberus operates a fully digital platform enabling customers to complete applications, risk assessments, lease agreements, and vehicle registration in a single day.
Market Context
Bulgaria's car-leasing market represents BGN 3.5+ billion in receivables with an 18% compound annual growth rate between Q3 2020 and Q3 2025.
Performance Metrics (September 2025)
- 900+ vehicles leased
- 1,000+ contracts concluded
- BGN 12.6M disbursed
- BGN 9.9M outstanding principal
- 24-month average term
- 90% of due installments collected within 60 days
- EUR 7.2M+ total disbursed since inception
- EUR 2.05M+ annualized revenue
- Net profit margin exceeding 20%
Investor Benefits
Afranga investors can access up to 12% annual interest plus 1% cashback during the promotional period (valid through December 30, 2025). Loans became available December 16, 2025.
