Germanys Varengold Bank launches operations in Bulgaria

Monday 26 November 2018 00:12 CET | News

Germany-based Varengold Bank has commenced operations in Bulgaria.

There is a large number of tech companies in Bulgaria, a lot of them with a solid growth potential, which, combined with the growth of the Bulgarian economy, makes the country suitable for being a major hub for the banks expansion in Southeast Europe (SEE).

Varengold Bank specialises in Marketplace Banking, which includes financing non-banking institutions providing fintech solutions.

According to data from Bulgarias commercial register, Varengold Bank has set up its branch in Sofia in May 2018.

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Keywords: Varengold Bank, Bulgaria, fintech, marketplace banking
Countries: World