Afranga is excited to welcome Tiberus – a fast-growing, innovation-driven automotive leasing company – as the newest Loan Originator on our platform. Tiberus brings a powerful combination of fintech expertise, risk management discipline, and asset-backed security to our investor community.
With a solid track record, strong financial performance, and a highly efficient business model, Tiberus is set to become a standout addition for investors seeking both stability and attractive returns.
About Tiberus
Tiberus is an independent car-leasing company and a non-banking financial institution registered with the Bulgarian National Bank. Its mission is to transform the experience of buying a car by offering fast, intuitive, and accessible leasing solutions.
The company provides financing from BGN 5,000 to BGN 100,000, enabling customers to acquire their desired vehicle – new or pre-owned – within just 24 hours, a speed unmatched in the market where competitors typically take 5–7 days.
Tiberus operates both online and through 5 physical office locations across major Bulgarian cities, while also serving as a preferred financing partner to high-volume used-car dealerships nationwide.
Why Tiberus Stands Out
1. Asset-Backed Lending with Strong Collateral
Tiberus finances vehicles at up to 70% LTV, keeping ownership of the car until full repayment. Because the collateral is a liquid asset with stable resale value, repossessed vehicles sell for more than the outstanding receivables, creating a near-zero effective credit loss.
2. A Market-Ready Digital Fintech Platform
The entire leasing journey – from application to registration – is redesigned for speed and transparency. Customers can apply online, receive risk assessment, sign the lease, and drive their registered vehicle in only one day.
3. Proven Demand & Market Leadership
The used-car financing segment in Bulgaria has historically been underserved. Tiberus entered precisely this gap and quickly proved the strength of its proposition.
Market Overview: A Growing Opportunity
The Bulgarian car-leasing market represents BGN 3.5+ billion in receivables and has shown a strong growth trajectory with a CAGR of 18% between Q3 2020 and Q3 2025.
Car ownership remains a top priority for consumers, driven by both practicality and social status – making auto leasing one of the most resilient and emotionally driven financing categories.
Performance Snapshot (as of September 2025)
Operational Performance
- 900+ vehicles leased
- 1,000+ leasing contracts concluded
- BGN 12.6M disbursed
- BGN 9.9M outstanding principal
- 24-month average term
- 90% of due installments collected within 60 days
Only 5% of loans experience delay and these are fully compensated through vehicle sales.
Financial Highlights
- EUR 7.2M+ total disbursed since inception
- EUR 2,05M+ current annualized revenue
- Net profit margin > 20%
Tiberus has validated its business model through a successful pilot run at Stikcredit and continues to scale rapidly.
What This Means for Afranga Investors
With Tiberus now joining Afranga, investors can access:
- Up to 12% annual interest
- 1% cashback during the promotional period*
- A portfolio backed by liquid, high-value vehicle assets
- A lender with robust financial performance
- A rapidly scaling business in a high-growth market
This combination makes Tiberus a compelling choice for both diversification and stable, attractive returns.
Start Investing in Tiberus Today
Tiberus is now live on Afranga. Discover a new generation of secure, asset-backed leasing and take advantage of the launch promotion while it lasts.
If you have questions, our team is always here to help.
*The promotional offer is valid until Dec 30, 2025. First loans will be available on Dec 16, 2025