February 4, 2026 For investors

At Bondster, we regularly evaluate the financial performance of loan originators. This time, we focused on the Bulgarian company ITF Group JSC, which has been growing steadily and delivering outstanding results. The data confirms that investors on the Bondster platform gain access to verified and high-quality loan providers.

ITF Group JSC is a well-established and dynamically growing Bulgarian fintech company providing consumer loans. In 2025, it achieved record results with a positive trend across all key performance indicators: portfolio expansion, profitability and liquidity.

From a financial performance perspective, ITF Group is among the fastest-growing companies on the platform. The four-year portfolio CAGR reaches 46%, while collections have long exceeded new disbursements, which indicates strong credit portfolio quality. Return on assets reached a historic high of 21.7% in Q3 2025, while EBITDA on a TTM basis amounts to EUR 5.18 million. At the same time, the company is steadily strengthening its liquidity and capital position, generating stable and growing cash flow and keeping its cost base under control, with expenses rising significantly more slowly than revenues and the overall portfolio size.

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“ITF sees itself as a fintech company whose success is driven by innovation and exceptional customer experience. An integral part of this experience is our highly responsible approach towards both clients and investors. Through our business model, we aim to offer investors attractive long-term alternatives via various investment instruments. We have set very ambitious growth targets for ITF. According to our forecasts, in 2025 we expect an expansion of the client portfolio and sustainable growth in loan volumes. Our goal is to keep revenues and profits growing at a very high pace in the coming years,” says Svetoslav Angelov, CEO of ITF Group.

“What stands out the most is the growth in profitability. Since joining our platform in 2020, ITF has significantly increased its profit every year, and the current results confirm the continuation of this strong trend,” adds Jiří Hronek, financial analyst at Bondster.

The company is regulated by the Bulgarian National Bank and, since 2022, its shares have been publicly traded on the BEAM segment of the Bulgarian Stock Exchange. It specialises in personalised non-bank financing and has more than ten years of experience in the industry. On the market, it is well known under the SmileCredit brand and ranks among the top five online consumer loan providers in Bulgaria. In addition to its core online business, ITF also operates a network of physical branches.

ITF has been active on the Bondster platform since 2020 and has built strong trust within the investor community. Nearly five thousand investors have so far invested approximately EUR 21.8 million into ITF Group via Bondster. The average investment per investor is around EUR 4,600, indicating a broad and well-diversified investor base.

Stable and verified loan originators

ITF Group’s efficient business model is built on innovative technological solutions and a strategic focus on customer experience. Thanks to its proprietary scoring models and fully digitalised processes, ITF Group can effectively manage credit risk. According to our internal assessment, it ranks among the most stable originators on the Bondster platform, with significant growth potential.

ITF Group thus confirms that investing in loans on Bondster can deliver stable returns. However, it is not the only originator worth attention. The platform also offers other Czech and international companies that have long been proving their reliability and quality. Explore the current offer and start earning.

How can investors invest in ITF Group on Bondster?

On the Bondster platform, investors can participate in the financing of ITF Group by investing in its loans. These investments are offered with a fixed return, currently reaching 12% p.a., and allow investors to take part in the operations of a stable and growing loan provider without the need to handle the operational or administrative aspects of financing. As with any investment, it is important to take risks into account and approach investing responsibly, with an emphasis on diversification.

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Author: Bondster Editorial Team

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