Tzvetkova, Tzvetkov & Dobreva has advised ITF Group on a dual acquisition of a majority stake in Klear and a 20% stake in FinBiz Technologies. Dimitrova, Staykova & Partners reportedly advised Klear and FinBiz Technologies.
ITF Group is a Bulgarian financial services company listed on the Bulgarian Stock Exchange.
Klear is a Bulgarian fintech company.
FinBiz Technologies is a software company that develops a fintech platform designed for digital origination and management of loans.
According to Tzvetkova, Tzvetkov & Dobreva, the transactions position ITF Group to expand into digital consumer lending, via Klear, and SME-focused digital financing solutions, via FinBiz Technologies.
The Tzvetkova, Tzvetkov & Dobreva team included Managing Partner Stefan Tzvetkov, Partner Elena Stoilova-Dobreva, and Junior Associate Preslava Belyakova.