Founded in 2016, Klear operates a registered financial-institution-backed P2P lending marketplace focused primarily on Bulgaria. Since launch, roughly €4.3 million has been originated through the platform, with about 1,200 investors funding close to 1,000 consumer loans for purposes such as home renovations, car purchases and debt refinancing. Investors currently earn advertised returns between 4.7% and 7.7%, while Klear earns revenue from fixed service fees. Management plans to triple the platform’s volume in Bulgaria within the next 12 months and then expand into other Central and Eastern European markets, leveraging a forthcoming passportable banking licence via its new strategic partner. The company also intends to roll out an additional lending product in the near term. Klear positions its offering more as a savings instrument than a mainstream loan vehicle and acknowledges credit-risk management as a core operational focus. The team will direct new capital toward marketing, product development and talent acquisition to support its ambitious growth targets.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2019