Founded in 2009, Software Group builds digital banking and integration solutions centered on its award-winning DigiWave platform and prebuilt solutions. The company serves a global client base of more than 200 banks and financial institutions across over 70 countries from nine regional offices. Its platforms and solutions claim to impact more than 100 million people and are used to enable nationwide payment and financial service platforms, support SME growth, and accelerate financial inclusion. Software Group partners with clients including foundations, development banks, and large financial institutions to drive digital transformation in emerging markets. The company is focused on enhancing product offerings and extending market reach as part of its growth strategy. The recent investment will support continued innovation and the company’s mission to create next-generation financial and public services. Software Group signed an €18m loan with the European Investment Bank (EIB). The financing is non-dilutive and will be used for additional innovations, R&D and marketing. The EIB reviews over 2,000 applications per year and supports only about 1–2% across Europe, underscoring the selectivity of its backing. Software Group is the first such EIB investment in Bulgaria to pass the bank's rigorous due diligence process and has become a showcase deal for the country. The press release frames the transaction as a high-profile endorsement and establishes a funding relationship with the EIB. Software Group builds software technology for the global microfinance sector, serving clients across 65 countries. The company targets the $100bn microfinance market with its cutting-edge platform. It is nine years old and headquartered in Sofia. Management reports spectacular ARR growth, though no specific revenue figures are disclosed in the article. CEO Kalin Radev is featured in BrightCap’s Capital^People podcast discussing microfinance trends and the company. No future product roadmap or financing uses were detailed in the article.

Total raised

$34M

Funding rounds

3

Latest round

Equity

Latest activity

Dec 2023