Bulgarian Development Bank
1 Dyakon Ignatiy Str., Sofia, Grad Sofiya, 1000, Bulgaria
Overview
Bulgarian Development Bank (BDB) is a financial institution 99.9%-owned by the Bulgarian state. It was established in 1999 as the Encouragement Bank with main focus to support small and medium-sized enterprises. BDB is among the top four Bulgarian banks in terms of credit rating, rated "BBB" with a positive outlook by Fitch Ratings. It is the only Bulgarian bank to provide direct financing as well as financing via other credit institutions. BDB is the best-positioned local bank to raise funds from international partners. Its subsidiaries are the National Guarantee Fund, which issues guarantees for bank loans to the non-financial sector; the Micro Financing Institution Jobs, which provide financing to SMEs and start-ups; the Capital Investments Fund as well as the BDB Leasing and BDB Factoring.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Financial Services
Investment portfolio
- Evrotrust
Led · Equity · Feb 2023
Evrotrust is a European identity and qualified trust service provider offering a fully reusable digital identity platform that meets the EU’s eIDAS regulation. The solution covers remote identity verification, qualified electronic signatures, trusted timestamps, and electronic delivery, and is listed on the EU Trusted Lists as an EU-notified electronic identification scheme. Today the platform supports more than 2 million users from 61 nationalities and serves over 200 enterprises across 11 countries, helping clients meet AML, KYC, and eIDAS 2.0 requirements. With the European Commission targeting 80 % adoption of EU Digital Identity Wallets by 2030, Evrotrust aims to capture growing demand for compliant digital identity and signing solutions. The company is prioritizing expansion in Germany, Austria, and the wider Central and Eastern European region, where enterprises are already using its technology to centralize onboarding and signing workflows. Proceeds from its latest financing will be used to scale the platform and extend its customer base across the DACH and CEE markets.
Team
No current team members are available.