company timeline
1993
Opening the first pawn shop in Sofia, where customers could lend money for gold or mortgage
2005
Sofia Commerce Pawn Shops become public traded company in Bulgarian Stock exchange
2018
Registration of a new separate company as a non bank financial institution.
SofCom leasing is specialized in mortgage loans.
2023
Company becomes IPO tech Sofcom – integrating the latest technologies in the loan process and assessment.
competitive advantage
Why we are better?
Over 30 years of experience
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Expertise: With three decades of experience, you are likely to have a deep understanding of the industry, including its trends, regulations, and best practices. This expertise can help you make informed decisions and provide better service to your clients.
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Established network: Over the years, you have likely built a robust network of contacts in the industry, including lenders, brokers, and other professionals. This network can help you access better deals, gain new clients, and stay up-to-date with the latest industry news.
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Reputation: With a long history in the industry, you have likely established a reputation for reliability, expertise, and trustworthiness. This reputation can help you attract new clients and retain existing ones.
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Insights: Having seen many different loan scenarios and outcomes over the years, you may have developed unique insights into how to structure deals, mitigate risks, and optimize returns. These insights can provide a valuable competitive edge.
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Flexibility: With 30 years of experience, you have likely encountered a wide range of loan scenarios and can adapt to changing market conditions, client needs, and regulatory requirements. This flexibility can help you stay ahead of the curve and provide better service to your clients.
Fintech
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Expertise: With three decades of experience, you are likely to have a deep understanding of the technology that is currently used in the industry, as well as new technology that is emerging. This expertise can help you make informed decisions about which technology to adopt and how to use it to improve your business operations.
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Innovation: With an understanding of new technology, you are in a better position to identify new opportunities to innovate and improve your business. This can help you stay ahead of the competition and provide better service to your clients.
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Efficiency: By using the latest technology, you can streamline your business operations, reduce costs, and increase efficiency. This can help you offer more competitive rates and better service to your clients.
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Data-driven decisions: Technology in loans generates a vast amount of data that can be used to gain insights into customer behavior, preferences, and creditworthiness. With your expertise in this area, you can use data analytics to make more informed decisions about which loans to offer, how to price them, and how to manage risk.
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Customer experience: With new technology, you can provide a better customer experience by offering faster loan processing, online applications, and other digital features. This can help you attract and retain more customers who value convenience and speed in their loan transactions.
LAW FINANCIAL RISK
A company with low risk for loans due to collateral is one that has valuable assets that can be used as collateral to secure a loan.
Large mortgage portfolio
Our average loan size is 30,000 BGN. Our clients take out mortgage loans for a term of 10 years, but they usually repay them within 2 years, which makes us liquid.
MISSION AND VALUES
Our mission is to use the latest technologies in building fast and efficient lending solutions for the Bulgarian market.
Expansion: We provide financing to people and businesses who are often rejected by traditional banks. We believe that financial rehabilitation is crucial for personal and economic growth.
Innovation: We constantly strive to innovate and revolutionize the lending industry. By using advanced technologies and data analysis, we can provide our clients with personalized solutions that meet their unique financial needs.
Ease: We are committed to simplifying the lending process for our clients. From the initial application to loan disbursement, we aim to make borrowing as easy as possible. Our streamlined process ensures that our clients can focus on their goals and not get bogged down in paperwork or lengthy approval times.
