Lenno raises additional BGN 7 mln. among debt and equity

The deal values the company at over BGN 64 mln. – George Tonkov, Chairman of the Board of Directors.

Lenno raises additional BGN 7 mln.  among debt and equity

Thus, the financial holding Lenno already manages over BGN 30 mln. of assets and the services it provides include: mortgage, business and consumer loans, financing for traders, investment services, trading in various financial instruments, including forex, stocks, indices, commodities and cryptocurrencies.

At the end of 2018, the company raised nearly BGN 2 mln. equity from a strategic Japanese investor to continue offering new and innovative financial services and solutions. The total equity raised by foreign investors is now BGN 5.3 mln.

The investors are once again from Japan and are of extreme strategic importance for Lenno's future. We will work hard in several directions- to offer the best non-bank mortgage and business lending in Bulgaria, to finance traders from all over Europe, to provide the best spreads and execution on over 1000 financial instruments, to launch second trading platform, to hire 150+ professionals based in Plovdiv, Sofia, London, Madrid and Vilnius — adds George Tonkov, Chairman of the Board of Directors.

Lenno JSC is a financial institution registered with the Bulgarian National Bank in 2013. With over BGN 20 mln. in originated loans, the company ranks among the leaders in the niche of collateralized non-bank lending and an absolute innovator in financing for traders.

The company makes its first acquisition at the end of 2017 when Lenno JSC acquires 100% of the shares of an investment intermediary licensed by the Financial Supervision Commission, which it subsequently renames to Lenno Global Advisory JSC. After a long restructuring, the company holds over BGN 55 mln. of clients' assets, is a member of the Bulgarian Stock Exchange and the Central Depository, and offers CFD trading through a modern trading platform across the EU.

Trade Responsibly: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.08% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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