Iuvo belongs to Administration Financial Team (MFG), which begins its service in Bulgaria and also it entertains in its framework with over 17 years of experience. A lot of financiers understand that the system is very closely gotten in touch with Bulgaria and also huge component of the supervisory and also functional procedures of the business occur in the workplace in Sofia.
We see outstanding potential customers for the development of iuvo and also the strategies to understand them aspire. In order to accomplish the targeted objectives and also to excellent the solutions of iuvo, we intend to relocate the enrollment of the system to Bulgaria. The modification belongs to the approach of Blagovest Karadzhov, chief executive officer of iuvo, for long-lasting growth of the business and also component of the prepare for greater performance of the administration, which objective is for iuvo to turn into one of the Leading 3 business by spent funds in the P2P section.
” We are honored to be able to mention our beginning by signing up in Bulgaria, where our concept and also service originate from, and also to capitalize on the financial setting in Bulgaria, so we can remain to bring optimum included worth to the financiers on the system.”, shared Blagovest Karadzhov, chief executive officer of iuvo. “The group is mostly Bulgarian right now. A few of our most significant producers are from Central and also Eastern Europe and also are favored by our financiers throughout Europe. We are the undeniable leader on the Bulgarian market. Bulgaria is among the primary fintech, IT, and also outsourcing centers in Europe. Relocating our service procedures below will substantially reduce the prices for keeping the system, which permits us to spend much more in innovations and also to satisfy our passion for supplying the very best UX/UI to our financiers soon.”
It is really vital to keep in mind that there will certainly be no adjustments for the funds of the financiers, and also the job of the system will certainly remain to resemble it was previously. We purely comply with the AML/CFT laws of the European Union and also this will certainly remain to resemble that. Our job will certainly remain to resemble it was previously
Currently, iuvo is controlled by the Estonian Financial Guidance Authority and also the business is signed up according to the regulation of the Republic of Estonia. In Bulgaria, we intend the enrollment of iuvo to maintain working under the neighborhood guidance. Concerning our prepare for supplying extra solutions to our customers, we will begin a treatment of enrollment as an agent of an e-money business.
One more modification that occurred this year is the actioning in of Blagovest Karadzhov as a chief executive officer of iuvo in April 2022. He entered into our household after over two decades on administration settings in various business concentrated in technologies and also high innovations. Blagovest has comprehensive experience in developing and also handling intricate services in the area of fintech, ecommerce, and also telecommunication. Component of Blagovest’s concerns for the very first number of months as a chief executive officer is to highly upgrade the system, technologies, and also going into brand-new markets.
” In the following 2 years, my primary objective is for iuvo to be in Leading 3 by spent funds amongst the systems in the section. I am encouraged that we have the complete possibility to accomplish it.”– Blagovest Karadzhov
For the 6 years because its launch, iuvo has more than 30 000 financiers and also virtually EUR270 million turn over on the marketplace, which have actually brought an ordinary yearly return of 9.2% to the financiers because the beginning of the system previously. For several years, iuvo has actually been amongst the most significant systems by market share in continental Europe. The bulk proprietor of the system is MFG, which has nonbank banks and also fintech business on 7 markets in Europe and also United States. The goal of iuvo remains to be supplying ingenious items, which satisfy the passions of producers and also financiers, when it comes to this objective we aim to frequently broaden the reach of our collaborations, and also to bring in brand-new financiers, whom to use very easy, instinctive and also practical to utilize items, private strategy, and also appealing terms on the system.