14.09.2022
THE BULGARIAN DEVELOPMENT BANK HAS LAUNCHED A DIGITAL PLATFORM TO HELP BUSINESSES
How to help entrepreneurs from anywhere in the country to get financing completely online and quickly and easily turn their ideas into a working business? This is the mission of Business Booster - the new digital platform of the Bulgarian Development Bank.
It was officially launched yesterday. Business Booster is a huge relief for micro, small and medium-sized companies in the country in need of financing, as the bank does not have a branch network.
The possibilities of the platform for supporting Bulgarian entrepreneurship were presented by the executive director of BDB Tsanko Arabadzhiev, the executive director of the subsidiary "BDB Microfinance" Ivana Tsaneva, the technology partner Software Group and the authors of the main graphic vision ROBO Lab.
The premiere of Business Booster was attended by the bank's partners in the implementation of the platform, Eurotrust and Borika, and representatives of the leading business associations and stakeholders in Bulgaria (Executive Agency for the Promotion of Small and Medium Enterprises, Invest Bulgaria Agency, Association of Industrial Capital in Bulgaria, Bulgarian Industrial Association, Bulgarian Chamber of Commerce and Industry, etc.), as well as many clients of the bank.
The platform started with the "Microstart" program, which offers financing up to BGN 50,000. The addition of new financial programs in Business Booster for the needs of small and medium-sized businesses is forthcoming.
Users will be assisted by the digital assistant Vicky - a 3D animated image that will help in every step of successfully using Business Booster.
All necessary documents are completed and signed entirely online. To create a company profile, it is only necessary to enter a Single Identification Code and the data is loaded automatically through integration with the Commercial Register. A qualified electronic signature is also needed, for which the platform works with Eurotrust.
By the end of the year, a back office system will be introduced that will speed up the examination of credit applications - Credit Quest.
Business Booster also offers a free "Business Academy" - training with manuals, video lessons and a digital library, where all necessary forms and documents for starting a business are published, as well as a special tool for creating a business plan - Business Plan Wizard.
To ensure entrepreneurs sell their products, BDB's new digital platform also enables them to easily and free open an online store with a built-in invoicing module.
