On January 6, trading in shares of MFG Invest AD began on the BEAM market of the Bulgarian Stock Exchange, following the success of the initial public offering (IPO) on December 6, 2022, in which the company raised over BGN 4 million.

The amount of the issue of MFG Invest AD is BGN 10,795,016, divided into the corresponding number of shares. The company's books are traded on beam under the ticker MFG.

"Investors believed in our development strategy not only of MFG Invest, but also of the entrepreneurial environment through our support for it. Our job now is to justify and build on that trust every day by managing the MFG Invest portfolio with responsibility, sustainability and vision. Follow the news around us. We are yet to present inspiring entrepreneurs and companies in which we ourselves believed," said Stanimir Vasilev, co-founder of MFG Invest AD, at the opening of trade today.

"The BEAM market is establishing itself as an accelerator for young and ambitious Bulgarian companies. This is also evident from the market's support for risk investment companies, such as MFG Invest, which give their shareholders the opportunity through them to invest in portfolios of dynamically developing startups," said Prof. Dr. Manyu Moravenov, executive director of BSE.

MFG Invest is a company that invests in startup and growth companies in the field of fintech, e-commerce, creation and sale of technology. Part of MFG Invest's current portfolio are the companies Payhawk, eBag, Boleron, Tiger Technology, Eleven Capital, LogSentinel, Settle, KOA, Pop and Vedamo among others.

The funds raised through the BEAM market will be used for investments in new companies, as well as for subsequent investments in companies already in the company's portfolio. MFG Invest is looking for dynamic companies with highly motivated management who are fully committed to achieving business success and share a common vision and values.

When evaluating investments, the company focuses on two important factors - the team, together with the founders, and technological solutions. The company's business idea and business model, their uniqueness, the possibility of scaling the activity in foreign markets, the competitive environment and what advantages the company has over its direct competitors are also evaluated.

The planned new investments as a result of the capital increase are:
  • Tiger Technology – additional investment;
  • Infinno - a new investment. The company offers software solutions for the banking and financial sector;
  • Ondo - new investment. The company develops software and hardware for process automation in small and medium-sized farms;
  • NewPay – new investment; BNPL (Buy Now, Pay Later) company;
  • Eleven Fund III Cooperatief U.A. Netherlands - additional investment.