Afranga has built a strong case for itself: ECSP regulation, returns around 13.9%, a zero-default record, and a growing six-originator marketplace. It deserves a place in a diversified P2P portfolio, and it has one in mine.
So why look elsewhere?
A few reasons. Afranga has no auto-invest, so every reinvestment is manual. Its secondary market is limited, so exiting early is hard. It leans heavily on Stikcredit and the Bulgarian market, which concentrates your risk. And the 10% Bulgarian withholding tax eats into your net return if you can’t fully reclaim it. Each of these is a reason to hold other platforms alongside it. Here are the ones I’d use.
Quick Comparison: Afranga vs the Alternatives
| Platform | Best For | Avg. Returns | Regulation | Auto-Invest | Review |
|---|---|---|---|---|---|
| Nectaro | Higher yield + no withholding tax | ~13.5% (14.91% in 2025) | MiFID II licensed | Yes | Review |
| Mintos | Diversification and scale | ~12% | MiFID II licensed | Yes | Review |
| PeerBerry | Track record + loyalty bonus | ~11% | Not regulated | Yes | Review |
| ViaInvest | MiFID II model with liquidity | ~12-13% | MiFID II licensed | Yes | Review |
Nectaro: Higher Yield, No Tax at Source
Nectaro is the closest swap if Afranga’s withholding tax and missing auto-invest bother you. It’s MiFID II regulated, returned 14.91% in 2025, withholds no tax at source, and has a proper auto-invest tool with a +0.29% bonus and Smart Reinvest. Its weakness mirrors Afranga’s in reverse: concentration in two Dyninno-affiliated originators. But for net yield and convenience, it’s the strongest like-for-like alternative.
Mintos: The Diversified Core
If Afranga’s reliance on Stikcredit and Bulgaria is your concern, Mintos is the fix. More than 60 originators across 33+ countries, plus bonds, ETFs, and real estate, all MiFID II regulated with a secondary market and full auto-invest. Returns are lower (~12% advertised, ~9% realized in my experience) and there are modest fees, but no platform diversifies your loan book as widely. It’s the natural core to anchor a portfolio that includes a concentrated platform like Afranga.
PeerBerry: Proven and Automated
PeerBerry trades Afranga’s ECSP regulation for scale and track record. It’s not regulated under MiFID II or ECSP, but it has run since 2017 without major defaults, has auto-invest, charges zero fees, withholds no tax at source, and rewards larger investors through its loyalty program. If you want a more established, hands-off platform and can live without the regulatory framework, PeerBerry is a strong choice.
ViaInvest: Regulated With Liquidity
ViaInvest is MiFID II regulated, has auto-invest, and offers a working secondary market, three things Afranga either lacks or limits. Returns sit around 12-13% from short-term consumer loans, and the platform is backed by VIA SMS Group, operating since 2009. If liquidity and automation are what you’re missing on Afranga, ViaInvest delivers both inside a regulated wrapper.
How to Choose
If you want Afranga’s high yield without the withholding tax, go to Nectaro. If you want broad diversification, Mintos. If you want auto-invest and liquidity while staying ECSP regulated. If you want a long track record with automation, PeerBerry. And if you want a regulated platform with a secondary market, ViaInvest.
As with Afranga, the right approach for most investors is to pair, not replace. Keep Afranga for its yield and clean record, anchor the portfolio with a diversified core like Mintos or Nectaro, and use one or two others to add the auto-invest, liquidity, and geographic spread that Afranga doesn’t provide on its own.
Frequently Asked Questions
What is the best alternative to Afranga?
Nectaro is the closest match: similar high yield, MiFID II regulation, auto-invest, and no tax withheld at source. For broad diversification, Mintos is the better choice. Most investors hold Afranga alongside one of these rather than replacing it.
Is there an Afranga alternative with auto-invest?
Yes. Afranga has no auto-invest, but Nectaro, Mintos, PeerBerry, and ViaInvest all offer it, letting you automate loan selection and reinvestment.
How do I avoid the Bulgarian withholding tax?
Afranga’s loan originators withhold 10% Bulgarian tax at source, which you may not fully reclaim depending on your country’s double-taxation treaty. Platforms based elsewhere, such as Nectaro (Latvia) (Ireland/Croatia), and PeerBerry, don’t withhold tax at source, so your net return isn’t reduced before you file locally.
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