Credisimo: We do not administer HelpKarma and we do not use your money



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The credit company “Credisimo” does not manage the donation platform “HelpKarma” and has not used its money for its operational activities – this was announced by the company in a post sent to bTV.

It comes after Maria Tsantsarova’s investigation into how funds raised for various causes are distributed, including high salaries for technicians.

The connection between the credit company and the platform was also discussed, HelpCarma founder Konstantin Krastev, whose professional biography is related to Credisimo. The company emphasizes that it has not represented them for years, and since May 2019 it has not been on the Board of Directors, and for the moment it cannot influence decision-making.

We publish the full post without editorial intervention:

In the series of bTV reports, issued on 06.11.2020 and 07.11.2020 for the HelpKarma platform and Mr. Konstantin Krastev, unfounded, unverified and incorrect suggestions are made regarding the relationship between Credisimo EAD and HelpKarma.

Please note that Credisimo EAD does not participate in any way in the management and activities of HelpKarma, since the foundation and Credisimo EAD are not related parties within the meaning of Commercial Law.

Credisimo EAD is not related to and is not responsible for the actions, projects or professional development of Mr. Konstantin Krastev. The same has not been represented by Credisimo EAD since 08/20/2015, when its active participation in the company’s operating activities ceased. As of 05.25.2015, Mr. Krastev has resigned from the management and ownership of an electric company, in which he had a joint participation with some of the indirect shareholders of Credisimo EAD. Participation in the Board of Directors of Credisimo EAD ended on 05/28/2019, which can be consulted in the Mercantile Registry. The indirectly owned shares of Mr. Konstantin Krastev in Credisimo EAD are a small percentage, they do not allow control of Credisimo EAD or its subsidiaries.

The Credisimo group companies have absolutely no financial relationship with HelpKarma, and the sources of financing for our operational activities have never included funds contributed by the foundation. Credisimo is a non-bank financial institution duly registered, supervised and with a current regulatory report to BNB, which makes the company’s activities transparent, regulated and in direct implementation of the legal framework in the country. The cash flows of the company, like all other regulated companies, are under the direct supervision of other control bodies.

We believe that bTV will comply with the journalistic ethics requirements in reporting on the HelpKarma case by presenting viewers in a correct and conscientious manner only information verified during the transmission of the materials and will not damage the good name of Credisimo EAD the company.

Please note that despite our respect for bTV, Credisimo EAD will not hesitate to claim your rights in court in the event of unlawful damage to the company’s prestige and reputation, established by years of honest and hard work.

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