Great news for investors on Mintos – Wowwo, a lending company from Turkey specializing in car loans, has launched a new cashback campaign. It’s valid from 28 September 2020 until 31 October 2020, and offers a 1% cashback on investments in all Wowwo loans. (more…)

We’re happy to announce Zenka as the first company from Africa to offer Forward Flow to investors on Mintos. (more…)

In our previous blog post we announced a change of legal structure for loans issued by Mogo Moldova. We wanted to clarify that there have been some delays and changes to the implementation:  (more…)

IuteCredit Europe after its Uplisting to the Regulated Market is the first company from Estonia to be listed in the General Standard of the Frankfurt Stock Exchange.  (more…)

Mogo Finance group, one of the largest European used car finance groups, has announced it is planning to acquire two lending companies – Kredo and Tigo. Both companies currently are part of Finitera group. The acquisitions are subject to regulatory approval. (more…)

Microfinance company OnlineKazFinance LLP (part of the IDF Eurasia group) successfully placed its 2 year debut bonds on KASE (Stock Exchange in Kazakhstan). The placement was made with a coupon of 19% per annum in KZT (Kazakh tenge). The nominal value of the bonds is KZT 1000 (€ 1.99), coupon payments are made 4 times a year, and the maximum volume of issue is KZT 4 billion (€ 7.878 million). (more…)

9 September 2020

Since the launch of the new strategies on 13 August, we’ve received and taken into account the feedback from many investors, and we’re introducing 2 updates:

• We’ve increased the quality standard for the Conservative strategy by allowing the algorithm to invest only in loans issued by lending companies that have B+ or higher ratings. The lending companies rated with B and B- are not included in this strategy anymore. If your strategy invested in B or B- loans, you can…
  

Key takeaways

• On 26 August, SIA DelfinGroup shared plans to transform the legal form of the company into a joint stock company and submitted its project to the Enterprise Register of the Republic of Latvia.
• On 31 August, the project was included in the Enterprise Register of the Republic of Latvia which means the lending company has now begun its reorganization process and transformation into a joint stock company.
• Changing the…
  

In our previous article on due diligence, we explained the checks and vetting processes we carry out on Loan Originators and their loans – before and after joining the Mintos platform – to ensure they meet the highest standards of responsible, compliant and sustainable operations. Even with our careful precautions and high demands on their performance, unforeseen circumstances – such as the unprecedented impact that COVID-19 is having on the economy – can lead to Loan Originators facing difficulties in fulfilling their obligations towards investors on Mintos. In these cases, recovering investors’ money is…

Before a Loan Originator can offer loans on Mintos, we carry out a series of due diligence reviews and checks to find out if they’re suitable for our platform. These checks are the most important aspect of our onboarding process for new Loan Originators, since many investors measure risk based on knowledge of previous loan performance or the profile of the Loan Originator themselves.   (more…)