9 September 2020 Since the launch of the new strategies... Read 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:
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…
31 August, 2020
Recently, there have been many cases when lending companies had to pay interest on pending payments despite transferring money on time. This happens due to bank transfers sometimes taking up to 3 days, usually because of a lending company being located outside the European Union.
To address this, from now on, pending payment interest will be calculated from day 11, instead of day 8 as it has been up until now.
Please note: only the interest period will change. The settlement payments will still be due on day 8 (after the…
IuteCredit Europe invites investors and analysts to an earnings call with the Management Board on 31 July 2020, 10.00 CEST, following the publication of its unaudited H1 2020 results on 30 July 2020. (more…)
About a year ago, we introduced Mintos Invest & Access, a new way of investing that combined attractive returns with increased liquidity. And the last months showed it can provide additional liquidity even in difficult market conditions: on average, cashouts complete in 5:44 hours.
By Friday 12 June more than 32 000 Mintos investors have received payments in full for their outstanding investments in IuteCredit’s Kosovo loan portfolio. (more…)
Having lived more than a month in turbulent and highly dynamic market conditions, with many countries under a state of emergency, lending companies on Mintos are now sharing their financial results of 2019 and the first quarter of 2020, together with comments on how the situation has evolved during the last month. This blog post is a follow-up of the earlier announcements by the lending companies. (more…)
Peachy, a lending company that decided to discontinue business operation in the UK, has recently made a repayment of € 277 525 which has already been transferred to investors on Mintos. As of today, the company is still yet to repay € 837 967 in outstanding invested funds to Mintos investors, including pending payments. (more…)