2020 is a year people will likely never forget. It has been a challenging time in most industries, including the financial sector. And Mintos is not an exception.

The Covid-19 pandemic had a significant impact on Mintos which made us even more committed to building the marketplace while making it better for all investors. We’re thankful for the hundreds of comments, reviews, and suggestions investors have shared with us this year, helping us to improve the marketplace.

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We’re stoked to announce our crowdfunding campaign is open for everyone. Early access has been a blast, and we already raised € 5.3 million from 4600 investors. We crushed our initial €1 million raise target in less than 15 minutes. Thank you! (more…)

As the numbers of COVID-19 cases grow around the world, countries are reintroducing restrictions and limitations to movement and economic activity, in order to prevent the spread of the virus. As such moves continue to impact many economies, in some cases the financial capabilities of borrowers are being reduced.  (more…)

Following the first updates and follow-up updates, we’re now sharing new updates by the lending companies on Mintos on how their business is doing 6 months into the COVID-19 pandemic.

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• From today, new risk assessment model the Mintos Risk Score replaces Mintos Rating
• Score is based on four subscores, which are weighted according to their significance
• Scores are now shown with numerical values which are divided into three risk categories: low risk (10-8), mid risk (7-5), and high risk (4-1)
• A number of companies that had Mintos Ratings are now shown with a Score Withdrawn
• The status “Suspended” has changed to “Defaulted” for Capital Service, Cashwagon (Vietnam, Philippines, Indonesia), Finko Ukraine, Getbucks Zambia, and JSC…
  

We continue working to become an Investment Firm and implementing the necessary changes.

One of the key changes will be the underlying setup of how investors invest in loans. In a regulated environment, investments in loans on Mintos will become investments in Notes – financial instruments backed by loans. We’re happy to tell you more about them.  (more…)