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Since December 6, 2019 IuteCredit Group has transferred a total of € 161 415.43 of borrowers’ payments to Mintos. These payments are being accordingly credited to the Mintos investors’ accounts. (more…)
Finko, a global finance company, has decided to bring all its brands across different markets under one group brand. Finko’s brands on Mintos are operating in Armenia, Moldova, Ukraine, Russia, and Georgia. (more…)
Following up on the news we have previously shared regarding IuteCredit Kosovo, we want to inform you that IuteCredit Europe is covering repayments to investors for their investments made in loans issued by IuteCredit Kosovo. IuteCredit Europe, the owner of a subsidiary IuteCredit Kosovo, is covering ongoing outstanding payments and 60 days late payments with a buyback guarantee.
IuteCredit continues servicing existing loans in Kosovo and initiates a legal investigation of the recent decision by the Central Bank of Kosovo
Following last week’s Friday announcement, IuteCredit has shared its position on the situation and decided on the next steps.
IuteCredit Kosovo, a wholly-owned subsidiary of IuteCredit Europe, confirms that their microfinance license has been revoked with immediate effect on December 6, 2019. Central Bank of Kosovo (CBK) has appointed a liquidator of IuteCredit Kosovo. (more…)
According to the announcement of the Central Bank of Kosovo from December 6, 2019, the licenses for the business in this country have been revoked for loan originators IuteCredit and Monego. (more…)
Sun Finance, one of the fastest growing online consumer lending companies headquartered in Europe, has taken the decision to unify all of its loan originators, currently listed separately on Mintos, under one group brand. (more…)
Mogo group has successfully placed a EUR 25 million tap issue of its 9.50% corporate bond 2018/2022 (XS1831877755) at 95% plus accrued interest. Listing of the bonds on the Frankfurt Stock Exchange’s regulated market (General Standard) is based on the securities prospectus approved by the CSSF (Luxembourg supervisory authority). (more…)
15 November 2019 Update: Metrokredit continues servicing existing loans and works with the Central Bank of the Russian Federation to resume issuance of new loans
Following last weeks’ announcement (below) on Metrokredit being excluded from the State Register of the Microfinance Organizations of the Russian Federation, which means they cannot issue new loans, the company continues servicing existing loans and collecting borrowers’ payments and passing them to investors on Mintos. Also, for loans that reach 60 days past due Metrokredit continues to provide the buyback guarantee. Looking forward, based on historic data we expect that around 20% of the current outstanding loans will reach 60 days past due with the vast majority of Metrokredit loans performing…
Everest Finanse has been part of the Mintos family since September of this year. The loan originator offers its personal loans for investment in the Euro (EUR) currency and so far, Mintos investors have funded EUR 4.2 in the company’s loans. (more…)
ID Finance – one of the largest loan originators on Mintos and the fastest-growing fintech in Spain has raised over €1.8 million of its crowdfunding target within minutes of its campaign going live on Crowdcube amid strong demand from investors. The data science, credit scoring and digital finance company has a crowdfunding target of €2.3 million and is inviting interested parties to invest on the Crowdcube website. (more…)