About a year ago, we introduced Mintos Invest & Access,... Read more →
Due to an investigation on the company Cashwagon, a decision has been made to suspend the loans originated in Vietnam on Mintos Primary and Secondary Markets. The suspension is effective immediately until further notice. (more…)
Mogo will expand its offering of loans without buyback guarantee and change investment structure for new Moldova-issued loans
Starting from 10 June 2020, all new loans placed by Mogo Moldova on Mintos will be with a changed, direct investment structure. While part of the newly placed loans will have a buyback guarantee, Mogo also follows up on the previously announced offering of loans without buyback guarantee and potentially higher yields in Georgia and other countries. Having seen demand for such loans from investors on Mintos, Mogo will continue the offering of loans without buyback guarantee also with new Moldova-issued loans. Read more
IuteCredit Europe AS, the parent company of IuteCredit Group, has registered on Mintos as an investor and has ended buying back loans of its subsidiaries from the Secondary Market. (more…)
2019 audited results
The group’s turnover in 12 months of 2019, compared to the same period of the previous year, has increased by 16% to € 21.8 million, while the company’s loan portfolio amounted to € 31.6 million, which is an increase of 56% over the period. (more…)
Tarmo Sild, CEO of IuteCredit: “The Q1 2020 results were pleasing and almost in line with our targets. IuteCredit Group grew its loan portfolio at strong annual percentage rates, attracted more customers, and the customers maintained good repayment discipline.
Since the last update, some of the MyBucks Group entities were not able to make timely repayments to Mintos investors. Mintos, together with MyBucks Group management, has agreed on several steps to remedy the situation and protect investor interests: (more…)
Mogo Finance reports strong financial results and shares a recording of their earnings call (updated with Q&A)
This week, the biggest secured lender on Mintos and leading international car loans based finance provider Mogo Finance has published its 2020 Q1 results. Company achieved yet another quarter of strong profitability growth in terms of EBITDA despite unprecedented headwinds of global COVID-19 pandemic. Below you can find Mogo key operational and financial highlights: (more…)
Due to failure to ensure that settlement payments to Mintos investors are being made on time, a decision has been made to suspend part of the loans listed through JSC ExpressCredit Holding on Mintos Primary and Secondary Markets. The suspension is effective immediately until further notice.