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Update 24 March
IFN Extra Finance Mintos Rating will be downgraded for now from B to C, as the company has a limited competitive position and will not issue new loans. The new rating is effective immediately, until further notice.
We have been informed that the National Bank of Romania has revoked the licence of IFN Extra Finance.
The revocation of licence and exclusion from the General Registry and the Special Registry of the Non-bank Financial Institutions of Romania prohibits further lending activity of IFN Extra Finance. Read more
Finko Group, a technology-driven online and offline lender operating across multiple markets worldwide and the largest loan originator listed on the Mintos platform, has passed the €136 million revenue mark, recording substantial growth over the prior year. The Group’s net profit in 2019 amounted to €17.6 million. (more…)
Another great opportunity to increase your returns on Mintos. GetBucks has just launched a cashback campaign, valid from 19.03.2020. till 25.03.2020. Enrol here to qualify for a 1% cashback on GetBucks’ loans with over 24 months maturity, from Botswana and Kenya. (more…)
Estonian international fintech company IuteCredit Group increased its issued loan volume by 86%, finishing 2019 with EUR 152 million. The increased volume is the result of IuteCredit’s innovative technical solutions to speed up risk assessment for loans. (more…)
As of December 2019, ID Finance has decided to split its operations into two groups:
– ID Finance – loans from Spain and Mexico;
– IDF Eurasia – loans from Kazakhstan.
Starting from 18.03.2020., both groups are listed separately on Mintos as independent lending companies. Investors’ Auto Invest preferences will be automatically adjusted to all 3 countries. To exclude any of the two groups, investors need to update their Auto Invest settings manually. Read more
Today, we are pleased to announce some good news for all Mintos investors – Armenian Loan originator Varks, that is part of Finko group (with “B+” Mintos Rating), is now offering you the chance to earn a 2% bonus with Forward Flow. (more…)
We’re happy to announce Finko Armenia (Varks) as the first lending company to offer Forward Flow on Mintos.
Forward Flow is a new and unique product in the crowdlending market. A Forward Flow represents a commitment to invest in a set of pre-agreed underlying loans, at a predetermined rate for a set period of time. For the duration of the Forward Flow, investors receive weekly interest payments based on the performance of these underlying loans. (more…)
We have been informed by our cooperation partners at the loan originator Peachy, the trading name of a company Cash On Go Limited, of their decision to discontinue business operation in the UK. (more…)
Owner of Banknote & Vizia updated its corporate identity and launched a subscription for a new EUR 5 million bond issue
The second largest non-bank consumer lender in Latvia, SIA ExpressCredit announces the change of its corporate identity which is effective as of 4th February. The new corporate identity represents not only a new name but also an updated mission and values. From now on, employees, cooperation partners, investors and regulators will know the holding as DelfinGroup, whereas clients will continue to use the company’s key products known by their brand names – Banknote and VIZIA. Read more
Loan originating brands Kredo and Tigo are uniting under a single company, Finitera, an existing alternative lending company. During 2019 Finitera underwent structural changes to improve the efficiency of its business operations and bring all the products across different markets under one company, that way creating Finitera group. From now on Kredo and Tigo issued loans on Mintos will be listed as Finitera loans. (more…)