Upcoming: AMA (Ask Mintos Anything) with Martins Sulte

20.04.2020

mintosblog

On Thursday, 23 April 2020 at 11:00 CEST, we’ll be hosting another live-stream session with Mintos CEO Martins Sulte. You can join our 60 minutes “AMA (Ask Mintos Anything)” conversation already today by asking questions that Martins will reply to during the session.  (more…)

The trend in interest rates explained

14.04.2020

mintosblog

Interest rates on Mintos have shown a strong upward trend over the last weeks. As of April 14, more than 32% of the loans available on the Primary Market have rates of 15% or more. As both average and top rates are rising, we received questions from investors who were curious about the dynamics. Investors want to know how these rates are possible, and whether they are sustainable for the lending companies. (more…)

Mintos working hours during the Easter holidays

09.04.2020

mintosblog

Easter holidays are coming up, and many people have some time off. We wanted to let you know that Mintos Investors Service will be available via email throughout the Easter weekend (10-13 April). Meanwhile, due to bank holidays, some of the money transfers might be delayed.  (more…)

Update on the maximum number of extension periods and days

08.04.2020

mintosblog

Recently, we shared an update on the existing functionality of how we reflect schedule extensions lending companies give to borrowers. It was followed by an additional update on how we reflect the borrowers repayments schedule extensions that are due to governments across the world implementing moratoriums, imposing lending companies to give borrowers more time to repay their loans.

After both updates, we received various questions from investors to be clarified. (more…)

Pending payments – average days and percentage of outstanding investments by lending company as of 2 April

02.04.2020

mintosblog

To improve communication about pending payments, we will share with you a weekly update with the most important statistics for each lending company.  (more…)

Mintos applies for European investment firm and electronic money institution licenses

02.04.2020

mintosblog

We are excited to announce that Mintos submitted the application for both an investment firm license and electronic money institution license with the Latvian regulator Financial and Capital Market Commission (FCMC) on 30 March 2020.  (more…)

Recent news summary

31.03.2020

mintosblog

We acknowledge that we recently posted a lot of information on our blog. To make it easier for you to find the most important answers, we created this news summary.  (more…)

Introducing a fee for selling loans on the Secondary Market

31.03.2020

mintosblog

From 13 April 2020, we will introduce a small 0.85% fee for selling loans on the Secondary Market. We believe this is a fair and transparent fee that will help us cover the costs, and that sets us on par with or below other leading platforms in Europe and the UK. With 38% of our active investors having used the Secondary Market, and about € 700 000 worth of loans sold each day on average¹, our Secondary Market offers considerable liquidity to those investors who want to exit an investment early.

Mintos Ratings Update, March 2020

31.03.2020

mintosblog

We are publishing changes in the Mintos Ratings for a number of lending companies on Mintos, as per decisions made prior to developments caused by the COVID-19 pandemic.  (more…)

Status update on the defaulted lending companies and the recovery of invested funds

30.03.2020

mintosblog

From now on, we will share with you a monthly summary with all the main statistics listed in one file. Below, in this article, you will also find our comments on the current status and about the funds recovered from each lending company. (more…)

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