Creamfinance continues its journey on Mintos by offering personal loans in Poland!

We are pleased to announce that there is now a brand new investment opportunity from Poland on Mintos! Creamfinance, a loan originator which has been part of the Mintos family since 2015 has launched personal loans issued in Poland on the marketplace.

Through its Polish entity, Creamfinance Poland, the loan originator offers its personal payday loans under the brands Lendon and ExtraPortfel. Since its foundation in 2013, the company has distributed 754,045 loans worth around EUR 285 million. As of April 2019 Creamfinance Poland had a net loan portfolio of EUR 21 million.

“We appreciate our relationship with Mintos in other countries and we are confident that this is an effective way to organise a portion of our funding. Additionally, we are aware of how Mintos is getting more recognition in the Fintech space in Poland and we believe that this, combined with our well-known brand (Lendon), will lead to us being able to obtain new capital at a cost-effective interest rate which will also be attractive for investors.”

Creamfinance Poland opportunities on Mintos

Creamfinance already places loans issued in Georgia, Latvia, the Czech Republic and Denmark — both unsecured loans with single repayments, as well as consumer loans with multiple repayments — on the Mintos marketplace.

Now, as part of its latest offering, you can invest in Creamfinance’s Poland-issued loans which are listed in both Euro (EUR) and Polish zloty (PLN). On the marketplace, the company’s loans range from EUR 24 to EUR 1,400, or PLN 100  to PLN 6,000 with a maturity of up to 45 days. You can expect net annual returns of up to 10% for both its EUR and PLN loans.

All Creamfinance Poland loans will be secured with a buyback guarantee. This means, if a loan becomes delinquent for 60 days or more, the loan originator will repurchase the loan from the investor. Furthermore, the company will keep 5% of each loan placed on the marketplace to maintain its skin in the game.

For the year ended December 31, 2018, the Creamfinance Group achieved annual revenue of EUR 59 million, according to the company’s financial statements. By the end of 2018, Creamfinance Group had a total of issued loans volume of EUR 574 million since 2012.

Don’t miss out on this great opportunity to invest in Creamfinance Poland personal and instalment loans. If Auto Invest is your preferred way of investing on Mintos, then be sure to update your settings accordingly.



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