ESTO Group, a lending company on Mintos, expands to Lithuania

We welcome ESTO Group (Lithuanian entity legal name: ESTO UAB), a lending company expanding to Lithuania that will offer new investment opportunities with Revolving Pool with interest rates of up to 12% per annum.

For the duration of the Revolving Pool, the underlying loans may change, and the interest rate stays the same.

ESTO aspires to be the leading shopping network in the Baltics. ESTO provides omnichannel shopping solutions to over 500K users and 4.5K point-of-sales in the Baltics. ESTO has generated over €500M GMV, €50M revenue and €20M EBITDA cumulatively since 2017. ESTO Group established its Lithuanian entity (ESTO Lithuania) in 2019 and started its business activities in 2020. In 2021, ESTO recruited local Lithuanian team to manage the operations locally. The company’s loan portfolio size is €4.2 million, and it has generated a total GMV of €29.2 million to date.

ESTO Lithuania will offer investments on Mintos for its Credit Line product in Lithuania. The borrowers of this product are previous ESTO buy-now-pay-later solution users and as of Q3 2023, both the portfolio quality and borrower’s behavior have remained stable.

“We have been in the Baltic market since 2017 and have shown very stable portfolio quality ever since. From what we see, the Baltics are performing quite similarly in all three countries. Baltic markets are known to have a very good payment behavior.”

Mikk Metsa, CEO of ESTO Group

ESTO Lithuania (ESTO UAB) loans on Mintos

Annual interest rates


Average APR*

Credit line – 72.00%
Hire purchase – 10.19%
Small loan – 38.55%

Average loan amount

Credit Line – €927
Hire-purchase – €489
Small loan – €756

Loan type

Revolving Pool

Non-performing loans ratio (PAR 90**)

Credit line: 4.37%
Hire-purchase: 0.52%
Small loan: 2.34%

Average loan term

Credit line – 36 months
Hire-purchase – 12 months
Small loan – 33 months

Skin in the game


Mintos Risk Score


Buyback obligation


Interest on delayed payments


*Annual Percentage Rate
**Portfolio At Risk (overdue more than 90 days)

The Mintos Risk Score for loans issued by ESTO UAB is 7, with the subscores of 5.6 for loan portfolio performance, 8 for loan servicer efficiency, 9.2 for buyback strength, and 4.5 for cooperation structure.

The security consists of collateral over part of the claims to secure obligations of the lending company and the Guarantee from ESTO Estonia (ESTO AS).

How to invest in ESTO Lithuania (ESTO UAB) loans

Mintos has added Notes for ESTO Lithuania to Mintos Core. If you want to invest in these Notes with a Mintos Custom portfolio, make sure to adjust your portfolio settings. If you’re investing manually, you can filter the Notes on the Primary Market.

About ESTO Group

ESTO is a dynamic, forward-thinking company that aims to revolutionize the shopping experience by simplifying the complex shopping ecosystem. Leveraging its multi-year expertise, ESTO is positioned to reshape the ecommerce landscape in the Baltics and beyond. With a strong emphasis on technology and customer loyalty, ESTO aims to provide a seamless, tailored, and omnichannel shopping experience for both consumers and retailers.


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