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Finko, a global finance company, has decided to bring all its brands across different markets under one group brand. Finko’s brands on Mintos are operating in Armenia, Moldova, Ukraine, Russia, and Georgia.
Starting from November, Varks, Sebo, Dinero, Metrokredit, and Lendo are merged into the Finko group brand, with a total value of around EUR 69 million in loans currently listed on Mintos. Finko’s unification boosts the efficiency of the company’s operations to fuel its future growth.
All group brands have been put under the Finko umbrella brand both internally and externally, including within the Mintos platform.
What does it mean for investors on Mintos?
The change of loan originators’ brand name impacts the aforementioned loan originators’ names on the Mintos marketplace loans offering and the available filters for investing options.
All Finko group loan originators will no longer be listed separately on Mintos with their previously known brand names. Instead, investors will see Finko in all filters (Auto Invest, Primary Market, Secondary Market) and on the Loan Originators’ page on Mintos. Please note that Auto Invest settings will be updated automatically – if the investor had set a strategy that involved, for example, Varks (Armenia) and Dinero (Ukraine) loans, now the strategy will show Finko and the respective countries where loans were issued (Armenia and Ukraine).
Each of the brands will retain their identity, legal structure in respective markets and no changes to their daily operations will be made.
More about Finko
As of November 30, 2019, Finko has issued more than € 577 million in loans across all its brands. The company is continuously growing in its core markets while constantly exploring the possibilities of entering new ones. With more than 1.5 million registered customers, Finko has already processed 12.8 million loan applications since its creation.
Meanwhile, Finko is working on launching new brands in the existing markets and soon will be offering opportunities to invest in new loans issued by the Finko group. Some of the equity investors of Finko and Mintos overlap.