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We have received a lot of feedback from investors about pending payments. While pending payments always were a part of normal business operations, before the Covid-19 crisis they usually settled on time and were hardly noticeable to investors. The recent increase is a new situation also for us, and we appreciate all the feedback we received from you. We heard you, and we want to share some improvements we’re making to increase transparency for investors.
Pending payments dashboard
To make it easier for investors to see their pending payments in one place, we’re introducing the pending payments dashboard. On this new page, accessible via the Pending payments link on the Overview page, investors will be able to see relevant statistics for their pending payments.
The pending payments dashboard will be released in the next 2 weeks, with the chart launching soon after.
Lending company status filters
To improve transparency about the status of the lending companies on Mintos, we’re introducing lending company status values: Active, Suspended, and Defaulted. With this change, investors will be better able to see for which lending companies pending payments are part of the ordinary course of business, and which companies have problems transferring borrower repayments and meeting buyback guarantee obligations to investors.
The filters are currently in development.
Amounts in recovery
To provide more transparency about the portfolio that is active, and the portfolio that is at risk, we’re adding a new tab in the Loan Performance Details section of our Statistics page.
The update to the Statistics page will already go live today, while the other improvements are in development and will be released in the next few weeks.