Investment opportunities from Estonia grow, as ESTO launches on Mintos!

Estonia, the country that brought the world Skype and Transferwise, has also brought a new technology-driven loan originator to our marketplace. ESTO, a payment solutions technology company, now offers its prime customer point of sale instalment loans for you to invest in. 

ESTO’s business model of acquiring clients only through point-of-sale (POS) locations means that the company is solely providing loans for the near-prime or prime customer segment. 

Throughout its years operating, ESTO has maintained a current credit portfolio with a 0.2% default rate. In addition, as of the end of July, out of all outstanding loans, only 0.89% of repayments have been delayed by 60 days or more.

ESTO was established in 2017 and provides POS purchase financing for both online and offline merchants. The company’s mission is to make shopping easy and hassle-free. ESTO’s core strategy is to help their merchant partners to sell more and allow customers purchasing simpler by making financing more accessible. 

ESTO works with top players in Estonia’s retail market

Since its inception, the company has managed to attract around 26,000 prime and near-prime POS installment loan clients. Each month, the loan originator acquires about 2,400 new customers. Overall, the company has issued around 26,000 loans and has a net loan portfolio of EUR 7 million, as of the end of August 2019. 

Among its wide network of partners, there are some of the largest retailers on the Estonian market: Kaup24, ONOFF, Photopoint, Valge Klaar, RDE, Decora, Goldtime, and approximately 400 more. ESTO is integrating on average 30 new partnerships each month. 

“The Mintos marketplace truly is a perfect fit for ESTO and our long term growth plans. Mintos enables us to increase our visibility and have flexible access to a good quality investor base. We are very excited to further work together with the qualified team of industry experts from Mintos,” says Mikk Metsa, the CEO and co-founder of ESTO.

What does ESTO offer on Mintos?

You can now invest in ESTO’s Estonia-issued consumer loans on the marketplace, which are repaid in monthly installments. Listed in the Euro (EUR) currency, the average loan from ESTO is EUR 600 with an average maturity of 10 months. However, the total loan duration is from 3 to 48 months.

You can expect net annual returns of up to 10% for all ESTO loans and they are secured with a buyback guarantee. This means the company will repurchase the loans if they become delinquent for 60 days or more. In order to maintain its skin in the game, ESTO will keep 10% of all loans placed on Mintos on its balance sheet.

How does ESTO assess the creditworthiness of its borrowers?

One of the key competitive advantages for ESTO is the ability to offer a highly technological financing solution and a quick decision-making process without compromising the quality of the loan portfolio. 

ESTO has a thorough creditworthiness assessment process. The first check is performed through the company’s business model of acquiring clients only through POS locations. 

From here, the company then assesses applications by analysing verified information via social, credit, tax and income registries and databases, such as the government pension centre with secure X-road server connection, Creditinfo, etc.

Because of this, the process of getting a loan is always under 60 seconds, allowing the merchant’s clients to have fast and reliable access to funding.

Don’t miss this opportunity to build and diversify your investment portfolio by adding ESTO’s Estonia-issued loans. If Auto Invest is your preferred investment strategy on Mintos, be sure to update your settings accordingly.



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