Mintos Affiliate News – August 2023

Welcome to a new edition of Mintos affiliate news. Our goal is to provide you with important updates, sneak previews, and other interesting information for your audience. You can use the information provided in this update as inspiration for your own article. 

We’re launching Mintos in Italian!

We plan to launch our website in the Italian language in August. At Mintos, we hear our investors’ feedback: the Mintos website in the Italian language is in high demand. Receiving investor feedback is integral to our operations, and we’re constantly improving Mintos to accommodate investors. Making investing simple and accessible for all our investors is the goal, and this can best be done in your native language. Before we officially launch the website, you can have a sneak peek preview here: If you have an Italian-speaking audience, make sure to promote the launch.

Lending company integration updates

Eleving Group obtains ExpressCredit through integration

Eleving Group has started the process of integrating EC Finance Group Ltd., better known as ExpressCredit, into its direct subsidiary AS Eleving Finance. ExpressCredit is a consumer finance provider operating in the Southern African region. As a result of the transaction, Eleving Group is taking over ExpressCredit’s assets, subsidiaries, and client portfolio, and is increasing Eleving Group’s equity.

This transaction aims to expand the company’s operations in the African region. Eleving Group already has a strong presence in Kenya and Uganda, where the company’s core product is vehicle financing, primarily servicing the self-employed and SME segment. With the integration of ExpressCredit, Botswana, Namibia, Lesotho, and Zambia are being added to Eleving Group’s portfolio in Africa. Eleving Group plans to continue to offer already established consumer finance services in the new markets and implement new products.

Please note that Mintos investors are not impacted by the Notes backed by loans of Eleving Group, nor will ExpressCredit change in any way due to this transaction. Moreover, Eleving Group (Luxemburg) will provide the corporate guarantee for the liabilities of ExpressCredit Botswana in the Notes setup, and Zambia’s exposure toward investors will continue to be paid according to the previously agreed schedule.

Zenka is now a part of Sun Finance on Mintos

AS Sun Finance Group has acquired a majority stake in AS Zenka Group, an online lending company operating in Kenya.

As part of Sun Finance, Zenka will continue cooperating with Mintos by offering investors a chance to invest in loans issued in the Kenyan market. The funding gained will be used to develop Zenka’s financial solutions further and grow its market share in Kenya.
Please note that Mintos investors are not impacted. Sun Finance and Zenka Notes will not change in any way.

Lending company financial updates

ID Finance Spain reports revenue of €59M for the first half of 2023

ID Finance Spain S.A.U. released its audited financial results for the first half of 2023. The company has provided the following operational and financial information: 

ID Finance Spain reported a net income of €4.4M, following an 8% increase in its net portfolio, which hit a new record of €51M. During the first half of the year, the company originated €121M in consumer loans, processing more than 70 000 applications per month. 

In addition, ID Finance Spain held a strong equity position of 25.8%, representing a 2.1 percentage point improvement from the previous year. The ID Finance Spain Eurobond keeps complying with its covenants with significant headroom: equity/asset ratio (over 26% vs. 15% required level) and interest coverage (over 3x vs. 1.5x required level).

DelfinGroup reports revenue growth by 52% in Q2 2023

DelfinGroup continued to show stable growth in all business segments in the second quarter of 2023, which was reflected in the financial results. The company has provided the following operational and financial information: 

DelfinGroup’s revenue in the second quarter of 2023 increased by 52% compared to the same period last year, reaching €12M. The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) increased to €4M, up 41% compared to Q2 2022, while profit before tax increased by 7% to €2M. The company’s loan portfolio has reached €78M, up 16% since the beginning of the year.

In the first half of 2023, DelfinGroup’s revenue has increased by 51% compared to the corresponding period last year, reaching €23.7M. The company’s EBITDA also grew to €8.3M, representing a 46% increase compared to the first half of 2022.

Eleving Group reports a net portfolio of €295M in Q2 2023

Eleving Group has announced unaudited results for the first half of 2023. The company has provided the following operational and financial information: 

Eleving Group recorded €90.6M in revenues in Q2 2023. Lease and subscription-based products contributed to €25.2M of the revenue, up 7.2%, compared to the last six months of 2022. This was driven by lending in the motorcycle-taxi segment in East Africa and a scale-up of rental and subscription-based products in the Baltics.

Traditional lease and leaseback products contributed €34M to Q2 2023 revenues, up 7.9% compared to the respective period in 2022. This revenue growth was mainly attributable to portfolio growth in Romania; however, nearly all of the company’s other markets experienced positive incremental growth. Revenues from the consumer loan segment contributed €27.6M to the half-year revenue, down 11% compared to the last six months of 2022. The 11% drop exclusively stemmed from the run-down of the Ukrainian portfolio, as the revenues of all other consumer finance markets increased during the corresponding timespan.

Eleving Group’s earnings before interest, taxes, depreciation, and amortization (EBITDA)  in the respective period reached €36.1M, compared to €30.7M a year ago, while the adjusted net profit before FX amounted to €13.6M, an increase of €4.6M compared to the first six months of 2022. 

Mintos Activity: July 2023

Mintos Activity: July 2023 The month of July has shown promising growth on Mintos. Total investments saw a significant increase of €90.8 million worth of Notes funded, and interest earned by investors in July climbed to €4.1 million.

The average interest rate for July stood at 12.7%, translating to an annualized average net return of 10.1% (YTD 5.8%). The cumulative interest earned by investors on Mintos has now reached €242.2 million, and the total assets under administration are now €588.3.

Investor Bonus:

Investors will get €50
For each new investor who registers and invests €1 000 or more by 30.08.2023, they’ll get a €50 instant bonus, and a 1% bonus of the average investment in the first 90 days.

We exclusively share this bonus with our affiliate partners.

Terms and conditions apply.

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You’ll earn €5 for every new customer who verifies their account and a 1% bonus of the average investment in the first 90 days.


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