We’re pleased to share that Renti Lithuania, a subsidiary of Eleving Group, and a leader in the mobility financing segment in Lithuania, has now joined Mintos!
Renti Lithuania is a used car rental company that offers customers the opportunity to rent a car for a limited period, with the possibility to either purchase the car at the end of contract, or return it to the company. With over 2 500 customers in Lithuania, Renti Lithuania is a prominent player in the car rental industry.
Investors on Mintos now have the chance to invest in Notes for Renti Lithuania. Offering a range of contract lengths, from 12 to 60 months, Renti Lithuania customers can return the vehicle at any time after the first 12 months without incurring additional charges. The range of the car value that may be granted for the end customer through Renti Lithuania varies from €2 000–15 000.
On average, the rental contracts offered by Renti Lithuania are valued at €6 700 with a repayment period of 53 months and an average monthly rental fee of €285. The fleet primarily consists of cars between 9–17 years old, with Audi, BMW, Volkswagen, Volvo, and Opel accounting for 70% of the existing portfolio.
Renti Lithuania rental agreements on Mintos
Average rental agreement value
6 700 EUR
Non-performing loans ratio (PAR 90*)
3% (as of 31/12/2022)
Average rental agreement term
Skin in the game
Mintos Risk Score
Interest on delayed payments
*Portfolio At Risk (overdue more than 90 days)
**Technically, skin in the game is 0%, but the investment amount that Renti Lithuania can receive from investors on Mintos is not greater than the amount which is calculated by deducting from the initial value of the vehicle, determined by Renti Lithuania the residual value of the vehicle at the end of each rental agreement as determined by Renti Lithuania and indicated in the rental agreement, , which is <70% from the initial value of the vehicle.
Renti Lithuania is a subsidiary of Eleving Group, one of the largest multi-brand loan originators, as well as an early fundraiser on Mintos. The Group has ten years of experience working in the Lithuanian market with numerous used-car financing products and services. Additionally, Eleving Group has demonstrated a proven track record of delivering highly consistent returns for investors on Mintos over the last 7 years.
The company has a wide range of partners and dealers and is rapidly expanding its customer base. Renti Lithuania is committed to offering tailor-made, customer-focused services that are easy to understand and provides customers the best value for money.
About Renti Lithuania
Renti UAB was registered on 9th of November 2020, and it operates under the laws of the Republic of Lithuania as a limited liability company. Renti UAB is one of the largest long-term car rent companies in Lithuania. The Company has an extensive partner list of used cars dealers and offers to the end customer fast and easy opportunity to use the vehicle on rental basis. Renti UAB is a part of Eleving Group.
Eleving Group was founded in 2012 in Latvia and joined the Mintos marketplace in 2015, originally offering loans for investment from Latvia. Since then, it has placed loans on the marketplace from 15 countries in the Baltics and Central, Eastern, and South-Eastern Europe. Operating regions also include the Caucasus and Central Asia, as well as Eastern Africa. To date, the company has issued over €1.2 million in loans and has a net loan portfolio of almost €290 million.
Some of the equity investors of Eleving Group and Mintos overlap.