Mintos Ratings update, June 2020

19.06.2020

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With the latest Mintos Ratings update, we are introducing rating changes for 7 lending companies on Mintos and sharing status overviews for some specific cases on the marketplace. We are also removing the “Ratings Watch” status notification from the loan originators list, and it won’t be used anymore. Where applicable, this status notification will be substituted with a status “Suspended”.  (more…)

IuteCredit resumes listing new loans on Mintos

18.06.2020

mintosblog

IuteCredit starts a gradual return to the Primary Market with new opportunities for investment in three markets – North Macedonia, Albania, and Moldova. The company temporarily withdrew from the Primary Market in March this year, as a consequence of sharp decrease in borrowers’ demand for new loans,  and uncertainty regarding the impact of COVID-19 on effective loan repayments from the customers, and the company’s profitability.    (more…)

Dziesiatka Finanse loans suspended from the Primary and Secondary Markets

18.06.2020

mintosblog

Due to failing to make timely settlement payments for investors on Mintos, we have made a decision to suspend loans originated by the lending company Dziesiatka Finanse from the Primary and Secondary Markets on Mintos, until further notice.   (more…)

Mintos working hours during bank holidays in Latvia in June

18.06.2020

mintosblog

Every year, at the end of June, there are bank holidays in Latvia due to the celebration of the summer solstice. 

We wanted to let you know that Mintos Investors Service will be available via email throughout the holidays (20-24 June). Please note that money transfers will be delayed as these days are bank holidays, too. 

We thank you for your understanding and wish you a great time this summer!  (more…)

EU fintechs united: European FinTech Association (EFA) goes live

18.06.2020

mintosblog

The introduction of tech-based solutions to the financial industry changed the way consumers and businesses benefit from financial products and services. The expanding market is continually opening more possibilities for more players, and the European Commission has the ambition to establish a new digital finance strategy to address the directions and boundaries of the fintech industry in Europe.  (more…)

Join the June 2020 edition of AMA (Ask Mintos Anything) with the Mintos CEO Martins Sulte

15.06.2020

mintosblog

We are inviting you to join us for the third live-stream session of “AMA (Ask Mintos Anything)” in 2020 on Friday, 19 June 2020 at 15:00 CEST. As usual, Mintos CEO Martins Sulte will answer questions from Mintos investors and talk about the most popular Mintos-related topics.    (more…)

Moratorium for borrowers: international overview by Mintos (updated)

13.06.2020

mintosblog

All around the world, the COVID-19 pandemic is changing the dynamics of human lives. These changes are having an impact on the lives of individuals and the survival of businesses, and governments are stepping in to reduce the negative effects of the global economic downturn.  (more…)

Varks commits to a repayment timeline to cover outstanding payments

12.06.2020

mintosblog

Finko AM (Varks), a part of Finko Group, has proposed a commitment to follow a repayment timeline to cover the amount due to investors on Mintos by the end of 2022.  (more…)

Update on recent Varks licence revocation and the situation in Armenia

12.06.2020

mintosblog

Comment by CEO of Finko Group, Janis Pizics for investors on Mintos:

As mentioned in the previous post, Armenia has been significantly affected by the Covid-19 pandemic and it has left a significant effect on the economy, as well as people’s ability to repay their debts.  (more…)

IuteCredit Group has covered all IuteCredit Kosovo outstanding loans due to investors on Mintos

12.06.2020

mintosblog

By Friday 12 June more than 32 000 Mintos investors have received payments in full for their outstanding investments in IuteCredit’s Kosovo loan portfolio.  (more…)

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