Some of the extended Akulaku loans will be moved to pending payments

12.06.2020

mintosblog

Due to the pandemic and the subsequent borrowers moratorium in Indonesia, Akulaku, along with other financial institutions, has been obliged to perform loan extensions for their customers.  (more…)

Follow-up announcements for investors from the lending companies on Mintos

12.06.2020

mintosblog

Having lived more than a month in turbulent and highly dynamic market conditions, with many countries under a state of emergency, lending companies on Mintos are now sharing their financial results of 2019 and the first quarter of 2020, together with comments on how the situation has evolved during the last month. This blog post is a follow-up of the earlier announcements by the lending companies.   (more…)

Peachy has repaid € 277 525 to investors on Mintos

11.06.2020

mintosblog

Peachy, a lending company that decided to discontinue business operation in the UK, has recently made a repayment of € 277 525 which has already been transferred to investors on Mintos. As of today, the company is still yet to repay € 837 967 in outstanding invested funds to Mintos investors, including pending payments.  (more…)

Cashwagon Philippines and Indonesia loans suspended from the Primary and Secondary Markets

10.06.2020

mintosblog

While Cashwagon so far is regularly forwarding borrower repayments from Philippines and Indonesia, the situation in Vietnam is affecting all of the Cashwagon group, and it has become unable to honor the buyback guarantee on its loans. Consequently, we have made a decision to suspend loans originated by Cashwagon’s partners Green Money Tree Lending Corp. Philippines and PEERMAN PTE. LTD. Indonesia from the Primary and Secondary Markets on Mintos until further notice. (more…)

Comment from Maxim Chernuschenko, CEO of Cashwagon, on the suspension

10.06.2020

mintosblog

Dear Mintos Investors!

We would like to issue the following statement regarding the recent media publications related to Cashwagon Co. Ltd. (“Cashwagon Vietnam” or the “Company”) being spread and discussed on social media and various forums among the Investor community: (more…)

Mintos lifts IFN Extra Finance suspension on the Secondary Market

10.06.2020

mintosblog

A suspension on the Secondary Market has been lifted for IFN Extra Finance, allowing the trading of its issued loans. (more…)

Cashwagon Vietnam loans suspended from Mintos Primary and Secondary Markets

06.06.2020

mintosblog

Due to an investigation on the company Cashwagon, a decision has been made to suspend the loans originated in Vietnam on Mintos Primary and Secondary Markets. The suspension is effective immediately until further notice. (more…)

5 June: Status update on the suspended lending companies

05.06.2020

mintosblog

We’re sharing the third update on the suspended lending companies on Mintos. View the table for financial data and read comments on each lending company below.   (more…)

Mogo will expand its offering of loans without buyback guarantee and change investment structure for new Moldova-issued loans

03.06.2020

mintosblog

Starting from 10 June 2020, all new loans placed by Mogo Moldova on Mintos will be with a changed, direct investment structure. While part of the newly placed loans will have a buyback guarantee, Mogo also follows up on the previously announced offering of loans without buyback guarantee and potentially higher yields in Georgia and other countries. Having seen demand for such loans from investors on Mintos, Mogo will continue the offering of loans without buyback guarantee also with new Moldova-issued loans.  Read more

28 May update: Status of the defaulted lending companies and the recovery of invested funds

28.05.2020

mintosblog

Following the update from 30 March and update from 30 April, we share news on the developments in the last month on each defaulted lending company.  (more…)

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