About a year ago, we introduced Mintos Invest & Access,... Read more →
On March 30 and April 30, we wrote about the defaulted lending companies and the status of fund recovery. Starting today, we are also updating the status of the suspended lending companies on Mintos. You can learn more about suspensions in our blog post. (more…)
Tarmo Sild, CEO of IuteCredit: “The Q1 2020 results were pleasing and almost in line with our targets. IuteCredit Group grew its loan portfolio at strong annual percentage rates, attracted more customers, and the customers maintained good repayment discipline.
“Mintos has adjusted to the “new normal”. We’re fully operational, we’ve adjusted our strategy and now we’re focusing on maintaining our current business volumes instead of pursuing growth,” said Martins Sulte, when opening the most recent AMA (Ask Mintos Anything) session, which was live-streamed on the company’s YouTube channel on Thursday, April 23, 2020. (more…)
Mogo Finance reports strong financial results and shares a recording of their earnings call (updated with Q&A)
This week, the biggest secured lender on Mintos and leading international car loans based finance provider Mogo Finance has published its 2020 Q1 results. Company achieved yet another quarter of strong profitability growth in terms of EBITDA despite unprecedented headwinds of global COVID-19 pandemic. Below you can find Mogo key operational and financial highlights: (more…)
Due to failure to ensure that settlement payments to Mintos investors are being made on time, a decision has been made to suspend part of the loans listed through JSC ExpressCredit Holding on Mintos Primary and Secondary Markets. The suspension is effective immediately until further notice.
Due to failing to fulfil their payment obligations to Mintos investors in full, we have made a decision to suspend loans originated by the lending companies GetBucks Botswana and GetBucks Zambia from the Primary and Secondary Markets on Mintos, until further notice. (more…)
May is just around the corner, and many countries celebrate International Workers’ Day on 1 May – and in Latvia, 4 May is also a public holiday. We wanted to let you know that Mintos Investors Service will be available via email throughout the long weekend (1-4 May). Meanwhile, due to bank holidays, some of the money transfers might be delayed. (more…)
April 30 update: IuteCredit has prolonged the discounts and offer validity for the buyback. Please see the highlighted details below.