May 8: Status update on the suspended lending companies

08.05.2020

mintosblog

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…)

IuteCredit: Pleasing Q1 2020 results and a financial report

07.05.2020

mintosblog

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.

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Takeaways: AMA (Ask Mintos Anything) with Mintos CEO Martins Sulte

05.05.2020

mintosblog

“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)

05.05.2020

mintosblog

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…)

Mozipo Group starts loan buyback on the Secondary Market

04.05.2020

mintosblog

Mozipo Group has registered on Mintos as an investor and will buy back loans of its subsidiaries from the Secondary Market under the following conditions:  (more…)

Part of ExpressCredit loans suspended from Mintos Primary and Secondary Markets

30.04.2020

mintosblog

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.
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GetBucks Botswana and Zambia loans suspended from the Primary and Secondary Markets

30.04.2020

mintosblog

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…)

Mintos working hours during International Workers’ Day

30.04.2020

mintosblog

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…)

Updated: IuteCredit starts loan buyback from Mintos investors

30.04.2020

mintosblog

April 30 update: IuteCredit has prolonged the discounts and offer validity for the buyback. Please see the highlighted details below.

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April 30 update: Status of the defaulted lending companies and the recovery of invested funds

30.04.2020

mintosblog

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

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