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Following its previous payment, Peachy is continuing to cover its obligations by repaying € 277 880 which has already been transferred to Mintos investors yesterday.
A similar payment is expected at the beginning of the next month, and the remaining part to be settled in September 2020. As of today, the company is still yet to repay € 561 226 in outstanding invested funds to Mintos investors, including pending payments.
Peachy, the trading name of a company Cash On Go Limited is a lending company established in 2010, offering short term loans to residents of the UK. On Mintos, Peachy has issued € 118.3 million of loans during the period from December 2018 to February 2020. Peachy finished the year with EBITDA of € 1.569 million, and a net profit of € 355 000.