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.
Peachy’s liquidator anticipates the company being able to pay similar amounts per month until the balance is cleared. In August or September 2020, the lending company expects to settle a residual sum of approximately € 223 000 that’s due after the June, July and August payments.
About the lending company
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.