In the upcoming months we will introduce the Pending payment description to Mintos – a payment status functionality that will provide investors with clarity over the status of borrowers’ payments in the funnel from loan originators to the Mintos marketplace.
This way, we are bringing the payment dynamics forward – from the backend of the marketplace to the forefront of Mintos investor’s overview. Besides enhancing the transparency, this functionality should also provide a more detailed status of each borrower’s payment.
The Pending payment status will inform investors about the details regarding borrowers’ payments that are being transferred to Mintos and if the borrowers’ payments are behind schedule.
The new functionality will be displayed in investors’ Account balance overview, as well as in the My Investments section and in the Payment Schedule tab found in the Loan section. It will also be shown as an additional filter in Auto Invest and in the Primary and Secondary Market.
Operating as a marketplace for loan originators and those who want to save and invest in loans, we are doing our best to assess risks, evaluate the players on our marketplace and offer tools and information that can help investors make sound decisions.
Investors will be informed about the precise time of activation of this functionality via our newsletter.