Updates by the lending companies on Mintos 6 months into the COVID-19 pandemic

30.10.2020

mintosblog

Following the first updates and follow-up updates, we’re now sharing new updates by the lending companies on Mintos on how their business is doing 6 months into the COVID-19 pandemic.

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Update: Mogo Moldova expands offering of loans without buyback guarantee

22.09.2020

mintosblog

In our previous blog post we announced a change of legal structure for loans issued by Mogo Moldova. We wanted to clarify that there have been some delays and changes to the implementation:  (more…)

Mogo Finance plans to acquire Tigo and Kredo

22.09.2020

mintosblog

Mogo Finance group, one of the largest European used car finance groups, has announced it is planning to acquire two lending companies – Kredo and Tigo. Both companies currently are part of Finitera group. The acquisitions are subject to regulatory approval. (more…)

Mogo Finance acquires Sebo Credit SRL from Finko group

13.07.2020

mintosblog

Finko group is about to finalize the sale of Sebo Credit SRL, one of its entities operating in Moldova, to Mogo Finance group, one of the largest European used car finance groups.   (more…)

Updated: Pending payments – average days and percentage of outstanding investments by lending company as of 3 July

03.07.2020

mintosblog

Important: To conveniently provide all information about pending payments in one place, starting from next week, we are moving the weekly update from our blog to here.
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Follow-up announcements for investors from the lending companies on Mintos

12.06.2020

mintosblog

Having lived more than a month in turbulent and highly dynamic market conditions, with many countries under a state of emergency, lending companies on Mintos are now sharing their financial results of 2019 and the first quarter of 2020, together with comments on how the situation has evolved during the last month. This blog post is a follow-up of the earlier announcements by the lending companies.   (more…)

Mogo will expand its offering of loans without buyback guarantee and change investment structure for new Moldova-issued loans

03.06.2020

mintosblog

Starting from 10 June 2020, all new loans placed by Mogo Moldova on Mintos will be with a changed, direct investment structure. While part of the newly placed loans will have a buyback guarantee, Mogo also follows up on the previously announced offering of loans without buyback guarantee and potentially higher yields in Georgia and other countries. Having seen demand for such loans from investors on Mintos, Mogo will continue the offering of loans without buyback guarantee also with new Moldova-issued loans.  Read more

We’re updating our lending company pages

15.05.2020

mintosblog

Twice a year, we ask all lending companies on Mintos to update their financials, loan agreement, team size, loan portfolio, loans originated, and other information that isn’t updated automatically on Mintos.  (more…)

Investors received €71M net transfers from borrowers’ repayments during March and April

14.05.2020

mintosblog

So far, 2020 has been a year like no other. We moved quickly to adapt to the new economic climate that came as a result of the COVID-19 pandemic, and continue working closely with the lending companies on our Mintos platform to make sure they do the same. (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…)

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