Bino

Last Updated: 20.06.2019. Date when the basic information was updated
Bino
Loans Originated Total volume of loans issued by this company to borrowers since its founding.
€ 54.2 M
Loan portfolio Loans issued by the lending company to borrowers at the time of the most recent financial statement that are current or less than 60 days late.
€ 10.1 M
Buyback obligation A credit enhancement given by the lending company or other entity to the Issuer for a particular Set of Notes. If an underlying loan is more than 60 days late, the lending company is obligated to buy back the investment at nominal value plus accrued, outstanding or late interest. Usually, this means investors will be able to recover their investment in case of a borrower default.
Skin in the Game To ensure the interests of a lending company and investors are aligned, the company is required to keep a stake of each investment opportunity it offers through Mintos. This is called the company's skin in the game.
Average Interest % The weighted average interest rate of investment opportunities from this lending company.
12.1%
Website:
bino.lv
Founded:
2017
Employees:
27
Joined Mintos:
12.12.2017
Effective APR charged to borrowers: APR is not always the most representative measure of the cost of borrowing, therefore, Mintos shows effective APR. This is a unified measure among all loan originators on the platform. To calculate the effective APR, the methodology called XIRR (extended internal rate of return) is used, which is further adjusted to exclude compounding effects. Effective APR is calculated based on the cash flows charged to the borrower which includes principal, interest and any fees charged on a single loan basis, whether they are compulsory or not or are charged by a third party.
107%-175%
Outstanding investments: Total volume of outstanding and available investments from this company on Mintos. Updated daily.
€ 9 240 411

Recent News

07.07.2023

Zenka is now a part of Sun Finance on Mintos
All News

About

Bino.lv is one of the leading online short-term consumer lenders in Latvia. The company deploys the latest technologies to ensure instant consumer identification and scoring. The data-driven approach has enabled Bino.lv to build a well-performing portfolio relatively quickly.

The company is led by a management team of professionals that have 10 years’ experience in the online consumer crediting market. Its office is located in Riga, Latvia, which offers a fintech-friendly environment and legal setup, as well as a saturated labour market of experienced online consumer lending and IT professionals.

Some of the equity investors in the loan originator and Mintos overlap.

Presentation

Presentation

Last Updated: 02.07.2019

Financials

Financials

Last Updated: 19.11.2019

Loan Agreement

Loan Agreement

Last Updated: 12.12.2017