According to SIA ExpressCredit bond issue prospectus ISIN LV0000801280, as of 26/02/2018 nominal value of one security is going to be decreased by EUR 50. Total nominal value of bonds issue will be decreased for EUR 250 000. After settlement nominal value of one security (ISIN LV0000801280) will be EUR 150.
According to bond issues prospectus ISIN LV0000801280, 5 000 bonds were issued with an original nominal value of 1 000 euros. Yearly interest rate of the coupon is 14% with a 5 year term and gradual repayment of the nominal value.
We are pleased to announce that Mintos is now a member of the Spanish Fintech and Insurtech Association. The association aims to create a supportive environment for fintech and insurtech companies in Spain and strengthen the growth of the fintech industry.
The association achieves its goals through extensive research that leads to projects facilitating the creation of good practices in the industry and making it more dynamic. It is the voice of the fintech industry in Spain, and its goal is to achieve a more favourable regulatory framework that suits the demand of the…
Do you want to get a cashback of up to 5%? Mogo has seen how much investors on Mintos have been enjoying its cashback campaign, so the company has extended it by an extra month.
Now, until March 16, 2018, if you invest in Mogo loans with a maturity of four years or more you can get a cashback of up to 5%! You will get an instant cashback of:
– 4% for investing in Mogo loans with a maturity of 48 to 59 months,
– 5% for investing in Mogo loans with…
You’ve probably heard the phrase ‘don’t put all your eggs in one basket’. When it comes to investing, this phrase could not be more relevant. Therefore, at Mintos we have our own saying: don’t put all your money into one loan, diversify!
The majority of investment professionals agree that diversification is the most important component of reaching long-range financial goals while minimising risk. Just a quick glance at statistics on Mintos also proves that investors who diversify their portfolio are more likely to experience less volatility and more solid returns than those with more…
Yet another significant milestone has been met by the Mintos marketplace for loans – in three years since its establishment, it has exceeded the half a billion euro mark in cumulative investments by investors. According to Altfi Data, Mintos currently is the leading player in the peer-to-peer lending market in Continental Europe with 39% of market share.
About EUR 1.5 million is invested in loans through Mintos daily, which is three times more than just a year ago. The average historic net annual return for investors over the past three years has been 11.9%.
Mintos adds the fourth continent, Latin America, to its geographical diversity by adding a new loan originator from Colombia. RapiCredit.com has joined the marketplace and for the first time, you can now invest in Colombia-issued short-term consumer loans with returns up to 13%.
“RapiCredit.com joining Mintos is a great achievement. With this addition, Mintos now offers loans from four different continents and 21 countries. Latin America’s alternative finance industry is growing rapidly, and we could not be happier to start on this continent with Colombia. Colombia is presently one of the first…
The first loan originator from Armenia has just joined Mintos! Varks.am is one of the leading alternative lending companies in the country and now offers short-term consumer loans for investment on the Mintos marketplace. Loans from Varks.am are listed in euro (EUR) with expected returns of 13%.
Established in 2016, Varks.am is a universal credit organisation that offers its customers fast and easy access to funds through an effective application process. Clients can receive their loan from the company in cash after applying at one of the 30 branches the company has across Armenia.
AS “mogo” attracts EUR 10 million via bond issue
On February 7, 2018 AS “mogo” closed the subscription period of bonds (LV0000880029), attracting funds in the amount of EUR 10 million.
The maturity of the bonds is March 31, 2021, the annual coupon rate – 10% with a monthly payment frequency. The bonds were offered to professional investors with a minimum investment of EUR 100,000 per each investor in the form of a private placement.
Bond issue was arranged by BlueOrange Bank.
“When in 2014 we issued and included the first EUR 20 million bond issue in the Nasdaq Riga, we hoped…
Here is another update on the situation with Eurocent.
As the compulsory administrator was appointed to Eurocent, all commercial decisions now require his approval. Because of this, regular settlements with Mintos were stopped by Eurocent in December 2017. Meanwhile, the District Court of Krakow has not yet reached a decision whether Eurocent can commence the formal restructuring process.
The management of Mintos continues to be in close contact with the administrator of Eurocent about the company’s situation and possible future developments. Currently, Mintos is in the process of evaluating all options…