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Capitec Bank invests €21M in European fintech Creamfinance

27.03.2017

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Today, Creamfinance, a leading consumer finance provider and the fastest-growing European fintech, announced the closure of a €21 million deal in Series B financing with Capitec Bank Holdings Limited (“Capitec”). This round follows a €5 million in Series A investment from international venture capital fund Flint Capital. Capitec is listed on the South African stock exchange and is the parent company of Capitec Bank that played a major role in revolutionizing banking in South Africa.  The funds will be used to accelerate the company’s international expansion and introduction of a full product portfolio in existing markets. Following…

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Capital Service joins the Mintos marketplace

23.03.2017

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We welcome a new loan originator from Poland to the Mintos marketplace! Capital Service has joined Mintos and, starting today, will place installment loans issued on- and offline in Poland on the platform.

Capital Service operates the second-largest non-bank lending branch network in Poland. The company  was founded in 1999 and has accumulated significant experience in consumer lending over the past 18 years. Capital Service loans placed on the marketplace will range in size from EUR 250 to EUR 3 600, with a repayment deadline of 3 to 48 months. The net…

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New loan originator from Lithuania joins the Mintos marketplace

22.03.2017

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One of Lithuania’s biggest online consumer loan lenders has joined the Mintos marketplace! Starting today, Mozipo Group will place short-term personal loans issued in Lithuania under the Moment Credit brand on the platform.

Loans that Mozipo Group will place on the Mintos marketplace are expected to range from EUR 100 to EUR 3 000, with a repayment period of 3 to 36 months. The loan originator will offer investment opportunities in euro (EUR).

The average net return to investors is expected to be around 12%. Mozipo Group will offer a buyback guarantee for loans that are delinquent for more than…

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Adding the biggest loan originator on Mintos to your Auto Invest portfolio

20.03.2017

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We have recently set a new record on Mintos marketplace by welcoming the biggest loan originator so far – Aasa Global. What opportunities does it bring to our investors and how to add Aasa to your Auto Invest portfolio?

Aasa’s offer on Mintos is the one not to miss — loans in euro and Polish zloty ranging from EUR 100 to EUR 2 300 with the average 10% net return to investors. What’s more, Aasa offers a buyback guarantee for all loans, on which payments are delayed for over 60 days, and this makes it a great opportunity for…

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Poland’s Eurocent joins Mintos marketplace

17.03.2017

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Mintos welcomes a new loan originator to the platform! Eurocent, a stock market-listed company, has joined the Mintos marketplace and, starting today, will place medium-term personal loans issued in Poland on the platform. This is the first loan originator from Poland to issue loans offline.

Eurocent loans placed on the marketplace will range in size from EUR 75 to EUR 2 550 with loan terms of 8 to 18 months.

Eurocent will offer a buyback guarantee for loans that are delinquent for more than 60 days.

The annual net return for these loans is expected to range from 10% to…

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Changes in the Board of AS “mogo”

16.03.2017

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AS “mogo” informs, that effective from 15 March 2017, there are changes in the Board of the Company. The current Chairman of the Board Aleksandrs Čerņagins is being replaced by Edgars Egle. Aleksandrs Čerņagins will remain Member of the Board of AS “mogo”.

About AS mogo

AS “mogo” offers classical finance lease and lends against vehicles already owned by clients (a type of service known as leaseback), which is available by filling out an application on the company website, mobile website, over the phone, enquiring with one of 320 affiliated car dealerships, or at one of its client service centers in…

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AgroCredit Latvia – Farming Loan Investments

10.03.2017

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How to invest in the Latvian Agriculture Credit Market

AgroCredit Latvia has been operating since 2011 as a non-bank lender that issues Latvian farmers loans secured with grain sale contracts. Our primary product offered is seasonal financing for current assets, which is repaid at the end of each farming season,  after grain sales are completed. Fixed future grain delivery contracts serve as collateral for loans.

Our credit portfolio achieved close to EUR 7 million  at the end of last season. Customers are local Latvian farmers, who operate their farms for a longer run and are known to AgroCredit and/or our partners.

Though…

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Mintos marketplace – a loan originator’s perspective

07.03.2017

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By Justas Šaltinis, Founder and CEO of DEBIFO | February 2017

Background

DEBIFO offers selective invoice financing services to clients based in Lithuania. We offer both confidential and disclosed invoice financing for invoices issued to large foreign and local corporations. Invoice financing allows small and new businesses holding invoices against large and trustworthy corporations to quickly turn receivables into working capital and balance cash flows.

Since its founding in May 2015, DEBIFO has financed over 1,400 invoices against a principal value of EUR 10 million. We have served over 80 small- and medium-sized businesses and have…

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AS “mogo” audited financial statements for the 12 month period ended 31 December 2016

01.03.2017

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AS “mogo” earns 3.0 million during the first twelve months of 2016.

CORRECTION: Unaudited financial statements 2016 have been added. The rest of the information is unchanged.

Turnover amounted to EUR 10.4 million (14% increase, compared to 2015), EBITDA reached EUR 6.0 million (71% increase, compared to 2015), net profit was EUR 3.0 million (196% increase, compared to 2015) and net profit margin was 28% (159% increase, compared to 2015).

As at 31 December 2016 gross value of the lease portfolio reached 27.0 million euro (1% decrease, compared to 31 December 2015).

Audited Statement of Profit or Loss and other Comprehensive Income*

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AgroCredit Latvia unaudited annual report 2016

01.03.2017

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AgroCredit Latvia publish unaudited annual accounts for 12 months, 2016.

In 2016 the company was continously growing, showing gradual and well balanced development trend. The share capital of the company was raised by 1/3rd and that allowed to acquire additional financial resources from outer investors and thus grow the credit portfolio. The total credit portfolio achieved nearly 6 mEUR by the end of the seeding season.

In the middle of 2016 the company emitted bonds and later in August started the quotation in Nasdaq Baltic stock exchange. It helped not only to raise additional funds for the business but helped to…

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