IuteCredit Group has covered all IuteCredit Kosovo outstanding loans due to investors on Mintos

12.06.2020

mintosblog

By Friday 12 June more than 32 000 Mintos investors have received payments in full for their outstanding investments in IuteCredit’s Kosovo loan portfolio.  (more…)

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…)

Peachy has repaid € 277 525 to investors on Mintos

11.06.2020

mintosblog

Peachy, a lending company that decided to discontinue business operation in the UK, has recently made a repayment of € 277 525 which has already been transferred to investors on Mintos. As of today, the company is still yet to repay € 837 967 in outstanding invested funds to Mintos investors, including pending payments.  (more…)

Investors on Mintos have earned a total of €100 million in interest

28.05.2020

mintosblog

In May 2020, Mintos reached two big milestones that signify the continued growth trend of our marketplace for investing in loans, despite the global downturn caused by the COVID-19 pandemic. Mintos investors have earned a total of EUR 100 million in interest, while the 300 000th investor has joined the Mintos marketplace. (more…)

IuteCredit ends loan buyback from Mintos investors

19.05.2020

mintosblog

IuteCredit Europe AS, the parent company of IuteCredit Group, has registered on Mintos as an investor and has ended buying back loans of its subsidiaries from the Secondary Market.  (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…)

Updated: IuteCredit starts loan buyback from Mintos investors

30.04.2020

mintosblog

April 30 update: IuteCredit has prolonged the discounts and offer validity for the buyback. Please see the highlighted details below.

(more…)

Mintos Crowdlending Survey: majority of investors look for opportunities in the disrupted market

29.04.2020

mintosblog

– More than 2200 investors surveyed
– Majority of investors surveyed have € 5 000 to € 25 000 invested on crowdlending platforms
– A total of 65% of investors with investments across asset classes had optimistic responses to the pandemic: they either didn’t change their investment strategies, or they increased invested amounts
(more…)

Update on recent Varks licence revocation, situation in Armenia and Finko payments to investors on Mintos

22.04.2020

mintosblog

Comment by CEO of Finko Group, Janis Pizics for investors on Mintos:

Economic situation and Covid-19 impact

It is critical to understand the current economic and social situation in Armenia. Large part of the economy in Armenia consists of tourism and agriculture, and the rapid growth historically was driven by construction and service sector. (more…)

Comment from Boris Batine, CEO of ID Finance on pending payment days to investors on Mintos, shared on April 9, 2020

09.04.2020

mintosblog

Dear investors on Mintos, 

First, in relation to my communication of 7th April, thank you for your kind understanding of the situation we find ourselves in, with states of emergency in Kazakhstan, Spain and Mexico and the resultant impact on our loan service schedules. 

Many of you have raised questions about our decision to pay interest irrespective of whether we receive it from our customers. I can assure you that our liquidity cushion is strong and sufficient to make this commitment to our investors. You can always send your questions to [email protected]

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