To conveniently provide all information about pending payments in one... Read more →
Updated: Pending payments – average days and percentage of outstanding investments by lending company as of 3 July
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 the new Pending payments dashboard in your investor account.
We have received a lot of feedback from investors about pending payments. While pending payments always were a part of normal business operations, before the Covid-19 crisis they usually settled on time and were hardly noticeable to investors. The recent increase is a new situation also for us, and we appreciate all the feedback we received from you. We heard you, and we want to share some improvements we’re making to increase transparency for investors. (more…)
In this overview, we are taking a look at the current status of moratorium duration periods in the countries of lending companies on Mintos. We will address status only for the countries that had a type A moratorium or an imposed moratorium, as measures coming with this type of moratorium have limited duration periods. For some mentioned countries, these periods could be extended or finished, affecting the stream of borrowers’ repayments to lenders, or the ability to collect repayments for lending companies. Read more
Ever wondered how loans progress over time, or what all these loan statuses mean? Let’s get right into it and look at the loan lifecycle and statuses in more detail. (more…)
Every year, at the end of June, there are bank holidays in Latvia due to the celebration of the summer solstice.
We wanted to let you know that Mintos Investors Service will be available via email throughout the holidays (20-24 June). Please note that money transfers will be delayed as these days are bank holidays, too.
We thank you for your understanding and wish you a great time this summer! (more…)
The introduction of tech-based solutions to the financial industry changed the way consumers and businesses benefit from financial products and services. The expanding market is continually opening more possibilities for more players, and the European Commission has the ambition to establish a new digital finance strategy to address the directions and boundaries of the fintech industry in Europe. (more…)
All around the world, the COVID-19 pandemic is changing the dynamics of human lives. These changes are having an impact on the lives of individuals and the survival of businesses, and governments are stepping in to reduce the negative effects of the global economic downturn. (more…)
This our second update on the suspended lending companies. Please see the table and comments below for each of the affected lending companies. If you missed out on the previous update, you can read it on our blog. (more…)