Interview with the CEO of Aforti Holding regarding Q1 2018 results

26.06.2018

mintosblog

Investments into ID Finance’s Kazakhstan-issued loans gain 10 % yield in one and a half months

21.06.2018

mintosblog

Investors who used Mintos to invest in the loans of ID Finance Kazakhstan, denominated in Kazakhstani tenge, received returns in EUR terms 7.2% above the declared rate due to appreciation of the Kazakhstan tenge (KZT) against the Euro (EUR). Moreover, investors received a 17% annual interest as investment earnings – one of the highest rates on Mintos. This return rate is normally 10.5% for investments in EUR.

ID Finance Kazakhstan has been working with Mintos since April 12, 2018. In one and a half months, the exchange rate of KZT against the EUR has increased by…

What’s next for Aforti? Find out in this interview with the CEO of Aforti Holding, Klaudiusz Sytek

12.06.2018

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Aasa Polska launched the second edition of its CSR campaign for digital activation of older generations in Poland

23.05.2018

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As much as 55 percent of people aged 15-35 in Poland believe that their parents, parents-in-law or grandparents are digitally excluded. At the same time, as much as 95 percent of young people want to help their relatives in using the network – according to the “Aasa Report – Activity of older generations on the Internet through the eyes of the young 2018”. For this reason, Aasa Polska launches the second edition of the nationwide educational campaign called “Aasy Netu” (“Aases of the Net”), aimed at the digital activation of mature people, with the support of younger generation.

As part…

£35m facility agreed with business British bank

17.04.2018

mintosblog

1pm plc

(the “Group” or the “Company”)

£35m FACILITY AGREED WITH THE BRITISH BUSINESS BANK

  • Facility to be deployed through the Group’s subsidiary entity, Bradgate Business Finance Limited (“Bradgate”), to satisfy growing demand for ‘hard asset’ leasing
  • Significant reduction in the Group’s blended cost of borrowing expected over the life of the facility

 

1pm plc, the AIM listed independent specialist provider of finance facilities to the SME sector is pleased to announce that it has signed a £35m asset finance facility (the “Facility”) with the British Business Bank (“BBB”) under BBB’s ENABLE Funding programme. The…

MoneyMetro changes its name to VIZIA

06.04.2018

mintosblog

As of March 26, 2018, the brand MoneyMetro has changed its name to VIZIA. The name of the brand was changed because its consumer lending operations were moved into a fully online environment.

The company believes that brand VIZIA has a better position in the competitive online lending market in Latvia. The name change of MoneyMetro to VIZIA will have no effect on loans issued under the MoneyMetro brand.

If you currently invest in loans from MoneyMetro your investments will automatically update with the new name.

VIZIA (previously MoneyMetro) is fully owned by ExpressCredit Group, the leading consumer financial services chain in…

Debifo tripled the number of its clients

04.04.2018

mintosblog

In 2017, the invoice financing company Debifo earned even more trust from both clients and investors – the company improved all key performance indicators and attracted new clients, thus becoming the largest non-bank invoice financer in Lithuania by the number of clients.

The number of Debifo clients grew from 50 in 2016 to 153 last year. According to Justas Šaltinis, Director of Debifo, active adaptation of services to the needs of small and medium-sized business could be pointed out among the key reasons for this growth.

“Last year, flexibility, transparent price and speed were our key priorities. We approve financing within…

Aasa signs the Diversity Charter

04.04.2018

mintosblog

Aasa, an international fintech company, has signed the Diversity Charter in its Polish, Estonian and Swedish affiliates. In this way, the company committed itself to promoting cultural, ethnic and social diversity in its work environment.

The Diversity Charter is an initiative promoted by the European Commission at the pan-European level. It constitutes a commitment of organizations to counteract discrimination and, at the same time, take action aimed at creating inclusive jobs open to diversity. Signing the Charter has also a broader dimension as its Signatories work for social cohesion and equality.

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Varks.am attracts long-term capital that will provide additional security for Mintos investors

28.03.2018

mintosblog

Varks.am shareholders have decided to increase the registered share capital of Varks.am from AMD 455 to AMD 600 million (the equivalent of approximately EUR 1 million).  The increase of share capital will result in larger equity and raise the financial stability of the company. Share capital changes will be registered in the following weeks.

In addition, Varks.am concluded a subordinated loan agreement amounting to EUR 1.5 million. The subordinated loan agreement will stay in place to ensure at least a 15% Equity ratio for Varks.am, ensuring a stable and balanced growth of the company. This…

AS “mogo” condensed financial information for the 12 month period ended 31 December 2017.

01.03.2018

mintosblog

AS “mogo” earns 3.5 million during 2017.

Turnover amounted to EUR 13.7 million (30% increase, compared to the same period in 2016), EBITDA reached EUR 6.1 million (19% increase, compared to the same period in 2016), net profit was EUR 3.5 million (35% increase, compared to the same period in 2016).

As at 31 December 2017 value of the net lease portfolio reached 30.6 million euro (22% increase, compared to 31 December 2016).

“Mogo in Latvia posts another successful year with significant growth in profits, at the same time continuing to invest both in the development of services in Latvia,…