Following the update from 30 March and update from 30... Read more →
At Creditstar we understand that these can be challenging times for everyone. Not only are people concerned for their health, but it is, understandably, a disorientating time for P2P investors. However, the message from Creditstar is to keep calm and capitalise on higher interest levels offered by loan originators. Here’s how we recommend investors to navigate financially through these uncertain times. (more…)
On 24 March 2020, the Board of the Central Bank of the Republic of Armenia (CBA) published a revocation of license for the lending company United Credit Joint Stock Company, which operates under the brand name Varks. Varks, as a part of the Finko group, is represented as Finko AM on the Mintos marketplace. (more…)
Below is a comment we share with investors on Mintos from the CEO of Finko Group, Janis Pizics:
“According to the announcement of the Central Bank of Armenia, the license for business of the lending company United Credit Joint Stock company, represented by a brand name Varks, is revoked. This comes as a significant surprise both to the local team as well as to FINKO Group. The reason for revoking the license given in the statement by the Central Bank of Armenia is capital inadequacy.
We’re happy to share good news about Monego: the claims we filed with the Monego liquidator appointed by the Central Bank of Kosovo (CBK) on behalf of our investors have been partly satisfied. The liquidator made a first € 2 000 000 payment yesterday, 24 March 2020, which has been allocated to investors on Mintos with active investments in Monego loans. Investors who have waited the longest were repaid first. (more…)
Update 24 March
IFN Extra Finance Mintos Rating will be downgraded for now from B to C, as the company has a limited competitive position and will not issue new loans. The new rating is effective immediately, until further notice.
We have been informed that the National Bank of Romania has revoked the licence of IFN Extra Finance.
The revocation of licence and exclusion from the General Registry and the Special Registry of the Non-bank Financial Institutions of Romania prohibits further lending activity of IFN Extra Finance. Read more
Finko Group, a technology-driven online and offline lender operating across multiple markets worldwide and the largest loan originator listed on the Mintos platform, has passed the €136 million revenue mark, recording substantial growth over the prior year. The Group’s net profit in 2019 amounted to €17.6 million. (more…)
Another great opportunity to increase your returns on Mintos. GetBucks has just launched a cashback campaign, valid from 19.03.2020. till 25.03.2020. Enrol here to qualify for a 1% cashback on GetBucks’ loans with over 24 months maturity, from Botswana and Kenya. (more…)
Estonian international fintech company IuteCredit Group increased its issued loan volume by 86%, finishing 2019 with EUR 152 million. The increased volume is the result of IuteCredit’s innovative technical solutions to speed up risk assessment for loans. (more…)
As of December 2019, ID Finance has decided to split its operations into two groups:
– ID Finance – loans from Spain and Mexico;
– IDF Eurasia – loans from Kazakhstan.
Starting from 18.03.2020., both groups are listed separately on Mintos as independent lending companies. Investors’ Auto Invest preferences will be automatically adjusted to all 3 countries. To exclude any of the two groups, investors need to update their Auto Invest settings manually. Read more
Last year we informed investors about the changes in MyBucks S.A. (“MyBucks”). As there have been several important developments after that, we feel that they should be described in more detail. The CEO of MyBucks, Timothy Nuy, took the time to chat with Mintos about the situation in the company. (more…)