mintos-updates-blog

February platform improvements

24.02.2017

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We have launched our currency conversion service to provide investors with an easier way to diversify their investment portfolio in multiple currencies.

Tax overview – In investor account settings, you can now submit a request to receive a tax overview report. Currently, tax overviews are available to investors from Latvia and Germany. We will expand this offering to other countries according to demand.

Starting this month, loan originators can now offer loans with irregular payment dates (for example, loans with weekly payment schedules), broadening our loan offerings. (Previously the platform only accepted loans with…

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Our currency exchange offers you fair rates with a low and transparent fee

22.02.2017

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Since December, Mintos has offered the option to invest in loans denominated in multiple currencies, including Danish krones, Czech korunas, Georgian lari, Polish zloty, Romanian Leu, with more to follow in near future. We have receive great reviews from investors! The currency exchange service offered on our platform is already being widely used.

Last month we took the next step by introducing the opportunity to convert currency directly on our platform. This means you are able to convert the money in your Mintos account to other currencies in an instant. No…

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Regional giant Aasa Global joins Mintos marketplace

22.02.2017

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We are happy to share great news with you! Aasa Global has joined the Mintos marketplace and, starting today, will place consumer loans issued in Poland on the platform. With a loan portfolio of EUR 156 million, Aasa is the biggest loan originator that has joined our marketplace so far.

Aasa Global was established in 2010. Currently the Group is operating in Poland and Finland, and plans to expand in other European countries. Aasa’s mission is to provide fast and convenient access to financial products and services based on transparency, promptness, simplicity and safety.

Having attracted EUR 50 million private equity…

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Banknote places pawnbroking loans on the Mintos marketplace

21.02.2017

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Non-bank credit lender Banknote will now offer secured loans using personal property as collateral (pawnbroking loans) issued in Latvia on the Mintos marketplace. This is a new loan type on the platform, giving investors even more opportunities to diversify their investment portfolio.

The Mintos platform will host Banknote loans averaging from EUR 100 to 5,000 with a repayment deadline of 14 days to 24 months. The annual net return to investors is expected to reach 9.5%.

Banknote already places consumer loans issued in Latvia on the Mintos marketplace.

Read more

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Mogo to offer loans from Poland on Mintos marketplace

13.02.2017

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Non-bank car loan provider Mogo is expanding its presence on the Mintos marketplace!

Mogo will now offer car loans issued in Poland on the platform. The loan originator will offer investment opportunities in Polish zloty (PLN).

Mintos will host Mogo Poland loans from PLN 2 500 to PLN 35 000, with a repayment deadline of 6 to 48 months. The annual net return to investors will range from 8.5% – 11.5%. Mogo will offer a buyback guarantee for loans that are delinquent for more than 60 days. Loan originator will retain at least 5% of each loan placed on the Mintos platform…

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Currency exchange now available on Mintos – our latest feature to maximize efficiency

02.02.2017

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We are happy to reveal that from today you can convert currency directly on Mintos marketplace to invest it in loans denominated in other currencies.

At Mintos, we take feedback very seriously, and therefore we have been continuously improving our platform by implementing your suggestions to make it easier to use.

Already since December you can invest in loans denominated in multiple currencies, such as Danish krones, Czech korunas, Georgian lari, Polish zloty, Romanian Leu and more to follow in near future. We introduced this opportunity to help you and other investors eliminate currency risk.

Now, we are taking the next step…

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New loan originator from Latvia joining the Mintos marketplace

01.02.2017

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We are happy to announce that NORD līzings has joined Mintos and will place car loans issued in Latvia on the platform starting today.

NORD līzings loans placed on the Mintos platform will range between EUR 1 000 and EUR 10 000 with loan terms from12 months to 60 months.

It is expected that the net return for these loans will be 9% – 12.5%.

NORD līzings will retain at least 5% of each loan placed on the Mintos platform on its balance sheet.

NORD līzings customers are primarily individuals who need vehicles to effectively do their work. Customer solvency evaluations are based…

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Romanian non-bank loan originator joins the Mintos marketplace

25.01.2017

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We are very pleased to announce that a leading non-bank mortgage loan originator in Romania – Extra Finance has joined the Mintos marketplace. Extra Finance will place mortgage loans on the Mintos marketplace.

The loans placed on the marketplace will range from EUR 5 000 to EUR 250 000, with a repayment deadline of 6 to 60 months. It is expected that the net annual return will range from 10% to 12%. For each loan placed on the Mintos marketplace, Extra Finance will retain at least 10% on its balance sheets – part of its “skin in the game”.

The…

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Opportunities to invest in Danish krone on the Mintos marketplace

17.01.2017

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Starting today, investors will have the opportunity to invest in loans denominated in Danish krone (DKK) on the Mintos marketplace.
The loan originator Creamfinance is offering investment opportunities in Danish krone.
Making deposits in DKK can be done easily by transferring funds to the bank account listed below:

Bank name: SEB Denmark
Beneficiary: Paysera LT
Bank account: 5295 – 0010030641
Payment purpose / details: EVP9410001845276 XXXXXX – Add funds to investor account (where XXXXXX is your Mintos investor ID number)
Account holder: AS Mintos Marketplace

Be sure to indicate the exact “payment purpose” given in the instructions to ensure that funds reach the Mintos Paysera account in…

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Changes in Lendo’s “skin in the game”

09.01.2017

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We would like to inform you that Lendo, loan originator which offers short-term unsecured loans from Georgia on the Mintos marketplace, will decrease its “skin in the game” from 15% to 10% starting January 19, 2017.

Lendo, founded in 2016, has had a very strong growth, reaching more than EUR 10 million in outstanding loan portfolio as at September, 2016. In one year, Lendo has significantly expanded and now issues loans in 40 branches across Georgia’s largest cities – Tbilisi, Batumi, Gori, and Rustavi. All loans are issued face to face at company’s branches. The company has already 220 employees…