Pending payments – average days and percentage of outstanding investments by lending company

02.04.2020

mintosblog

To improve communication about pending payments, we will share with you a weekly update with the most important statistics for each lending company.  (more…)

Mintos applies for European investment firm and electronic money institution licenses

02.04.2020

mintosblog

We are excited to announce that Mintos submitted the application for both an investment firm license and electronic money institution license with the Latvian regulator Financial and Capital Market Commission (FCMC) on 30 March 2020.  (more…)

Recent news summary

31.03.2020

mintosblog

We acknowledge that we recently posted a lot of information on our blog. To make it easier for you to find the most important answers, we created this news summary.  (more…)

Introducing a fee for selling loans on the Secondary Market

31.03.2020

mintosblog

From 13 April 2020, we will introduce a small 0.85% fee for selling loans on the Secondary Market. We believe this is a fair and transparent fee that will help us cover the costs, and that sets us on par with or below other leading platforms in Europe and the UK. With 38% of our active investors having used the Secondary Market, and about € 700 000 worth of loans sold each day on average¹, our Secondary Market offers considerable liquidity to those investors who want to exit an investment early.

Mintos Ratings Update, March 2020

31.03.2020

mintosblog

We are publishing changes in the Mintos Ratings for a number of lending companies on Mintos, as per decisions made prior to developments caused by the COVID-19 pandemic.  (more…)

Status update on the suspended lending companies and the recovery of invested funds

30.03.2020

mintosblog

From now on, we will share with you a monthly summary with all the main statistics listed in one file. Below, in this article, you will also find our comments on the current status and about the funds recovered from each lending company. (more…)

WITH UPDATES: Announcements of the lending companies for investors and clients

30.03.2020

mintosblog

We are in close contact with the lending companies on Mintos. As the effects of the COVID-19 pandemic continue influencing businesses and people globally, companies are working to modify, adjust and put in place different solutions that will ease the effects of the pandemic. 

Many companies are sharing announcements for their clients and investors, and we will be adding these announcements here, with updates over the next days.

(more…)

Pending payments – everything you wanted to know

25.03.2020

mintosblog

In a perfect world, money could be moved in moments and investors would receive their repayments instantly. Unfortunately, international financial systems are not yet fully globalized, and smooth, instant settlement¹ is not always possible for multiple reasons. In simple terms, money transfers – especially international transfers – take time, hence the payment becomes pending. But what does this mean exactly, and why is your money sometimes “on hold” for several days?  (more…)

The Mintos mobile app V1.0.2. is here

23.03.2020

mintosblog

Mintos mobile app version V1.0.2. is already available for downloads and updates on Google Play Store and Apple App Store.  (more…)

Mintos introduces additional extensions functionality in support of current market developments

23.03.2020

mintosblog

The current global pandemic and economic downturn are impacting borrowers worldwide. Lending companies are reacting and supporting borrowers by offering extensions where it’s reasonable and appropriate. Also, some countries (e.g. Lithuania, Romania, and Spain) have announced debt moratorium that allows borrowers to delay the repayment of debts. (more…)

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