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