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More than EUR 50 million in loans financed through peer-to-peer lending marketplace Mintos

25.08.2016

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Only a year and a half into beginning operations, peer-to-peer lending marketplace Mintos has seen investors funding already more than EUR 50 million in loans to both private individuals, as well as small and medium sized businesses. The Mintos marketplace hosts loans from 14 non-bank lenders, which have joined the marketplace from the Czech Republic, Estonia, Latvia, Lithuania, and Poland.

According to funded loan volume, to date, the most money has flowed into Latvia’s economy – 33%, Lithuania’s – 31% and Estonia’s – 23%.

“All around the world, peer-to-peer lending concept is slowly replacing bank services from which the commercial banking…

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Creamfinance now places consumer installment loans on the Mintos marketplace

18.08.2016

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We are pleased to announce that starting today, Creamfinance is offering a new product on the Mintos marketplace — consumer loans issued in Georgia with repayments in several installments.

Loans placed on the platform are expected to average EUR 900 with a repayment period of 10 months. The average net annual return for these loans is expected to be between 10-12%.

Up until now Creamfinance short-term unsecured loans with repayment in single installment issued in Georgia under its CreditON brand were available for investments on the Mintos marketplace. Since joining the platform, more than EUR 15 million in Creamfinance loans have…

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Adding German language to our international support

15.08.2016

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To assure an even better flow of communication between you and the Mintos support team, we have added another language to Mintos investor services. From now on, our support is available in four languages – English, Latvian, Russian, and also German. We have recognized the growing demand for German language services and have taken into account our investors’ needs. As always, you can contact us via chat, phone, and email.

We have a designated telephone number for each language — if you have any questions regarding the Mintos platform, please feel free to give us a call during business hours…

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Mogo launches loans without buyback guarantee

11.08.2016

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We are happy to announce that Mogo loans without the buyback guarantee are now available on the Mintos marketplace. We are excited to bring to market yet another loan product that will allow investors to further diversify risk. With a total of EUR 130 million in loans originated since the company was founded in 2012, Mogo is the largest non-bank car loan provider in the region, with operations in Estonia, Georgia, Latvia, Lithuania, and Poland.

Loans without the buyback guarantee is an opportunity for investors to earn potentially higher net returns. Moreover, by investing in loans without the buyback guarantee,…

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Creditstar Group joins the Mintos marketplace

09.08.2016

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We are pleased to announce that starting today Creditstar Group has joined the Mintos marketplace. Creditstar offers unsecured consumer loans in eight European countries and is kicking off its cooperation with Mintos by adding loans granted in Poland to the marketplace.

The average loan amount that Creditstar will place on the Mintos platform will range from EUR 20 to EUR 700, with a repayment period from 5 days to 3 months. The average net annual return to investors is expected to be up to 14%. Creditstar will offer a buyback guarantee to loans that are delinquent for more than 60…

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Invest in AgroCredit loans and support farmers in Latvia

01.08.2016

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We are truly pleased to announce that we are now working with nonbank lender AgroCredit, which issues farmers loans secured with grain sale contracts. This collaboration between AgroCredit and Mintos will provide Latvian farmers improved access to financing.

AgroCredit’s clients are primarily grain farmers, who require financing for agricultural inputs, including seeds, fertilizer, chemicals, or fuel costs. Future grain sale contracts with AgroCredit partners act as collateral for these loans; once grain is delivered, funds are transferred to the lender’s account, paying down the farmer’s liabilities.

AgroCredit will place loans on Mintos marketplace with principal from EUR 5,000 to 100,000…

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Marcis Gogis: Mintos marketplace improvements in July

28.07.2016

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We are implementing responsive user interfaces step by step and you will see the Mintos marketplace completely responsive in the near future.

User experience has a significant role in determining our client satisfaction goals, so this July was marked as a starting point for building responsive web design user interfaces to improve the usage quality of the Mintos peer-to-peer lending platform on mobile phones and other touchscreen devices. These improvements will allow us to provide a handy online investment environment for investors, regardless of device screen resolution. The first steps towards fully responsive platform design can already be…

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Georgian credit lender Lendo will offer short-term, unsecured loans on the Mintos marketplace

25.07.2016

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We are truly pleased to announce our new cooperation with Lendo, a non-bank credit lender from Georgia. Lendo will offer short-term unsecured loans on the Mintos platform.

The average loan will range around EUR 100 with a 30-day due date.  Lendo will offer a buyback guarantee for loans that are delinquent for more than 60 days.

To start with, the average annual net return for these loans is expected to be 14%. Initially, Lendo will also keep at least 15% of each loan that they place on the platform on its balance…

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Nonbank mortgage lender from Lithuania, Kredito garantas, joins the Mintos marketplace

18.07.2016

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The Mintos team is very pleased to announce that Lithuania’s subsidiary of Omega Laen – Kredito garantas  – has joined the Mintos marketplace, where they will offer personal mortgage loans.

Kredito garantas will offer low-risk loans for financing in the marketplace. These loans will primarily range from EUR 1 500 to 40 000, with repayment periods from 6 months to 10 years. As these are low-risk loans – guaranteed with real estate collateral in Lithuania’s largest cities – the average net annual return is expected to be approximately 8%. In order to retain “skin in the game”, Kredito garantas will keep at least 10%…

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Martins Valters: Deep Dive in the Secondary Market of Mintos

04.07.2016

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What does nearly 1.5 years of secondary market data reveal?

In this post we will analyze data from secondary market transactions for the period from Mintos’ launch in January 2015 through May 2016. At end of this article we also include a detailed list of secondary market transactions for the above-mentioned period.

Some of our investors have expressed concerns about loan flipping – that some investors buy loans on the primary market and then resell them to other investors in the secondary market by charging a premium and thus turning a quick profit. To address these concerns, we will also review…