New structure for investments in Lendo loans



Starting from August 3, 2017, there will be a new structure for investing in Lendo loans on the Mintos marketplace. The new structure stems from new regulations imposed by the local supervisory authorities in Georgia, where Lendo operates.

How will the new process work?

To obtain exposure to Lendo loans, investors will be able to invest in loans issued by Mintos OU to Lendo, where repayments depend on the final borrower’s payments. Each loan issued by Mintos OU to Lendo will be pegged to a respective loan issued by Lendo to the final borrower.

Mintos OU is a Mintos group company. A detailed description of the new structure is available in the Mintos OU loan contract and assignment agreement.

How will the new structure affect investors?

Investors making investments according to the new structure will still gain exposure to Lendo-issued loans. Previously, investors had a direct claim against the final borrower; now, investors will have a claim against the loan originator – Lendo.

Because investments made will still be pegged to the loan performance of loans issued by Lendo, current Auto Invest functions for investing in Lendo loans will remain valid for loans placed on the Mintos marketplace under the new structure. If the change in investment structure affects your investment preferences, please be sure to adjust your Auto Invest settings accordingly.

About Lendo

Lendo joined the Mintos marketplace in July 2016, and has since become one of the top loan originators on the marketplace. The company offers investments in short-term unsecured loans issued in the largest cities in Georgia. So far, Lendo loans worth more than EUR 80 million have been funded through the marketplace.

Please feel free to contact us if you have any questions. We will be more than happy to assist you!


  • Tauri (Rahapuu blog)

    Does it mean that Creamfinance is also starting to use Mintos OÜ as the middleman for loans in Georgia?

    • Mintos

      Hi Tauri,

      It is not planned yet. Each loan originator can be effected differently based on how the law is interpreted and applied.

  • JK

    Could you explain:
    1. how do you “peg” a loan issued to the borrower to a loan issued by the borrower without assigning the loan issued by the borrower to the lender?
    2. why haven’t you gone the way of assigning the loans issued by Lendo to Mintos OU?

    • Mintos


      Unfortunately we can`t really understand your questions. We kindly ask to specify them.

      • JK

        As stated above: “Each loan issued by Mintos OU to Lendo will be pegged to a respective loan issued by Lendo to the final borrower.”
        1. How do you “peg” a loan to another loan?

        2. Why didn’t Mintos OU enter into an assignment agreement with Lendo (purchased Lendo’s claims towards borrowers)?

        • Mintos

          For each loan issued by Mintos OU to Lendo the repayment is directly linked to a specific loan issued by Lendo to the borrower. By this we mean that individual loan issued by Mintos to Lendo is pegged to borrowers loan. The new structure has been made so that first step is obtaining loan by Lendo rather than assigning the claim.

  • Yannick Lindebar


    is there a current 2016FY or better 2017HY financial statement available for Lendo? I couldn’t find anything on google and the website seems to be available only in georgian language.

    Kind regards,