Following the update from 30 March and update from 30... Read more →
In February 2020, Mintos CEO Martins Sulte had an interview in the series “Tech Talk” with The Financial Times’ international financial affairs publication “The Banker”. The London interview was hosted by Joy Macknight, Managing Editor at “The Banker”. Recorded before the COVID-19 pandemic, the video interview was featured on the magazine’s website in May 2020.
In the last 11 months since our previous update, 19 new lending companies have launched on Mintos, and 7 have left our marketplace. Here, we look back on each lending company that has left and the reasons for it. (more…)
Twice a year, we ask all lending companies on Mintos to update their financials, loan agreement, team size, loan portfolio, loans originated, and other information that isn’t updated automatically on Mintos. (more…)
So far, 2020 has been a year like no other. We moved quickly to adapt to the new economic climate that came as a result of the COVID-19 pandemic, and continue working closely with the lending companies on our Mintos platform to make sure they do the same. (more…)
On March 30 and April 30, we wrote about the defaulted lending companies and the status of fund recovery. Starting today, we are also updating the status of the suspended lending companies on Mintos. You can learn more about suspensions in our blog post. (more…)
Tarmo Sild, CEO of IuteCredit: “The Q1 2020 results were pleasing and almost in line with our targets. IuteCredit Group grew its loan portfolio at strong annual percentage rates, attracted more customers, and the customers maintained good repayment discipline.
Since the last update, some of the MyBucks Group entities were not able to make timely repayments to Mintos investors. Mintos, together with MyBucks Group management, has agreed on several steps to remedy the situation and protect investor interests: (more…)
“Mintos has adjusted to the “new normal”. We’re fully operational, we’ve adjusted our strategy and now we’re focusing on maintaining our current business volumes instead of pursuing growth,” said Martins Sulte, when opening the most recent AMA (Ask Mintos Anything) session, which was live-streamed on the company’s YouTube channel on Thursday, April 23, 2020. (more…)
Mogo Finance reports strong financial results and shares a recording of their earnings call (updated with Q&A)
This week, the biggest secured lender on Mintos and leading international car loans based finance provider Mogo Finance has published its 2020 Q1 results. Company achieved yet another quarter of strong profitability growth in terms of EBITDA despite unprecedented headwinds of global COVID-19 pandemic. Below you can find Mogo key operational and financial highlights: (more…)