ID Finance Announces Mexico Operations Launch



ID Finance reports 82% revenue growth in first half of 2017



ID Finance, the emerging markets fintech company, has reported 82% revenue growth for the first half of 2017 following successful expansion into the Brazilian online lending market. The data science, credit scoring and digital finance company has now processed over 1 million loans and is planning further expansion in Latam with a launch expected in Mexico later this year.

ID Finance was founded in Russia in 2012 and has rapidly expanded into Kazakhstan, Georgia, Poland, Spain and Brazil. It uses both traditional and alternative sources of data to improve access to competitive financial services and helps customers build their credit…

EUR 300 million invested through Mintos



Time to celebrate! Mintos has reached a new milestone – EUR 300 million has been in invested through the marketplace. More than EUR 200 million has been invested in 2017 alone, making Mintos a clear market leader in continental Europe with a 40% market share, according to AltFi Data.

In other words, about EUR 1 million is invested in loans through Mintos daily. To put that in perspective, this is three times more than just a year ago. Mintos is growing fast, and this growth is reflected in the rapid expansion…

AS “mogo” interim condensed financial information for the 6 month period ended 30 June 2017.



AS “mogo” earns 2.1 million during the first 6 months of 2017.

CORRECTION: The financial results have not been changed, Interim Condensed Financial information for the six month period ended 30 June 2017 replaced with Interim Condensed Financial statements for the six month period ended 30 June 2017.Turnover amounted to EUR 6.3 million (31% increase, compared to the same period in 2016), EBITDA reached EUR 3.7 million (29% increase, compared to the same period in 2016), net profit was EUR 2.1 million (50% increase, compared to the same period in 2016) and net profit margin was 33% (15% increase, compared to…

Now you can invest in Creditstar loans granted in the Czech Republic



Creditstar Group is strengthening its presence on the Mintos marketplace by offering short-term and personal loans granted in the Czech Republic. Loans will be listed both in euro (EUR) and Czech koruna (CZK).

Creditstar is one of the leading non-bank lenders in Europe, offering unsecured consumer loans in eight countries. The Czech Republic is the third Creditstar country, alongside Poland and Spain, that will have loans on the Mintos marketplace. To date, Creditstar loans worth more than EUR 8.4 million have already been financed through the Mintos marketplace.

Czech Republic-issued Creditstar loans on the Mintos marketplace will range from CZK 1…

August platform improvements



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We know that often even a small improvement can push a user experience from good to exceptional. That is why we have made several small, but important, changes to the platform this August, which have already been highly rated by many investors.

We have improved the design of the “About Us” and “Loan Originators” sections of our website, and are continuing to work on the latter. To make your investment experience even more transparent, soon broader information about each loan originator operating in multiple countries will be available.

When creating new Auto Invest portfolios, it…

New loans for investment from ID Finance in Georgia



ID Finance has further diversified investment opportunities on the Mintos marketplace by adding personal loans issued in Georgia under its Solva brand. Solva is a fully-owned ID Finance subsidiary in Georgia. It has disbursed 28 000 loans worth EUR 12 million since beginning operations in late 2016.

ID Finance joined Mintos in March 2017, offering investors the opportunity to invest in personal unsecured loans issued in Spain.

“We are pleased to expand cooperation with the Mintos marketplace. Solva is an innovative product in global online lending. It was developed for prime clients and offers attractive terms of personal loans. Solva closely…

ExpressCredit decreases bond nominal value for EUR 250 000



According to SIA ExpressCredit bond issue prospectus ISIN LV0000801280, as of 25/08/2017 nominal value of one security is going to be decreased by EUR 50. Total nominal value of bonds issue will be decreased for EUR 250 000. After settlement nominal value of one security (ISIN LV0000801280) will be EUR 250.

According to bond issues prospectus ISIN LV0000801280, 5 000 bonds were issued with an original nominal value of 1 000 euros. Yearly interest rate of the coupon is 14% with a 5 year term and gradual repayment of the nominal value.

ID Finance and Da Vinci Capital launch $200m fintech fund



ID Finance has joined forces with former Elbrus Capital fund manager Yuri Popov and asset management company Da Vinci Capital to launch FinTech Credit Fund, a $200m debt finance fund aimed at financial technology companies with a focus on alternative lending. Read more >

Loans from Africa now available on the Mintos marketplace



GetBucks has started placing short-term personal loans issued online in Botswana on the Mintos marketplace. With this move, GetBucks is the first loan originator on the Mintos marketplace to offer an opportunity to invest in loans issued in one of the fastest growing regions of the world — Africa.

GetBucks, part of Frankfurt-listed fintech company MyBucks, joined the Mintos marketplace in June 2017, offering investors the opportunity to invest in short-term personal loans issued in Poland. So far, the company has funded loans worth more than EUR 400 000 through Mintos.