Non-bank car loan provider Mogo continues strengthening its presence on the Mintos marketplace by adding Mogo car loans issued in Bulgaria to its offering to investors. Bulgaria is the sixth Mogo Group market represented on Mintos.
Mogo is one of the top loan originators on the Mintos marketplace. Mogo joined Mintos in March 2015, and has since funded car loans worth EUR 56 million through the marketplace. To date, the average net annual return offered for Mogo loans has been above 12%.
The new loans Mogo will place on the Mintos marketplace will range from EUR 500 to EUR 10 000,…
Eurocent S.A. reported consolidated operating loss of PLN 2.7 million and consolidated net loss of PLN 3.2 million for the second quarter of 2017.
The Mintos marketplace now features consumer loans issued in Latvia by MoneyMetro. The company is fully owned by ExpressCredit Group, the leading consumer financial services chain in Latvia, which already places consumer loans issued under the Banknote brand on the Mintos marketplace.
MoneyMetro loans placed on the Mintos marketplace will average EUR 400 and have a repayment term of 12 months. The annual net return to investors is expected to reach 11.5%.
The loans will be supplemented with a buyback guarantee covering loans delinquent for more than 60 days. The obligations of MoneyMetro will be guaranteed by ExpressCredit Group. To retain…
Non-bank car loan provider Mogo has added car loans issued in Romania to its offering on the Mintos marketplace. Thus, Romania is the the fifth Mogo Group market represented on Mintos, alongside Estonia, Latvia, Lithuania and Poland.
Mogo is one of the top loan originators on the Mintos marketplace. Mogo joined Mintos in March 2015, and has since funded car loans worth EUR 54 million through the marketplace. To date, the average net annual return offered for Mogo loans has been 12.3%.
“We are very happy…
SIA ExpressCredit Group’s turnover for the 1st half of 2017 reached EUR 8.7 m and Group worked with unaudited net consolidated profit of EUR 1.44 m.
The Group’s operations during the period from 1 January to 30 June 2017 has been successful. In line with plans, total revenue for the period was up by 25.4% against the 2016 respective period and reached 8 718 678 euro.
Agris Evertovskis comments on 2017 1st half year results: “The growth of the Group’s performance in comparison with the previous half-year is significant. The company’s financial position and operating results are the best…
AS “mogo” earns 2.1 million during the first 6 months of 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 the same period in 2016).
As at 30 June 2017 gross value of the lease portfolio reached 29.6 million euro (11% increase, compared to 31 December 2016).
Interim Condensed Statement of Profit or Loss…
In July, we continued to upgrade our Auto Invest tool. As it is one of the most popular tools among our investors, we are listening closely to investor suggestions for its improvements. In July we launched several new updates.
Using the Auto Invest tool, you can now select loans for investment by setting specific criteria on each loan originator’s level. These criteria are: country of the issued loan, availability of the buyback guarantee, loan type and status, remaining sum, amortization method, date of loan issue, date of loan listing on the platform, and…
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…