In the second quarter of 2017 Capitalia reported total revenues of EUR 648 thousands (year-to-date), which is an increase by 52% compared to the respective period in 2016.
On operating results
In the second quarter of 2017 Capitalia reported total revenues of EUR 648 thousands (year-to-date), which is an increase by 52% compared to the respective period in 2016. In the current period we achieved profit of EUR 41 thousands that more than covers losses of the previous financial year. We have managed to achieve a solid growth in the loan portfolio with landmark figure of EUR 5m loan…
Here is an update on the situation with Eurocent-issued loans. After missing repayment of its corporate bonds on June 8, 2017, Eurocent has continued servicing the loans and passing on all borrower payments to investors on the Mintos marketplace. Since June 8, 2017, the outstanding investment portfolio in Eurocent loans on the Mintos marketplace has decreased by 21%.
Eurocent continues to negotiate with potential investors to resolve its financial situation. However, given the still-uncertain results of these negotiations, Eurocent has submitted an application to the court to restructure the company’s debts. This is a…
FinTech Profile interviews Boris Batine, the Co-founder of ID Finance; a data science, credit scoring and digital finance company that is pioneering fintech innovation in emerging markets.
Romanian alternative lending company Extra Finance has started a new line of business financing small- to medium-sized residential real-estate projects. Extra Finance will offer these loans to investors on the Mintos marketplace.
“The new line of business is growing rapidly. Last year, we financed real estate projects worth more than one million euro. This year, we have already funded projects worth three million euro. We aim to finish 2017 with close to five million euro in financing to nine projects,” says Stefan Dumitru, co-founder and CEO of Extra Finance.
On average, projects financed by Extra…
Mintos welcomes a new loan originator from Georgia! Microfinance Organization BIG will offer investors the opportunity to invest in micro business, car, and agricultural loans to earn up to 17% annually.
BIG is one of the leading microfinance institutions in Georgia with nine years of experience issuing loans to small-and medium-sized businesses such as small retail stores, providers of various services, and family farms.
On the Mintos marketplace, BIG will offer investors the opportunity to invest in micro business, car, and agricultural loans denominated in Georgian lari (GEL) and ranging from GEL 300 to GEL 50 000. Loans will…
Taking into account how popular Auto Invest is among investors, in June we have made several improvements to the tool:
We have added the ability to set a priority order for Auto Invest portfolios. If an investor has made several Auto Invest portfolios and has unused funds in their Mintos account, the first portfolio to be fulfilled with be the portfolio set with the highest priority.
It is now possible to define not only the maximum, but also the minimum investment sum to invest in one…
Placement of new Eurocent loans on the Mintos marketplace has been temporarily suspended. The decision was made by Mintos management following the information that Eurocent has missed the repayment of its corporate bonds.
Eurocent bonds worth PLN 1.8 million (EUR 425 000) were due on June 8, 2017. According to the company’s information, the failure to make the repayment was caused by a delay in the negotiation process to attract new financing.
Following the missed bond repayment, the management of Mintos marketplace made a decision to stop the placement of new Eurocent loans on…
Information about publishing SIA ExpressCredit financial reports for 2017, in accordance with AS Nasdaq Riga rules On Listing and Trading of Financial Instruments in the Markets Regulated by the Exchange, is summarized below.
Non-audited interim condensed consolidated reports will be published as follows:
6-month report – from 28.07.2017 till 04.08.2017;
9-month report – from 27.10.2017 till 03.11.2017;
12-month report – from 19.02.2018 till 26.02.2018.
We are welcoming a new loan originator! GetBucks, part of the Frankfurt-listed fintech company, MyBucks, has started placing short-term personal loans issued online in Poland on the Mintos marketplace. MyBucks operates across three continents – Africa, Europe, and Australia. It is planned to offer loans issued in Africa on the Mintos marketplace soon.
The average loan GetBucks will place on the Mintos marketplace is EUR 250, with a repayment period of 30 days. The loan originator will offer investment opportunities in both euro (EUR) and Polish Zloty (PLN). The average annual net return to investors will reach 11%.