AlexCredit loans suspended from the Primary and Secondary Markets

28.03.2020

mintosblog

Due to failing to make timely settlement payments for investors on Mintos, we have made a decision to suspend loans originated by the lending company Alexcredit from the Primary and Secondary Markets on Mintos, until further notice.  

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Key takeaways from the Mintos webinar with CEO Martins Sulte

27.03.2020

mintosblog

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“We live in very uncharted times and territory, unexperienced before,” said Martins Sulte, Co-founder and CEO of Mintos at the beginning of his 100 minutes long live-streamed YouTube talk to investors on Friday, March 20, 2020. (more…)

How Mintos and our lending companies are preparing for a recession

27.03.2020

mintosblog

With the COVID-19 situation taking its toll on the global economy, many investors may feel unsure about how to react to the current market downturn.  
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Creditstar’s letter to P2P investors

27.03.2020

mintosblog

At Creditstar we understand that these can be challenging times for everyone. Not only are people concerned for their health, but it is, understandably, a disorientating time for P2P investors. However, the message from Creditstar is to keep calm and capitalise on higher interest levels offered by loan originators. Here’s how we recommend investors to navigate financially through these uncertain times.  (more…)

Update: Finko AM (Varks) licence revoked in Armenia

26.03.2020

mintosblog

On 24 March 2020, the Board of the Central Bank of the Republic of Armenia (CBA) published a revocation of license for the lending company United Credit Joint Stock Company, which operates under the brand name Varks. Varks, as a part of the Finko group, is represented as Finko AM on the Mintos marketplace.  (more…)

Statement from Finko on recent Varks licence revocation

26.03.2020

mintosblog

Below is a comment we share with investors on Mintos from the CEO of Finko Group, Janis Pizics:

“According to the announcement of the Central Bank of Armenia, the license for business of the lending company United Credit Joint Stock company, represented by a brand name Varks, is revoked. This comes as a significant surprise both to the local team as well as to FINKO Group. The reason for revoking the license given in the statement by the Central Bank of Armenia is capital inadequacy.

Monego: payment from the liquidator received

25.03.2020

mintosblog

We’re happy to share good news about Monego: the claims we filed with the Monego liquidator appointed by the Central Bank of Kosovo (CBK) on behalf of our investors have been partly satisfied. The liquidator made a first € 2 000 000 payment yesterday, 24 March 2020, which has been allocated to investors on Mintos with active investments in Monego loans. Investors who have waited the longest were repaid first. (more…)

Pending payments – everything you wanted to know

25.03.2020

mintosblog

In a perfect world, money could be moved in moments and investors would receive their repayments instantly. Unfortunately, international financial systems are not yet fully globalized, and smooth, instant settlement¹ is not always possible for multiple reasons. In simple terms, money transfers – especially international transfers – take time, hence the payment becomes pending. But what does this mean exactly, and why is your money sometimes “on hold” for several days?  (more…)

Updated: The IFN Extra Finance licence has been revoked

24.03.2020

mintosblog

Update 24 March

IFN Extra Finance Mintos Rating will be downgraded for now from B to C, as the company has a limited competitive position and will not issue new loans. The new rating is effective immediately, until further notice.


We have been informed that the National Bank of Romania has revoked the licence of IFN Extra Finance.

The revocation of licence and exclusion from the General Registry and the Special Registry of the Non-bank Financial Institutions of Romania prohibits further lending activity of IFN Extra Finance.   Read more

The Mintos mobile app V1.0.2. is here

23.03.2020

mintosblog

Mintos mobile app version V1.0.2. is already available for downloads and updates on Google Play Store and Apple App Store.  (more…)

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