3 July: Status update on the suspended lending companies

03.07.2020

mintosblog

We’re sharing the fifth update on the suspended lending companies on Mintos. View the table for financial data and read comments on each lending company below.  (more…)

19 June: Status update on the suspended lending companies

19.06.2020

mintosblog

We’re sharing the fourth update on the suspended lending companies on Mintos. View the table for financial data and read comments on each lending company below.

In this update, we’ve added an additional split for pending principal and interest, so you can see how much of the money comes from repayments, buybacks, and rebuys.  (more…)

Mintos Ratings update, June 2020

19.06.2020

mintosblog

With the latest Mintos Ratings update, we are introducing rating changes for 7 lending companies on Mintos and sharing status overviews for some specific cases on the marketplace. We are also removing the “Ratings Watch” status notification from the loan originators list, and it won’t be used anymore. Where applicable, this status notification will be substituted with a status “Suspended”.  (more…)

Some of the extended Akulaku loans will be moved to pending payments

12.06.2020

mintosblog

Due to the pandemic and the subsequent borrowers moratorium in Indonesia, Akulaku, along with other financial institutions, has been obliged to perform loan extensions for their customers.  (more…)

5 June: Status update on the suspended lending companies

05.06.2020

mintosblog

We’re sharing the third update on the suspended lending companies on Mintos. View the table for financial data and read comments on each lending company below.   (more…)

May 22: Status update on the suspended lending companies

22.05.2020

mintosblog

This our second update on the suspended lending companies. Please see the table and comments below for each of the affected lending companies. If you missed out on the previous update, you can read it on our blog (more…)

Investors received €71M net transfers from borrowers’ repayments during March and April

14.05.2020

mintosblog

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…)

May 8: Status update on the suspended lending companies

08.05.2020

mintosblog

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…)

Akulaku suspended on Primary and Secondary markets due to late payment settlement; a restructured payments schedule already in place

16.04.2020

mintosblog

In light of a recent announcement of the President of Indonesia on the possible country-wide emergency state, as well as a recommendation of the Financial Services Authority (Otoritas Jasa Keuangan) of Indonesia for banks and alternative lending companies to defer current repayments, there is a possibility that borrowers’ repayments will have to be restructured. Described in detail by the CEO of the lending company Akulaku in Indonesia, Akulaku is experiencing difficulties and hence has missed their settlement payments due on March 31 and April 7 2020, resulting in accumulated pending payments…

Statement from Akulaku on recent events in Indonesia and impact it has had on business

16.04.2020

mintosblog

Comment by CEO of Akulaku, William Li for investors on Mintos:

“Dear investors on Mintos, 

We at Akulaku in Indonesia, pride ourselves on our responsible practices and work to promote financial well-being in the SouthEast Asia area. First, we have to admit that the COVID-19 pandemic and its influence on the Indonesia economy and financial industry is really beyond our expectations.  (more…)

  1. 1
  2. 2

Search

Important

Follow us