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…)

Cashwagon Philippines and Indonesia loans suspended from the Primary and Secondary Markets

10.06.2020

mintosblog

While Cashwagon so far is regularly forwarding borrower repayments from Philippines and Indonesia, the situation in Vietnam is affecting all of the Cashwagon group, and it has become unable to honor the buyback guarantee on its loans. Consequently, we have made a decision to suspend loans originated by Cashwagon’s partners Green Money Tree Lending Corp. Philippines and PEERMAN PTE. LTD. Indonesia from the Primary and Secondary Markets on Mintos until further notice. (more…)

Comment from Maxim Chernuschenko, CEO of Cashwagon, on the suspension

10.06.2020

mintosblog

Dear Mintos Investors!

We would like to issue the following statement regarding the recent media publications related to Cashwagon Co. Ltd. (“Cashwagon Vietnam” or the “Company”) being spread and discussed on social media and various forums among the Investor community: (more…)

Cashwagon Vietnam loans suspended from Mintos Primary and Secondary Markets

06.06.2020

mintosblog

Due to an investigation on the company Cashwagon, a decision has been made to suspend the loans originated in Vietnam on Mintos Primary and Secondary Markets. The suspension is effective immediately until further notice. (more…)

We’re updating our lending company pages

15.05.2020

mintosblog

Twice a year, we ask all lending companies on Mintos to update their financials, loan agreement, team size, loan portfolio, loans originated, and other information that isn’t updated automatically on Mintos.  (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…)

Cashwagon: Update on the current situation in Vietnam

01.04.2020

mintosblog

Despite its proximity to China, where the coronavirus has originated, SE Asia has been less affected than many European countries. As at 31st of March, there were just a bit over 3000 reported cases in Indonesia, Vietnam, and the Philippines combined.  (more…)

WITH UPDATES: Announcements of the lending companies for investors and clients

30.03.2020

mintosblog

We are in close contact with the lending companies on Mintos. As the effects of the COVID-19 pandemic continue influencing businesses and people globally, companies are working to modify, adjust and put in place different solutions that will ease the effects of the pandemic. 

Many companies are sharing announcements for their clients and investors, and we will be adding these announcements here, with updates over the next days.

(more…)

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