We would like to inform you that we have introduced additional security measures for investments in Hipocredit-issued loans made in accordance with new Mintos policies (read more about these new policies here). These new security measures have been introduced to give investors additional protection against Hipocredit insolvency or default on their obligations.
What type of security measures are being introduced?
We would like to inform you that there is a new structure for investing in Hipocredit loans. Hipocredit has extended its license for providing consumer credit services in Latvia for an indefinite period of time. The new structure takes into account limitations imposed by the license.
How will the new process work?
To obtain exposure to Hipocredit loans, investors will be able to invest in loans issued by Mintos Finance to Hipocredit where repayments depend on the borrower’s payments. Each loan issued by Mintos Finance to Hipocredit will be pegged to a respective loan issued by Hipocredit to the final…