New structure for investments in ID Finance loans issued in Kazakhstan

17.08.2018

mintosblog

Starting from August 31, 2018, there will be a new structure for investing in Kazakhstan-issued ID Finance loans on the Mintos marketplace. The change has been implemented due to specifics of the legislation for microfinance organisations in Kazakhstan.

How will the new process work?

To obtain exposure to ID Finance loans issued in Kazakhstan, investors will be able to invest in loans issued by Mintos Finance SIA to ID Finance’s legal entity in Kazakhstan — MFO OnlineKazFinance LLP (Solva.kz) – where repayments depend on the final borrower’s payments. Each loan issued by Mintos Finance SIA to Solva.kz…

ID Finance is increasing its presence in Kazakhstan

17.08.2018

mintosblog

A few weeks ago, ID Finance organised a conference in Almaty “The Economy of the Future: Digital Transformation of Kazakhstan’s Financial Market” dedicated to the development of the microfinance industry. The agenda included issues of the Microfinance industry development, in particular, its digitisation and security, as well as the introduction of modern solutions aimed at the interests of the end users of financial services.

At the same time, this conference was the introduction of ID Finance’s new product, instalment loans under its Solva.kz brand which have a maturity up to three years and an annual…

LO Spotlight: Interview with ID Finance

06.07.2018

mintosblog

ID Finance is a fast-growing data science, credit scoring and digital finance provider that is pioneering fintech innovation in emerging markets. The company is now the largest online lender in Russia and it also operates in Kazakhstan, Georgia, Poland, Spain and Brazil. Currently, the company is planning to boost its presence in Latin America with a launch in Colombia planned for 2018.

The CEO of ID Finance, Boris Batine, and the CFO of ID Finance Kazakhstan, Alexander Pak, took the time to chat with Mintos about their future plans for the company and…

Investments into ID Finance’s Kazakhstan-issued loans gain 10 % yield in one and a half months

21.06.2018

mintosblog

Investors who used Mintos to invest in the loans of ID Finance Kazakhstan, denominated in Kazakhstani tenge, received returns in EUR terms 7.2% above the declared rate due to appreciation of the Kazakhstan tenge (KZT) against the Euro (EUR). Moreover, investors received a 17% annual interest as investment earnings – one of the highest rates on Mintos. This return rate is normally 10.5% for investments in EUR.

ID Finance Kazakhstan has been working with Mintos since April 12, 2018. In one and a half months, the exchange rate of KZT against the EUR has increased by…

Answers to the questions from ID Finance’s webinar are here!

25.05.2018

mintosblog

On April 24, 2018, ID Finance joined Mintos for a live webinar to discuss the company’s latest financials and the investment opportunities in Kazakhstan. After the presentation, investors were able to ask questions of the two speakers – the CEO of ID Finance, Boris Batine and the CFO of ID Finance Kazakhstan, Alexander Pak. Due to time constraints, some of the questions were left unanswered during the webinar, however, you can now read the answers from ID Finance below:

Are the loans on Mintos secured (by real assets) or are they unsecured loans? 

ID Finance…

Watch our latest webinar with ID Finance

26.04.2018

mintosblog

Did you miss our latest webinar with ID Finance? On Tuesday, April 24, Mintos hosted a live webinar with ID Finance, which recently added Kazakhstan-issued loans for investment on the marketplace. ID Finance is a fast-growing data science, credit scoring and digital finance provider and the CEO and co-founder of ID Finance, Boris Batine, and the CFO of ID Finance Kazakhstan, Alexander Pak, revealed the group’s latest financials as well as discussed the potential of the alternative finance market in Kazakhstan.

We were also happy to announce that investing in loans listed…

Join our latest webinar with ID Finance!

18.04.2018

mintosblog

We would like to invite you to our upcoming webinar with ID Finance. ID Finance is fast-growing data science, credit scoring and digital finance provider and has recently launched new investment opportunities from Kazakhstan on the marketplace.

Date and time: Tuesday, April 24, 19:00 (GMT +3)

(17:00 London time; 18:00 Berlin time; 19:00 Riga time)

Duration: 45 minutes

Participants:

– Boris Batine, co-founder and CEO at ID Finance

– Alexander Pak, CFO at ID Finance Kazakhstan

The webinar will be moderated by Celeste Skinner, Content Marketing Manager…

ID Finance now offers loans for investment from Kazakhstan

12.04.2018

mintosblog

ID Finance now offers even more investment opportunities on Mintos by launching its Kazakhstan-issued personal loans listed in Euro (EUR) and Kazakhstani tenge (KZT) on the marketplace under its Solva brand. This is in addition to the loans already available for investment from Georgia and Spain.

Solva Kazakhstan specialises in issuing personal online loans to individuals and small and micro-entrepreneurs. The company offers borrowers fast access to funds, an online application can be made in less than eight minutes and borrowers receive a decision instantly. Since its establishment in 2016, it has funded more than 6…

ID Finance raises $8.5m via exchange-traded bonds to support growth

18.12.2017

mintosblog

ID Finance now offers Georgia-issued loans for investment in EUR

08.12.2017

mintosblog

ID Finance now offers its Georgia-issued personal loans on Mintos for investment in euro (EUR). These loans are the same as the Georgia-issued loans already on the marketplace from ID Finance listed in Georgian lari (GEL) – but in EUR for your convenience.

“Georgia is a country with great business opportunities. It has about four million people and promises serious growth of the fintech industry in the next few years. With this move, we have removed the currency risk for EUR investors. The five-fold growth of ID Finance’s revenue from the beginning…

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