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Updated: Pending payments – average days and percentage of outstanding investments by lending company as of 3 July
Having lived more than a month in turbulent and highly dynamic market conditions, with many countries under a state of emergency, lending companies on Mintos are now sharing their financial results of 2019 and the first quarter of 2020, together with comments on how the situation has evolved during the last month. This blog post is a follow-up of the earlier announcements by the lending companies. (more…)
Mogo will expand its offering of loans without buyback guarantee and change investment structure for new Moldova-issued loans
Starting from 10 June 2020, all new loans placed by Mogo Moldova on Mintos will be with a changed, direct investment structure. While part of the newly placed loans will have a buyback guarantee, Mogo also follows up on the previously announced offering of loans without buyback guarantee and potentially higher yields in Georgia and other countries. Having seen demand for such loans from investors on Mintos, Mogo will continue the offering of loans without buyback guarantee also with new Moldova-issued loans. Read more
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…)
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…)
Mogo Finance reports strong financial results and shares a recording of their earnings call (updated with Q&A)
This week, the biggest secured lender on Mintos and leading international car loans based finance provider Mogo Finance has published its 2020 Q1 results. Company achieved yet another quarter of strong profitability growth in terms of EBITDA despite unprecedented headwinds of global COVID-19 pandemic. Below you can find Mogo key operational and financial highlights: (more…)
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.
Mogo Group launches loans from yet another country on Mintos – Kazakhstan. Mogo Kazakhstan offers a great opportunity to earn annual returns of up to 12% for its loans listed in euro (EUR) and up to 18% for its loans listed in tenge (KZT). (more…)
Mogo Finance, a global used-car loan provider and one of the biggest loan originators on Mintos, ended 2019 with consolidated revenues of €76.7 million and a profit of €6.2 million. Compared to 2018, the company saw revenue growth of 41% while its profit grew by 35%. (more…)
Mogo now extends the offer by adding loans at higher interest rate without buyback guarantee and introducing risk categories
Mogo Group, one of the largest used-car financing companies in Europe, extends its offering on Mintos once again by adding a new higher-yielding investment product to the platform. Mogo loans without the buyback guarantee are available again on the marketplace. Moreover, you can now tailor your investments according to loan risk categories which are based on loan originators’ unique internal scoring models. (more…)