First loan originator from China joins Mintos marketplace

23.05.2017

mintosblog

Mintos welcomes a new loan originator from China! PangMaoBao will offer investors to invest in invoice-financing loans. PangMaoBao is a part of Zhaogang group, the biggest e-commerce platform in China connecting steel makers and buyers. PangMaoBao provides supply chain financing against outstanding invoices to well-known companies such as Amazon, Disney, DHL, Siemens and others.

The average loan that PangMaoBao will place on the Mintos marketplace will have a repayment period of 30 to 90 days. The loan originator will initially offer investment opportunities in EUR and USD.

It is expected that the average annual net return to investors will…