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On 24 March 2020, the Board of the Central Bank of the Republic of Armenia (CBA) published a revocation of license for the lending company United Credit Joint Stock Company, which operates under the brand name Varks. Varks, as a part of the Finko group, is represented as Finko AM on the Mintos marketplace. (more…)
Today, we are pleased to announce some good news for all Mintos investors – Armenian Loan originator Varks, that is part of Finko group (with “B+” Mintos Rating), is now offering you the chance to earn a 2% bonus with Forward Flow. (more…)
We’re happy to announce Finko Armenia (Varks) as the first lending company to offer Forward Flow on Mintos.
Forward Flow is a new and unique product in the crowdlending market. A Forward Flow represents a commitment to invest in a set of pre-agreed underlying loans, at a predetermined rate for a set period of time. For the duration of the Forward Flow, investors receive weekly interest payments based on the performance of these underlying loans. (more…)
Finko, a global finance company, has decided to bring all its brands across different markets under one group brand. Finko’s brands on Mintos are operating in Armenia, Moldova, Ukraine, Russia, and Georgia. (more…)
Varks.am shareholders have decided to increase the registered share capital of Varks.am from AMD 455 to AMD 600 million (the equivalent of approximately EUR 1 million). The increase of share capital will result in larger equity and raise the financial stability of the company. Share capital changes will be registered in the following weeks. (more…)
The first loan originator from Armenia has just joined Mintos! Varks.am is one of the leading alternative lending companies in the country and now offers short-term consumer loans for investment on the Mintos marketplace. Loans from Varks.am are listed in euro (EUR) with expected returns of 13%. (more…)