Ukrainian investment opportunities have grown on Mintos with the launch of SOS CREDIT

09.08.2019

mintosblog

We have seen how much our investors have enjoyed investment opportunities from Ukraine, so we are pleased to let you know that these opportunities have grown on the marketplace, with the launch of SOS CREDIT consumer loans.

Established in 2015, SOS CREDIT is lead by an international team with experience across the finance, payments and marketing industries. The company has managed to attract a large customer base of around 55 thousand borrowers, with a growing repeated customer base of more than 28 thousand and more than 3.5 thousand new customers joining each month. 

Each month SOS CREDIT issues more than 14.5 thousand loans. The company is able to issue such a high volume because of their machine-learning scoring algorithms, which allow it to check the creditworthiness of a borrower in 5.15 seconds, with manual verifications taking less than 20 minutes.

Since its inception until the 30th of April this year, the loan originator has distributed around 160,000 loans. As of June this year, the total originated loans was worth EUR 13.5 million. SOS CREDIT has a net loan portfolio of EUR 1.2 million.

SOS CREDIT is joining Mintos to fund their loan issuance to support future growth, be more transparent to investors and give them the opportunity to invest in the fast-growing short term loan market in Ukraine, the company said.

SOS CREDIT investment opportunities on the marketplace

The average Ukraine-issued consumer loans from SOS CREDIT on Mintos is EUR 93, with an average term of 22 days. You can expect up to 13% offered rate per annum.

All SOS CREDIT loans will be secured with a buyback guarantee. This means, should they become delinquent for 60 days or more, the loan originator will repurchase them from investors. 

In 2018, SOS CREDIT achieved a revenue of EUR 2.2 million. When comparing this figure to the previous year, it is higher by 4.8  times, up from EUR 460 thousand in 2017. The company also managed to achieve EUR 288 thousand EBITDA, in controversion of EUR 287 thousand loss the company reported in 2017. 

Investment structure for SOS CREDIT

Taking into consideration the legal requirements and investors’ interests, investors will be able to obtain exposure to SOS Credit loans by investing in loans issued by Mintos Finance SIA, Mintos Group company, to SOS Credit Holding B.V., an SOS Credit group company.

The repayment of each loan issued by Mintos Finance to SOS Credit Holding B.V. will be pegged to the repayment of a respective loan issued by SOS Credit Holding B.V. to SOS Credit and this loan will be pegged to the repayment of the respective loan issued by SOS Credit to the borrower. Mintos Finance loans will be directly secured by a pledge on claims arising from SOS Credit loans issued to borrowers.

By investing in SOS CREDIT loans, you have the opportunity to diversify your investment portfolio as well as invest in Ukraine’s short term loan market. If you use Auto Invest and want to invest, be sure to update your settings!