Tag Archives: buyback guarantee

Monethera peer-to-peer crowdinvesting platform overview

Monethera, based in Tallinn, Estonia, started as a private investment fund in 2017, and as of now has become one of the leading platforms in the industry of “Finance 2.0”, which offers investors from all over the world high-level investment opportunities via crowdinvesting marketplace.

With Monethera it is very easy to become an investor. All you need is to register on the website and choose one or several investment projects online. Monethera platform makes it easy and comfortable to start investing in high- tech, energy, real estate or other projects with help of background information, situational analysis, development prospects, market overview, repayment schedules and other important data attached to each project by the Monethera team.

If you invest for the first time at Monethera don’t forget that you can get € 5 and a 0.5% cashback bonus for the investments made in the first 90 days, more details HERE.

With start of the Age of Information and growing power of crowd-investing online marketplaces such as Monethera, investing has become easy and painless. You don’t have to be a professional in financial sphere or have a significant amount of money to make profitable investments in various projects. To diversify your investment portfolio, you’ll need as much as 100 EUR as a minimum investment.

Who is eligible to invest?

Private investors can use platform and start investing without any verification, but in order to withdraw profits they have to provide documents and undergo verification process.

Monethera is more focused on European projects, that is why all the investment accounts are offered in EUR only. Payment in other currencies will undergo conversion to EUR at our bank’s rate. Please note that investors can only make payments from their own private bank accounts.

Investing

Investing at Monethera is very simple: create an account, choose one of the selected investment opportunities and the amount of money you want to invest. The entire investment process takes place online and requires just a few minutes of your time. According to established schedule, you will be receiving fixed interest payments. The minimum investment is just 1 EUR per project.

At Monethera you can create diversified investment portfolio without having to invest large amount of money. All you need is as little as 1 EUR invested in a single project to start your investment journey. Later on you will be able to reinvest your income from successful investments in other projects to make your portfolio more diversified.

The minimum funding deposit is 100 EUR.

Investors who use platforms with shared IBANs (like Transferwise and some others) must send Monethera a payment proof in order of being identified.

As of now, credit cards as a mean of adding funds to investment account are not supported by Monethera. It is also not possible to use Western Union, crypto-currency or other ways of money transfer. Monethera doesn’t accept any third party funds. All funds must come from the bank accounts of registered investors.

How does the buyback guarantee work?

The buyback guarantee means that any Monethera participant can reclaim invested money from any of his or her invested projects and instantly receive it. Cost of performing a buyback is shown in the project description.
It should be noted that in some cases the cost of buyback makes a considerable percentage of the invested assets.
All interest payments transferred to participant’s investment account prior to buyback operation remain in possession of the investor.

 

 

 

Please follow and like us:
error

IuteCredit grows on Mintos again by launching car loans from Moldova

IuteCredit has yet again expanded its presence on the Mintos p2p lending marketplace and has launched Moldova-issued car loans. This is in addition to the personal loans already offered for investment in the country by the loan originator.

IuteCredit Group commenced its operations in Moldova in 2008. It is currently one of the alternative finance market leaders in the country with a net loan portfolio of EUR 29 million as at the end of January 2019.

If you invest for the first time at Mintos don’t forget that you can get 1% cashback bonus for the investments made in the first three months (90 days), more details HERE.

What IuteCredit Moldova offers on Mintos:

  • Loans listed in EUR issued in Moldova;
  • The average car loan is EUR 4 000;
  • Net annual returns of up to up to 11% for its loans;
  • IuteCredit Moldova offers a buyback guarantee and will repurchase all loans delinquent for 60 days or more.
Please follow and like us:
error

Creditstar list their Estonia-issued loans on Mintos p2p lending marketplace

Mintos logo

Creditstar has increased the investment opportunities it offers on Mintos! Now, you can invest in personal loans issued by its Estonia-based subsidiary Monefit and earn net annual returns of up to 12% . This is in addition to Creditstar’s loans that are already available for investment issued in Poland, Spain, Czech Republic and Finland.

Established in 2013, Monefit offers its borrowers flexible revolving lines of credit, where the borrower chooses how much they need to borrow at any point in time and can manage the details through a mobile app.

Estonia-issued loans from Monefit on the marketplace will range from EUR 50 to EUR 3000 with a maturity up to 60 months. You can expect a net annual return of up to 12%.

All loans placed on Mintos by Monefit have a buyback guarantee and will be repurchased if the loan is delinquent for 60 days or more. The company will also keep 5% of each loan it places on the marketplace on its balance sheet to maintain its skin in the game. Monefit will have a group guarantee, meaning the obligations of Monefit will be guaranteed by Creditstar Group.

Creditstar Group was established in 2006 and provides consumer financial services in Europe. Creditstar is headquartered in Estonia, where the company is one of the largest providers of online credit. The company has gained the trust of more than half a million registered users in eight countries across Europe.

Creditstar Group has a strong equity position, with more than EUR 18 million in equity and EUR 85 million in assets. The company has also delivered consistent profitability every year since its inception in 2006. The aggregate net loan portfolio of Creditstar Group was EUR 78 million as of September 2018.

Creditstar Group puts a strong emphasis on responsible lending policies and high-quality customer service. The typical Creditstar customer is an active, young male, 26-35 years old, living in a small town. The company has a strict credit policy with only approximately 30% of applications accepted. Debt collection companies are involved in the recovery of non-performing loans.

Please follow and like us:
error

Estonia-based lender Placet Group is expanding its presence on Mintos marketplace

Mintos logo

Placet Group is expanding its presence on Mintos p2p lending marketplace. Because of this, investors now have the opportunity to invest in its Lithuania-based personal loans in addition to its Estonia-issued personal loans previously available on the marketplace. With this great opportunity investors can earn net annual returns of up to 9%!

Placet Group is a leading non-bank finance lender in Estonia. It started its operations more than a decade ago in 2005 and launched its first brand in Lithuania in 2011. The core values of the company include customer satisfaction that is the result of a high-quality service that is efficient and fast. Because of these values, the company has attracted over 200 000 unique customers in Lithuania.

The average Lithuania-issued personal loan from Placet Group on Mintos is around EUR 700, the total range of loans from the company on the marketplace is EUR 50 to EUR 14 500.

The repayment period ranges from 3 months up to 6 years, while 18 months is the most common repayment period. You can expect a net annual return of up to 9%.

All loans from Placet Group come with a buyback guarantee. This means, if a loan is delinquent for more than 60 days the loan originator will repurchase the loan. The company will also keep 10% skin in the game, to ensure its interests align with those of investors. Placet Group has a history of low delinquency rates. The percentage of its loan portfolio that is delinquent is around 5%.

Placet Group has disbursed around 540 000 loans in Lithuania worth EUR 70 million. At the end of 2017, its net loan portfolio in Lithuania amounted to EUR 9.5 million and the group net portfolio amounted to EUR 25 million.

Please follow and like us:
error

Lending & Finance Technologies (LF TECH) from Kazakhstan has launched on Mintos p2p marketplace

Mintos logo

Lending & Finance Technologies (LF TECH) from Kazakhstan has just launched on the Mintos peer-to-peer lending  marketplace and offers investors the opportunity to invest in its short-term consumer loans issued in Kazakhstan. The company is one of the leading short-term lenders in Kazakhstan and now lists its loans on Mintos in EUR and KZT for investment.

The company started its operations in 2012 when it opened its first branch. Since then, the group has opened 130 branches across the country, established its online product with an application review that’s less than 15 minutes, and expanded its presence in the Russian market. It aims to give its customers an individual approach, fast service and convenience when using its product. These benefits have attracted over 500 000 unique customers in Kazakhstan.

The average Kazakhstan-issued loan from LF TECH is EUR 100. The repayment period is up to 30 days and borrowers repay their loan in a single instalment. You can expect an annual net return of up to 11% for its loans listed in EUR and 18% for its KZT loans. In the future, LF TECH also plans to increase its offering on Mintos and place its car, and pawnbroking loans for investment.

All loans from LF TECH are secured with a buyback guarantee and will be repurchased if the loan is delinquent for 60 days or more. In addition, to ensure the interests of the loan originator are aligned with investors, the company will maintain 15% skin in the game.

The company is 100% equity funded, hence, maintains a very strong balance sheet position. Since 2012, it has disbursed around 1 252 000 loans in Kazakhstan worth EUR 122.3 million. At the end of September 2018, its net loan portfolio amounted to EUR 19 million. The company expects stable growth and profits for future years in its home market and Russia, as well as plans to continue its expansion in South East Asia.

Please follow and like us:
error

You can now invest in Latvia-issued loans from Creamfinance on Mintos p2p platform

Mintos logo

Creamfinance has expanded its offering on Mintos peer-to-peer lending marketplace as it has just placed Latvia-issued short-term and instalment loans for investment. Creamfinance has been ranked as the second-fastest growing company in Europe by the prestigious Inc. 5000 Europe ranking and you can invest in its loans from Latvia on the marketplace now and enjoy returns of up to 10%.

Consumer finance services provider, Creamfinance, was founded in 2012 in Latvia and has experienced consistent and fast growth ever since. The mission of Creamfinance is to make funds easily available to its borrowers. This is achieved by providing consumer loans online in a convenient and fast manner. The company utilises advanced algorithms and machine-learning capabilities to quickly evaluate and score its borrowers. Once borrowers apply for a loan, the average time it takes for the company to assess their creditworthiness is 50 seconds. In addition, it also offers a highly customised approach to its personal loan process and aims to become a one-click loan provider to consumers globally. As a result, the company has already attracted more than 93 000 customers in Latvia.

“Fintech is drastically changing our everyday lives and the business environment, especially during recent years. In addition to classic banks, the modern Fintech world includes increasingly more and sometimes much advanced financing solutions that bring together people with extra money with those who require it. We are confident that experience of Creamfinance Latvija in various countries around the world, the millions of customers and the state-of-the-art technology will provide added value and new opportunities for customers and businesses, who “meet” in Mintos platform, a business model of future available already today,” says Līga Treiliha, the CEO of Creamfinance Latvia.

On Mintos, you can invest in Creamfinance Latvia’s short-term and instalment loans listed in EUR. The average loan is EUR 350 and the repayment period is up to 14 months. You can expect a net annual return of up to 10%.

All loans from Creamfinance Latvia will come with a buyback guarantee and will be repurchased if the loan is delinquent for 60 days or more. To ensure its interests are aligned with investors on Mintos, it will also maintain 5% of each loan placed on Mintos on its balance sheet.

As of December 31, 2017, Creamfinance Group had an outstanding net loan portfolio of more than EUR 40 million and achieved an annual revenue of EUR 44 million. By the end of 2017, Creamfinance had issued total principal amounting to over EUR 400 million since 2012.

Creamfinance also announced recently that its key strategic investor – Capitec Bank – increased its involvement in the Company. The initial investment agreement was signed in March 2017, and stated that Capitec Bank would acquire a 40% stake in the Creamfinance Group for the total of EUR 21 million in three tranches. The first tranche was paid in March 2017 (EUR 6.7 million). As a result of meeting of the financial covenants agreed in 2017, Creamfinance received the next capital injections of EUR 3 million each in June 2018 and September 2018 together constituting the second tranche . The increased investment from such a major player confirms Creamfinance’s reputation as a reliable loan originator on Mintos.

Currently, Creamfinance operates in seven countries – Latvia, Poland, Czech Republic, Georgia, Denmark, Spain and Mexico and has an IT office in Austria.

To obtain exposure to Creamfinance loans, investors will be able to invest in loans issued by Mintos Finance to Creamfinance, where repayments depend on the borrower’s payments. Each loan issued by Mintos Finance to Creamfinance will be pegged to a respective loan issued by Creamfinance to the final borrower. Mintos Finance is a Mintos group company.

Please follow and like us:
error

Grupeer will launch a new type of loan – amortizing loans

Grupeer logo

Grupeer announced that today they will launch a new type of loan for investment! They will introduce amortizing loans by their trusted loan originator SIA Monify. One of Grupeer’s core competencies is diversification tools: geographical, loan type (real estate or business loans), and now loan repayment schedule.

How does it work?

Currently, the principal is returned back to the investor when the maturity date comes, and interest is calculated based on the total loan amount. The key difference of new amortizing loans is that principal repayment will take place over the loan period and interest is calculated from residual loan amount (total loan amount less principal repayments according to schedule).

Why is it good for investors?

Grupeer’s investors will be able to diversify held investment portfolio and considerably reduce credit risk. Credit risk is associated with the failure to return the principal at maturity. All Grupeer loans are protected by BuyBack guarantee- when loan originator is obliged to pay the principal and interest rate in case borrower defaults. However, there is still unlikely scenario that loan originator fails. In that case, Grupeer will facilitate the investment return by hiring a lawyer, who will represent the interest of all investors. However, this will take time and will cause inconvenience. So, with amortization loans, this risk is reduced.

The second benefit is a sooner availability of investment principal, which can be used for reinvestment. Setting up Auto-Invest function will automatically invest all money monthly received and will even further increase the return, as your money (which were sitting in the body of the loan) will be earning in the new project.

Please note, that because amortizing loans are a new product on the platform, auto-invest strategy can’t filter yet the amortizing loans vs. non-amortizing. So, if you do not wish your funds to be invested in the new type of loan, please disable the auto-invest temporarily.
Please follow and like us:
error

DoFinance peer-to-peer lending platform overview

DoFinance logo

A subsidiary of the Alfa Finance Group, DoFinance is a platform providing web P2P platform operations which, thanks to innovative financial technologies, offer easy, secure and smart way of borrowing money or investing available financial resources and earning money in a manner that offers an alternative to traditional opportunities such as conservative bank deposits or risky stock markets.

The global online lending and investment management company Alfa Finance Group was founded in 2015, when brothers Viesturs and Jānis Kuļikovskis decided to pool their knowledge and experience. Alfa Finance has a strong idea they both share – creating original and modern finance services so that anyone can become his or her own personal investor and financial director in a safe, easy and smart way.

Their business essence is consumer loans and P2P investment platform services for private individuals. In less than two years, they have successfully expanded to Poland, Georgia and Indonesia, with a total of more than 150,000 registered clients and over EUR 16 million in loans issued as financing. The Alfa Finance Group is growing all the time, and in the next few years, they plan to develop their operations in other European and Asian markets.

Who can invest?

In order to invest in DoFinance platform you must be at least 18 years old, have a valid e-mail address, valid documents (passport or identification card) and bank account within the European Union, Switzerland or any other country of the EEZ, which is not included in the lists of high risk and non-cooperative jurisdictions or is not subject of international sanctions. For complete registration you will have to provide a national identification card (scanned or photographed both sides) or passport (scanned or photographed).

Companies can also register. When registering as a company you need to select the option “Company”, need to fill in the form with the necessary information and upload the company registration certificate or extract from the company register.

DoFinance doesn’t tax accrued interest therefore investor receives full amount. In addition regarding taxes – profits earned in DoFinance are tax object and  by taking into account the legislation of the country where the investor is resident (for tax purpose perspective). Actions related with payment of taxes are on investor’s responsibility. At the end of the year we do provide account statement specifying interest received.

Loan types

DoFinance offers you the chance to invest in short-term consumer loans and recommends using one of Auto Invest plans depending on your desired return rate, term and flexibility. 

You can choose to invest in loans with a term ranging from 1 day up to 60 months.

Investing

There are 3 simple steps – register, add documents and add funds (starting from 10 euro). When you have added money in your investor’s account, you can start investing. They recommend you to use some of DoFinance Auto Invest plans. The DoFinance automation tool creates an investment portfolio based on your preferred term, amount of money and interest rate. If you use the Manual Investment option, they suggest splitting your investment up into several loans, to diversify your portfolio.

On DoFinance there are no investment limits for individual investors. But in accordance with DoFinance Anti-money Laundering procedure, investors who wil exceed 15 000 euro and 50 000 euro limits, will be asked for some additional data.

There are no fees for investing.

The Auto Invest tool is free of charge and is an easy-to-invest, easy-to-manage and automation tool for diversifying your investment portfolio. Auto Investing means that a person entrusts the distribution of the money invested and the same investment in the DoFinance system.

The BuyBack guarantee is a guarantee issued by the loan originator to the investor for a particular loan. It confirms that the loan originator will repurchase the loan from investor if repayment of that particular loan is delayed. The BuyBack guarantee is applied for all loans in DoFinance system. It starts on the first day after the end date of the investment. We call it Instant BuyBack.

Withdrawals

Withdrawals depends on your selected investment plan. With Auto Invest it’s possible to cancel all programs:

5% plan – you can receive your money 7 days after your request including accumulated interest.

7% plan – you can receive your money 30 days after your request with 5% interest or 60 days after your request including accumulated 7% interest.

9% plan – you can receive your earned interests each 30 days after investment (automatic monthly interest repayment) or principal amount 90 days after your request without interest.

If your account is less than 10 Eur, then you must transfer the entire amount at a time.

It is not possible to cancel investments that are made with the Manual Invest option.

 

Please follow and like us:
error

First loan originator from Macedonia TIGO Finance launches on Mintos

Mintos logo

TIGO Finance from Macedonia launches on Mintos peer-to-peer lending marketplace. With this addition, investors now have the chance to invest in its consumer loans from Macedonia and earn net returns of up to 10%.

TIGO Finance is a financial company that applies innovative and modern technology to offer quick and easy micro-financing solutions to individuals. The company is fully licenced and operates in accordance with the Macedonian Law on Financial Companies since December 2017 when the first loans were issued.

Although TIGO’s focus is online lending, the company has opened five branches in Macedonia, located strategically in key demographic areas. The firm plans to open further branches in the next quarter so it is more accessible to its clients.

On Mintos, TIGO is planning to offer its short-term and personal instalment loans for investment. Macedonia-issued short-term loans from the company range from EUR 35 to 325 with a maturity of up to 30 days. The company’s instalment loans have a maturity of up to 24 months and the loan amounts are up to EUR 1 000.

“TIGO finance is pleased to join the Mintos marketplace, a unique place where the movement of capital is free and efficient. Given our advanced IT infrastructure, which allows us to obtain maximum efficiency and customer focus in operations, our partnership with Mintos will strengthen our position in the Macedonian market. This will help us to get one step closer to our goal of becoming the most well-known brand in the micro-financing industry,” says Filip Dimitrovski, Country manager of TIGO Finance in Macedonia.

From January 2018 up until the end of August 2018, the total amount of issued loans by TIGO Finance has reached EUR 1.43 million, with First Payment Default (FPD) levels lower than 10%  over the same period. At the end of August, the company’s net loan book amounted to EUR 600 000. The company is continuously looking for opportunities to innovate and increase its ability to satisfy its customers’ needs and expectations.

TIGO Finance’s target market largely consists of clients who often have limited access to banking services. Borrowers can receive a loan in minutes, as the company applies an automated and flexible system to check its customers’ creditworthiness. This results in a credit pre-approval in only 30 seconds. This makes TIGO loans the fastest on the market.

Please follow and like us:
error

New Envestio project – Fish processing for export market expansion 2

Envestio logo

Envestio informed today that a new investment opportunity is available at the portal to all registered participants.

By introducing project “Fish processing for export market expansion 2″, Envestio continues successful cooperation with representative of the food industry.

The loan is fully secured by commercial pledge and personal guarantee of the main beneficiary of SENGA SIA.

As usual, you can invest any amount starting from 1 EUR. Minimum deposit to the investment account is EUR 100.

If you invest for the first time at Envestio don’t forget that you can get € 5 and a 0.5% cashback bonus for the investments made in the first nine months (270 days), more details HERE.

Investment opportunity

  • High-yielding investment in fish processing sector, financing of production of canned and smoked goods.
  • 21.5% planned annual return.
  • Investment principal buyback is available at 5% penalty rate.

Project description

The Latvian company SENGA SIA (www.senga.lv) is functioning on the market of processing of fish and other sea products since the year 1993. Raw products are processed according to EU quality standards and sold in cans or smoked on the local market as well as exported outside the country to Europe and Asia.

SENGA SIA produces a wide assortment of products that includes traditional Latvian sprats in natural oil, variety of pates, canned salmon, trout, etc. No GMO is added to the produce in order for that to comply with EU and CIS health standards. Altogether company produces 24 different types of fish products.

The company owns and uses 2 its own production facilities, which are already partially refurbished with the help of European Union financing for development (it is planned to finalize refurbishment works in second half of 2019), and currently employs more than 50 people. Overall production capacity of the company is around 1-1,3 million cans per month. 95% of the produced goods are exported to Kazakhstan, Poland, Armenia, Azerbaijan, Estonia, and other countries.

SENGA SIA is looking to attract EUR 100,000 big business development/working capital financing with the help of Envestio participants, which is necessary for lauching an additional production cycle in order to complete new orders and receive extra profits.

Market

The fish processing industry in Latvia historically has been one of the important parts of the country’s economy. Canned fish products with “Made in Latvia” mark on them are well-known for their good taste and high quality.

Prior to 2015 the main export direction for most Latvian producers of canned fish products was Russia and CIS countries. In 2015, following the change of the health standards for imported fish food products in Russia, Latvian producers started to look also to the Western direction, which resulted in entering the markets of countries like Germany, Spain, UK, and even USA and Australia. As a result, in 2017 canned fish products made in Latvia were exported to 56 countries. Total value of the exported goods in 2017 exceeded EUR 73 mln, which is a 11,6% increase in comparison to 2016.

Sample repayment schedule

Envestio participant’s investment – EUR 1 000.00
Payments:

  • 19.10.2018 – EUR 17.67
  • 19.11.2018 – EUR 18.26
  • 19.12.2018 – EUR 17.67
  • 19.01.2019 – EUR 18.26
  • 19.02.2019 – EUR 18.26
  • 19.03.2019 – EUR 1016.49

Total expected return: EUR 1 106.61

Please follow and like us:
error
error

Enjoy this blog? Please spread the word :)