Tag Archives: buyback guarantee

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

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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.

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

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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.

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

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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.

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

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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.

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Grupeer will launch a new type of loan – amortizing loans

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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.
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DoFinance peer-to-peer lending platform overview

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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.

 

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First loan originator from Macedonia TIGO Finance launches on Mintos

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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.

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New Envestio project – Fish processing for export market expansion 2

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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

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US private equity-backed loan originator from Romania joins Mintos p2p marketplace

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The Mintos marketplace just got bigger as Credius now offers personal loans for investment in Romania. Credius is one of the five largest alternative lenders in Romania and it is backed by a private equity group from the United States, and you can invest in its personal loans listed in EUR now!

Credius is part of the American investment group of private equity funds New Century Holdings (“NCH”). NCH manages approximately USD 3 billion of capital through a network of nine offices in Eastern Europe, Russia and Brazil. NCH has been active on the Romanian market since 1994, particularly in such industries as real estate and finance & banking services.

“Romania, the leader of GDP growth in the European Union in 2017, is experiencing a transition from an offline to an online economy. Credius is both taking advantage of this opportunity and is one of the most important drivers of this transition”, says Andrey Buzgan, Credius CEO.

Credius is a lending company focused on the segment of instalment loans to individuals. The average Romania-issued loan on Mintos from Credius is EUR 750 with a repayment period of 12 to 24 months. You can expect a net annual return of up to 9.5%.

To align its interests with those of investors, Credius will retain 10% of each loan placed on Mintos on its balance sheet. All Romania-issued loans from Credius come with a buyback guarantee and Credius will undertake the obligations of repurchasing delinquent loans.

Credius started its operations in Romania in 2013. It is currently in the top five alternative finance market leaders in the country when comparing the number of customers, monthly volumes of new loan origination, and the size of its loan portfolio. Credius is a leading market player both with its innovative online technologies and in terms of sales volumes. Its branch network is one of the largest in Romania with more than 80 offices. The company’s activities are regulated by the National Bank of Romania.

Since its inception, Credius has issued 53 000 loans worth more than EUR 33 million. The company maintains a very strong balance sheet with no external debt on its books. In 2017 the company reached EUR 19 million in revenues and EUR 2 million in net profit. As of the end of June 2018, its loan portfolio of EUR 9.5 million had been financed exclusively by its shareholders through the injection of equity capital and subordinated loan as well as through the reinvestment of internally generated cash flows. Historically, the average part of its non-performing loan portfolio being overdue more than 60 days has been around 10%.

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

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New Envestio project – Urban mining tier 7

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

By introducing the project Urban mining tier 7, Envestio continues to expand successful cooperation with the representatives of the environmental-friendly recycling industry.

This investment project is available on exclusive conditions, ensuring higher return than other DAGRE projects. At the same time, it is also classified as secured debt limiting the project-related risks.

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 into technology sector, financing of working capital of recycling plant.
  • Secured debt, 21% planned annual return.
  • Investment principal buyback is available at 5% penalty rate.

Project description

DAGRE is an international company with successful experience in the sphere of recycling of technological raw materials that contain different precious metals such as silver, gold, platinum, etc. DAGRE’s production capacities provide full cycle of processing the raw materials, from initial expertise in the lab to grinding it using special automated machinery and equipment. Employed innovative technological process ensures preservation of 98% of the initial amount of precious metals, contained in the raw materials. Production complex consists of following segments:

  • Storage of Raw materials
  • Manual and mechanical disassembly workshop
  • Enrichment workshop
  • Storage of ready produce.

DAGRE is capable of processing extremely wide range of raw materials, which provides the company with additional competitive advantage on the market. Obsolete home electronics, computer hardware, written-off equipment and machinery from plants and factories, even details from old trains and military objects – all this can be utilized. Current company facilities allow recycling of more than 2000 tons of aforementioned raw materials per year, and turning them into enriched “concentrate” with high saturation of precious metals ready for further sale.

The enriched “concentrate” is purchased by special factories, which recycle it further, into pure non-ferrous metals, such as Aurubis GmbH factory in Hamburg, Germany that is currently the main buyer of DAGRE’s product. DAGRE and Aurubis GmbH have concluded a long-term cooperation contract.

DAGRE is receiving raw materials from wide variety of suppliers in the Eastern European region, which is still far behind the rest of the Europe in terms of percentage of obsolete equipment going through proper utilization process. In combination with efficient and transparent logistics processes it makes economies of scale possible.

Market

DAGRE is one of few companies in the region that has direct access to Russian market of necessary raw materials. Russian recycling market is noticeably underdeveloped in comparison with Western markets, therefore, supply of raw materials is limited only by the production capacities of processing company and money it can invest into the process. At the same time, entrance to this market is very complicated due to big amount of different formalities and strict customs procedures, which must be observed. Here DAGRE enjoys a noticeable competitive advantage, as it already has all the necessary legal and operational expertise is this sphere.

Sample repayment schedule

Envestio participant’s investment – EUR 1 000.00
Payments:

  • 05.10.2018 – EUR 18.08
  • 05.11.2018 – EUR 18.68
  • 05.12.2018 – EUR 18.08
  • 05.01.2019 – EUR 1 018.68

Total expected return: EUR 1 073.52

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