Tag Archives: EUR

Mogo has just launched its Georgia-issued secured car loans on Mintos p2p lending marketplace

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Mogo is now offering investors even more investment opportunities on the marketplace, as Mogo Georgia has just launched on Mintos. Mogo is the largest non-bank car loan provider in the Baltic region, and Mogo Georgia is a market leader for non-bank car loans in Georgia. Investors can now invest in its Georgia-issued secured car loans listed in Euro (EUR) and Georgian lari (GEL) on the marketplace.

Established in 2012, Mogo’s business model is based on its fast customer service and open communication. As a result, the company has more than 40 000 clients worldwide. Headquartered in Latvia, it also has operations in Albania, Armenia, Bulgaria, Estonia, Georgia, Lithuania, Moldova, Poland and Romania.

The average Georgia-issued car loan from Mogo is around EUR 1 500 and GEL 4 500, with a typical repayment period of 33 months. Investors can expect an annual net return of up to 14% for its loans listed in EUR loans and up to 18% for its GEL loans.

To maintain its skin in the game, Mogo will keep 5% of each loan. All Georgia-issued loans from the company are secured with a buyback guarantee and will be repurchased if a loan is delinquent for 60 days or more.

Mogo Georgia was founded in June 2014 and has since issued 35 781 loans worth more than EUR 55.7 million. The company offers residents of Georgia car loans with repayment periods up to 72 months and allows borrowers to receive their loan on the same day of their application.

The typical borrower from Mogo Georgia is a male who is 32 years of age. He has a regular income and is approaching Mogo because he wants a simple, fast and hassle-free service. Whilst a bank is the cheaper option to receive a loan in Georgia, they also require many documents and there can be a lengthy waiting time to receive the funds. Banks also try to avoid supplying financing for used cars and only disburse these loans for their long-term clients. Therefore, Mogo is the fastest way to buy a car with minimal down-payment, as well as receive a loan quickly by using your car as collateral.

Mogo launched on Mintos in 2015 and so far around EUR 132 million has been invested in its loans on the marketplace. In addition to the Georgia-issued loans, Mogo also offers you the opportunity to invest in its loans from Bulgaria, Estonia, Latvia, Lithuania, Poland and Romania, as well as unsecured personal loans from Latvia, on Mintos. These investment opportunities are now available in four currencies – EUR, British pound (GBP), GEL and Polish zloty (PLN).

Envestio peer-to-peer crowdinvesting platform overview

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Envestio logo

 

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.

 

Started as a private investment fund, now Envestio is a modern crowdinvesting platform, which offers new ways of making investments in traditional and innovative investment projects. Envestio offers investors premium level investment opportunities, which were carefully chosen from many applications and thoroughly studied by Envestio analytical team. Entrepreneurs from different industries can apply for structured financing at Envestio platform and quickly receive it from the pool of registered private investors. Envestio takes care of the transparent full-cycled fundraising process, and ensures honest and unbiased information exchange between all participants of every investment project.
In the Age of Internet crowdfunding concept swiftly became popular as an alternative way of finding necessary financing for different projects. Unlike the traditional bank financing, crowdfunding is highly decentralized concept, where many investors are participating in each project with investments of small or moderate size. Crowdfunding is being used to finance project of different size and nature, such as commercial ventures, cultural and charity events, scientific research, development of new products, etc. In many cases, people, contributing to a crowdfunding project are not expecting a monetary return, especially in case of funding cultural or charity project, or the return is clearly symbolic, like “thank you” booklet or CD.

Since its establishment in 2014, Envestio has been investing funds in three industries: real estate, energy, cryptomining. A new step into other business area was made in the end of 2017. As of April 28, 2018 an innovative business of cryptocurrency mining constitutes the biggest portion of Envestio’s historical portfolio with 42% of total funds invested, followed by energy sector with 27%, and real estate projects with 27%. 3% were invested in other industries.
As of April 30, 2018 Envestio has successfully conducted and exited 20 investment projects, by fully receiving back principal and interest from our cooperation partners. The total sum of provided capital exceeds EUR 6,3M, while accumulated income from interest exceeds EUR 1,7M level.

What type of investments can be made?

– Crowdinvesting
Crowdinvesting is somewhat more specific than ordinary crowdfunding as it is related to funding business ventures, newly established or already existing companies with a straightforward purpose of earning interest on invested funds. Certain number of investors join a pool to complete the announced need of a project or company for specific type of funding. Profits or revenues are distributed to them according to previously approved schedule and proportionally to the share invested by each investor. Most crowdinvesting platforms allow their participants to start investing from very fairly small amounts, such as 50 or 100 EUR. Ordinary people received a great alternative to traditional bank deposits, which are noticeably less flexible and profitable than investments made through crowdfunding platforms.
– Bridge investing
Bridge financing is an interim financing option used by companies and other entities to solidify their short-term position until a long-term financing option can be arranged. Bridge financing normally comes from an investment bank or venture capital firm in the form of a loan or equity investment. This type of financing only occurs when a company’s runway is shorter than its future financing options, and it needs to remain solvent in order to obtain such long-term financing.

Who is eligible to invest?

All adults may become investors at Envestio. With the minimum investment amount of only 100 EUR, the idea behind Envestio is that everyone should be able to participate in different innovative and traditional investment projects.
It is free to register at Envestio and start investing using the platform.
Investors do not pay any fees for their investment at Envestio either. Therefore, the entire payment is used for the investment with no deductions.
In some specific cases there are one-off fees, associated with international bank transfers.

In what currencies can investments be made?

Investment accounts of Envestio participants are maintained in EUR, and money payouts to Envestio participants are done in EUR as well. Currently there is no blockchain/token technology used behind Envestio operations. Envestio does not convert invested funds into any kind of crypto-currency.
At the moment, Envestio is not accepting credit cards as a mean of adding funds to Envestio investment account. This possibility is still being analyzed in order to comply with AML legislation and be economically viable for Envestio business. Also, it is not possible to add funds by Western Union, crypto-currency, or any kind of electronic money transfer. Envestio portal accepts only safe bank transfers, done by Envestio participants from their private bank accounts.

Investing

You do not need much capital to invest successfully, you can also create your own diversified investment portfolio at Envestio step by step. Indeed, you can start with small investments from 100 EUR in single project and expand your portfolio over time, you can reinvest profits from successful investments in new projects, etc. As a result, your portfolio will become broadly diversified over time.
Investing at Envestio is straightforward: You choose one of the premium investment opportunities in which you want to invest and decide how much money to invest. The entire investment process takes place online and requires just a few minutes of your time. In return for your investment, you will receive fixed interest payments according to established schedule. The minimum investment is just 100 EUR.
Envestio has already pre-analysed all investment opportunities offered on the platform. In fact, only very small % of companies applying for a financing round on Envestio are accepted and presented further to Envestio participants.
Investments done through Envestio are not just interesting and high-profitable; those are also a way of supporting entrepreneurship and innovation in the region. Many company founders, discoverers, and visionaries often had troubles to find people among traditional investors, who shared their vision and recognized opportunities and potential of their business ideas.
Investors at Envestio are different from that. They share the ideas and see in reality that small things can eventually morph in something big and successful. Envestio participants help new ideas and economic progress, they support innovation and creation of jobs, making a positive contribution to society while earning high profits. It is the best example of win-win situation.
Envestio business model includes cooperation with investment project owners in the field of providing bridge financing/temporary equity replacement for their business projects. Funds, gathered via Envestio portal, constitute a certain share of total financing that is attracted to specific project, besides traditional funding from banks etc. Respectively, the weighted average cost of capital (WACC) for these projects is much lower than interest rate, payable to Envestio participants.
Making investments in premium investment projects at Envestio offers great opportunities, but these investments still are risky as any other. In the worst case, the entire investment, including principal and interest amount may be lost. At the same time, Envestio participants are under no obligation to continue funding the problematic project.
Envestio participants can minimize the risk by diversifying their investment portfolio. Professional investors often follow this strategy because it causes the risk to be distributed among several investments. In this way, successful investments with high return can balance out other less successful investments.
Envestio currently is offering investment projects with yearly interest rate from 12% up to 22%, depending on length and risk category of the project.
Financing of cryptomining hardware industry is considered most risky investment with the highest return, while real estate industry has the lowest risk category and moderate interest rates.
All interest payments already transferred to the Envestio participant’s investment account according to the project’s schedule remain in possession of the investor. Interest that is accrued, but not yet received, is written-off at the moment of confirming the buyback.

How does the buyback guarantee work?

Envestio buyback guarantee means that any Envestio participant at any moment can sell an investment from his or her investment portfolio back to Envestio and instantly receive invested money back his or her investment account. Since the funds, gathered via Envestio portal, constitute a certain share of total financing that is attracted to specific project, besides traditional funding from banks, Envestio is sufficiently capitalized to execute any buyback immediately.
Cost of performing buyback is calculated and shown to Envestio participant in Envestio personal area.
Please note that in some cases cost of buyback can account to substantial percentage of invested amount.

Upcoming platform improvements and new planned events

– Soon the webpage will be available in 6 languages, including Spanish, Italian, Estonian, and Russian besides already existing German and English
– Auto-invest function will be added within June-July 2018
– Secondary market for investments is going to be introduced after auto-invest is in place
– Mobile app for iOS and Android will appear within 1-1,5 months (July-August 2018)
– Around 10 new investment projects are being prepared for presentation at the platform

Grupeer peer-to-peer lending marketplace overview

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Grupeer platform is an electronic trading place that provides an opportunity to invest your free funds in secured loans. The services offered by the Platform are the servicing of claim right acquisition deals, i.e. the Platform brings together two independent participants of the deal – the  seller of the claim rights (credit company or investment company) and their buyer.

Grupeer Platform operates in the jurisdiction of the Republic of Latvia.

In Latvia, no unified normative regulation of mutual loans or financing with a pool is developed, therefore the services of the Platform are not subject to control of a single normative act, but are subject to a set of laws and regulations of the Republic of Latvia and directives of the European Union.

The Civil Law of the Republic of Latvia does not prohibit the holder of a debt claim from selling a part of it to another person. Moreover, the holder of the debt claim has the right not only to sell the entire debt claim in the whole, but also to assign/sell a part of it.

The Platform does not carry out activities falling under the definition of a credit institution or payment system in terms of Latvian and European legislation.

Who is eligible to invest?

Both private investors and legal entities that wish to receive passive income from their investments will be able to achieve annual profits of up to 15%.

In accordance with AML (Anti Money Laundering) legal requirements Grupeer accept money transfers from accounts opened with licensed credit institutions in the countries of the European Economic Area (all EU Member States, Norway, Iceland and Liechtenstein), as well as Switzerland. Accordingly, citizens / residents of these countries can register and make investments through the Grupeer Platform. In order to register and close deals, you need to be an adult capable person with a bank account.

The credit company, which issued a certain loan, remains interested in repayment and payment schedule compliance because this organization is the holder of the main debt claim.

Each registered Platform user can see all the information on a particular loan: the amount and purpose of the loan, the availability of collateral, the maturity date and the payment schedule. You independently analyze the information and decide how to direct your capital investment.

For example, you can repurchase the whole loan from the chosen creditor or only a certain part of it. All the time while payments on this loan are received the investor receives his profit, which is proportional to his investment share. At the same time, you can distribute your capital between several credit organizations – to invest in various types of loans, in different countries and for different borrowers.

In what currencies can investments be made?

The Platform makes settlements in euros (EUR). If the base currency of your current account is another currency, then before making a payment, you need to convert it into euro. In case of receiving funds in another currency, the Platform is entitled to return such a payment, retaining the commission in accordance with the bank’s tariffs, or convert them into euros at the current exchange rate of its bank.

How can funds be transfered?

The only possible means of payment at the moment is bank transfer. This is due to AML (Anti Money Laundering) legislation requirements. Grupeer accept money transfers from accounts opened with licensed credit institutions of the countries of the European Economic Area (all EU Member States, Norway, Iceland and Liechtenstein), as well as Switzerland. For security purposes, withdrawal of funds is possible only to a confirmed bank account, i.e. the account which you transferred funds from to Platform bank account and which your user identification number is associated with.

Investing

Grupeer Platform provides an opportunity to invest in loans issued by credit market professionals – credit institutions and investment funds. For all loans, the borrower’s solvency has been assessed, and appropriate scoring and compliance procedures have been carried out.

A Platform user acquires a claim right to the borrower, thereby becoming a joint claim right holder. The credit company by means of such deals refinances a part of its loan portfolio, getting resources for further development.

The credit institution continues to administrate the loan, including receiving borrower’s payments, while paying to the investors their joint share in accordance with the amount of their claim right the borrower they acquired.

On the Platform two types of loans are offered: loans issued by credit institutions to individuals, and loans issued to enterprises. The loans, related to development projects, issued to companies specializing in real estate development projects, stand as a separate category. In all cases, despite the sale of part of the claim right (the so-called “investment in a loan”), the credit company remains the holder of the main debt claim, thus it is interested in following the payment schedule and repaying the loan by the borrower.

For each loan offered on the Platform, specific information is provided, including the purpose and amount of the loan, maturity date, type of payment schedule and availability of collateral. The user independently evaluates and decides which loan to invest in.

Investments in development objects offered by Grupeer Platform are also executed through already issued loans, by means of acquiring a claim right, and from legal point of view they do not differ from investing in other loans. A classic example is the situation when a loan issued to developer for acquiring a land plot (bringing communications, developing a technical project, etc.) is refinanced in this manner. In practice, these loans have the nature of interim financing (so-called bridge loans), with a 1-2-year term – usually this period is required to complete the “zero cycle” of construction, after which the object, having at this stage a much higher market value, is refinanced by the bank and partly – by real estate buyers through pre-sales in case of a residential project. Such a model is typical for many EU countries, for example, Germany.

To begin work on the Platform, you need to transfer an amount which is not less than the minimum investment amount (10 euros).

At the moment, the limit of incoming payments from a registered Grupeer user to Platform bank account is 50,000 euros per month. If you wish to invest a larger amount, you will need to provide the bank with additional information.

 

 

Alfakredyt has launched on Mintos p2p lending marketplace and offers investment opportunities from Poland

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There are now more investment opportunities in Euro (EUR) and Polish zloty (PLN) on Mintos! Alfakredyt has just launched on the marketplace and offers you the opportunity to invest in its short-term Poland-issued loans and earn net annual returns of up to 11%.

Alfakredyt was established in 2013 in Poland and since its inception around 150 000 loans have been disbursed worth EUR 55.5 million. The company offers loans up to PLN 4 000 (around EUR 900) and it prides itself on its fast service – borrowers can receive funds in their account within 15 minutes once their application has been accepted. The company’s fast product and high-quality customer service have attracted more than 43 500 customers since its inception. 89% of the company’s currently active borrowers are repeat borrowers.

“We are pleased to join Mintos because it has a vast investor database, impeccable reputation and transparent methods of cooperation. We believe this will help us to increase the volume of disbursed loans and better serve our borrowers, whilst also offer investors on Mintos the opportunity to invest in loans listed in PLN and diversify their loan portfolios,” says Aleksejs Gromovs, Member of the Board at Alfakredyt.

On Mintos, the average Poland-issued loan from Alfakredyt available for investment is around EUR 400 and PLN 1 800 with a maturity of up to 30 days. You can expect net annual returns of up to 11% for all of Alfakredyt’s loans. All loans from the company will come with the buyback guarantee, and additionally, it will maintain 10% skin in the game to ensure its interests are aligned with those of investors.

Alfakredyt has an effective CRM system which has allowed the company to make nearly 80% of the business completely automated, and other processes semi-automated. This means there is less room for mistakes and allows it to run efficiently and cost-effectively. The company has also developed an automated scoring system, which is based on several factors – databases, in-depth automatic analysis based on historical data (similar to Big data) and personal experience of management. All of this combined means borrowers can get access to funds incredibly quickly and allows Alfakredyt to make the best decision when approving a loan.

As of December 31, 2017, Alfakredyt had a net profit of almost EUR 188 000 and a net revenue of more than EUR 3.1 million. Currently, the company has a net loan portfolio of EUR 4.14 million.

Russian lender Dozarplati has joined Mintos p2p lending marketplace

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Mintos has launched a new loan originator from Russia! Dozarplati is one of the largest loan originators in the North-West region of Russia and investors now have the opportunity to invest in its short-term and instalment loans listed in Euro (EUR) and Russian rubles (RUB).

Dozarplati was established in 2011 in Russia and it has more than 100 offices across 14 cities in the country. The company aims to fill the gap between paydays for its customers by offering short-term loans. Dozarplati’s main goal is flexibility for its customers, that’s why it offers its services through its many branches, mobile app and also allows borrowers to take out a loan 24/7 online and on holidays. Dozarplati issues loans to borrowers above the age of 18 and they can receive the funds within 15 minutes. Since its inception, the total loans originated for Dozarplati has reached USD 30 million. The company’s net loan portfolio is USD 4 million, and it has sustained an impressive 48% equity ratio.

The company is included in the State Register of Microfinance Organisations of the Central Bank of Russia and all of its activities are regulated by the Central Bank. All loans issued by the company comply with the laws of the Russian Federation.

The average Russia-issued loan from Dozarplati is EUR 200 with a maturity of up to 12 months. You can expect an annual net return of up to 11% for its loans listed in EUR and 17.5% for its RUB loans. In the future, Dozarplati also plans to increase its offering on Mintos and place its business loans for investment.

All loans from Dozarplati 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 the investors, the company will maintain 10% skin in the game.

ViaInvest peer-to-peer lending marketplace overview

By Peer-to-Peer Lending, , , , , , ,

VIAINVEST is a peer-to-peer marketplace for private lenders to invest into loans originating from non-banking lenders – the VIA SMS Group and its daughter companies. Portfolios of non-banking borrower claims mainly consist of consumer loan requests across Europe.

Unlike traditional banking VIAINVEST offers private investors access to the non-banking lending sector through a simple process.

Borrowers request funding from the VIA SMS Group, the active contract automatically is then mirrored on VIAINVEST making it available for public investment. Each investor has full control of how much he wants to invest, to whom and in which loan. VIAINVEST guarantees a transparent investment environment and full investor support at any time.

VIAINVEST is a part of VIA SMS group – financial services provider operating across Europe. Since its founding in 2008 the company currently operates in 5 countries and has grown into one of the leading European consumer lenders. Company headquarters are located in Riga, Latvia.

ViaInvest in numbers

  • Total value of issued loans in 2017: 96 813 701 EUR
  • Net loan portfolio in 2017: 18 022 102 EUR (+23%)
  • Average size of issued loan: 349 EUR
  • Average annualized interest rate on loans to customers: 115%
  • Revenue in 2017: 20 122 313 (+22%)
  • Non-performing loans to total issued loans: 6.5%
  • Total number of employees around the world: 157
  • Registered investor: 4696
  • Average investor deposit: 4256 EUR
  • Average interest rate of investments: 10.2%

Who is eligible to invest?

Both private and legal entities are welcome to become investors at VIAINVEST. To begin private investments as an individual, you must be at least 18 years old, must complete the registration process and make the first deposit to your VIAINVEST investor account (VIAINVEST accepts payments only from banks within the European Union). If personal information stated in your investor profile matches the bank information of the person transferring funds to the VIAINVEST platform, the investor profile becomes active and you are able to start investing.

Similar requirements also apply to the legal entities – to start investing, the legal entity must register to open the investor account and make the first deposit. If the information provided upon registration matches the company information appearing when transferring funds, investor account is confirmed. Payments made by legal entities are also accepted if transferred from the bank operating within the European Union.

In what currencies can investments be made?

Investor Account can be opened only in EUR, but VIAINVEST accepts deposits in all currencies. Payments received in currencies other than EUR will be converted to EUR according to the Swedbank currency exchange rates.

How can funds be transfered

Deposits to the investor account can be easily made by transferring funds to the ViaInvest bank account.

For investor identification purposes the first payment must be transferred from the personal investor bank account operating within European Union. The payments are processed within 2 work days.

Investing

In order to begin investing investors need to meet the minimum 2 requirements:

There are two options how to make investments:

  • Manual investing – control what loan contracts you would like to invest into and how much:
    1. browse the loans contract listing currently listed on VIAINVEST in the primary market section and pick and choose how you want to build your portfolio,
    2. make full or partial investments into selected listings.
  • Auto-investing – save the time and invest into several loan contracts at once by letting the auto-invest feature to do the work for you:
    1. set the preferred criteria for your auto-invest portfolio,
    2. take your earnings and reinvest them into other loan contracts,
    3. fully automate the investment process without having to log in, manage your investments by changing auto-invest criteria or cancelling this option at any time.

All investments are made in EUR.

Tax issues

As income generated on VIAINVEST is a subject of Withholding Tax, VIAINVEST offers investors to choose 2 ways how these commitments can be handled:

1. Withholding Tax can be applied to the income generated on VIAINVEST within the platform. If the investor does not provide required documents and agrees that his income will be taxed within the platform, no additional actions are required. Income generated on the platform will be taxed according to the legislation of the loan origin country.

2. For Withholding Tax not to be applied to the income within the platform, the investor must take full responsibility of handling these commitments by himself and provide (upload to the investor profile) the copy of personal Tax Certificate issued by the tax authority of the country of investor’s residence. Tax Certificate must be provided before making any investments. If the certificate is not provided all earnings will be taxed in accordance with the appropriate Double Tax Treaty. If the Tax Certificate is uploaded after some investments are made, previously withheld taxes will not be returned to the investor. Only investments that are made after the upload of the Tax Certificate will not be taxed on the platform.

To provide appropriate Tax certificate, please note that income generated on VIAINVEST are paid to investors by loan originators, not the platform itself. Tax Certificate confirms the existence of Double Taxation Convention between the country of investor tax residence and loan origination country/-ies (in this case – Czech Republic, Spain, Latvia). Without a Tax Certificate all earnings will be taxed in accordance with the legislation of the loan origin country – if the loan origin country is Czech Republic – Withholding Tax is 15%, if Spain – 19%, if Latvia – 23%, Poland – 19% for private individuals and 20% for legal entities. Please note that there may be specific cases where Tax/Residence Certificate foresees that investors still need to pay a part of taxes on the platform.

It is required for investors to provide separate Tax/Residence Certificates for each loan origin country. Tax/Residence Certificate must confirm the existence of the treaty for the avoidance of double taxation concluded between the countries of loan origin and investor tax residence.

Future plans

  • Expanding the loan originator list: currently there are 4 loan originators: VIA SMS Ltd. (SIA VIA SMS) in Latvia, VIACONTO MINICREDIT, S.L. in Spain, Via SMS s.r.o. in Czech Republic and VIA SMS PL Sp. z o.o. in Poland. ViaInvest will be introducing a new loan originator from Sweden soon.
  • Planning on launching a VIAINVEST mobile app, in the near future

 

 

ExpressCredit now offers investment opportunities in personal loans from Zambia on Mintos p2p lending marketplace

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Following a successful launch of ExpressCredit Botswana on Mintos, ExpressCredit now offers you investment opportunities from Zambia as well, through its local company YesCash Zambia Limited. Now you can invest in its Zambia-issued personal loans and enjoy returns of up to 14%.

ExpressCredit prides itself on its customer service and endeavours to give its clients a personal approach through its seven branches and two sales offices in Zambia, with more branches to be opened in 2018. It was incorporated on May 11, 2016, and obtained a non-deposit taking microfinance institution licence on December 23, 2016, from the regulatory governing body, the Bank of Zambia. Some of the equity investors in ExpressCredit and Mintos overlap.

Currently, ExpressCredit primarily offers short-term loans to its customers and matches the repayment dates of the loan to their salaries. It also offers instalment loans to employees of institutions from the Government of Zambia. The company has received a PERMIC code from the Office of the President under the Public Service Management division which allows the company to directly debit repayments from the borrower’s salary. For borrowers who are not employed by the Government, the repayments are directly debited from their bank account. As a result, ExpressCredit loans from Zambia have one of the lowest default rates on Mintos. Initially, the loan originator will place its short-term loans for investment on Mintos, which it issues to non-Government employees.

“ExpressCredit is pleased to expand our presence on the best marketplace for loans in the world. Our mission is to deliver accessible and affordable financial solutions through superior customer service and technological innovation to become one of the top microfinance organisations in Zambia. Our partnership with Mintos and continuous investments in technology, branch network and people will ensure that we follow our mission,” says Chilufya Mutale, CEO of ExpressCredit.

The average Zambia-issued short-term loan from ExpressCredit is around EUR 137 and you can expect a net annual return of up to 14%. Borrowers repay the loan in a single instalment after 30 days.

All loans from ExpressCredit on Mintos are secured with a buyback guarantee and will be bought back by the company if it becomes delinquent for more than 60 days. In addition, the company will maintain 15% of each loan placed on the marketplace on its balance sheet as its skin in the game.

As of February 2018, ExpressCredit had a total loan book size of more than EUR 3.6 million. After its business launch in the fourth quarter of 2016, the company reached its first positive EBITDA in November 2017, while recording its first net profits after tax in February 2018. The company achieved EUR 164 thousand of total profits in its first two months of operations in 2018. The company is continually looking at opportunities for innovation and increasing its ability to cater for all of its customer’s needs.

ID Finance now offers loans for investment from Kazakhstan on Mintos p2p lending marketplace

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Mintos logo

ID Finance now offers even more investment opportunities on Mintos by launching its Kazakhstan-issued personal loans listed in Euro (EUR) and Kazakhstani tenge (KZT) on the marketplace under its Solva brand. This is in addition to the loans already available for investment from Georgia and Spain.

Solva Kazakhstan specialises in issuing personal online loans to individuals and small and micro-entrepreneurs. The company offers borrowers fast access to funds, an online application can be made in less than eight minutes and borrowers receive a decision instantly. Since its establishment in 2016, it has funded more than 6 100 loans worth around EUR 4 million. The operations of Solva Kazakhstan are regulated by the National Bank of Kazakhstan. ID Finance Group has two fully-owned lending companies operating in Kazakhstan – Solva Kazakhstan and MoneyMan Kazakhstan.

The average Kazakhstan-issued loan on Mintos from Solva Kazakhstan is EUR 650. You can expect an average net annual return of up to 11% for the company’s loans listed in EUR and 17% for KZT loans.

Solva Kazakhstan loans are secured with a buyback guarantee and will be repurchased if they are delinquent for more than 60 days. In addition, the company will retain 10% of each loan placed on the marketplace.

Established in 2012, the ID Finance group is a pioneer in the fintech industry in emerging markets. It is a fast-growing data science, credit scoring and digital finance provider. It is the largest online consumer lender in the CIS region and a leading one in Europe. Headquartered in Barcelona, the company operates in Spain, Kazakhstan, Georgia, Poland, Russia, Brazil and Mexico. The Research and Development centre of ID Finance is based in Minsk, Belarus. So far, the group has originated loans worth more than EUR 275 million and it had a net loan portfolio of around USD 77 million, as of December 31, 2017.

ID Finance joined Mintos in 2017 and has since funded EUR 21 million worth of loans. Kazakhstan is the third country the company offers investment opportunities from on Mintos and it currently lists loans in three currencies – EUR, KZT and the Georgian Lari (GEL).

Kuky.pl from Poland joins Mintos p2p lending marketplace and offers short-term investment opportunities

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Mintos logo

Mintos have a new addition to the loan originators family! Kuki.pl has just launched on the marketplace and offers you the opportunity to invest in its short-term consumer loans issued in Poland. The company is one of the fastest growing online short-term lenders in Poland and now lists its loans on Mintos in EUR and PLN for investment.

Established in 2017 Kuki.pl is a non-bank financial institution located in Warsaw, Poland and has its headquarters in Riga, Latvia. The company is made up of a team of 23 employees and is led by a strong management team which has up to 10 years experience in the online short-term consumer crediting market. Kuki.pl values its relationship with its customers above all else and aims to give the most convenient and fastest service. It achieves this through innovation, as it deploys the latest technologies to ensure instant consumer identification and scoring.

“We are excited to begin this collaboration with Mintos and share our strong performing portfolio with investors on the marketplace. We believe Mintos will allow Kuki.pl to grow at an even faster rate and allow us to reach a larger customer base in Poland, which is our goal,” says Toms Jurjevs, Group CEO.

The average Poland-issued short-term loan from Kuki.pl is around EUR 420 and PLN 1 760. The average repayment period is 30 days. You can expect an annual return rate of up to 13.1%.

Kuki.pl will keep 10% of each loan on its balance sheet to maintain its skin in the game. The company guarantees all of its loans that are delinquent for 60 days will be secured with a buyback guarantee. Kuki.pl and Bino.lv both belong to the same group.

Kuki.pl’s data-driven approach has enabled it to build a well-performing portfolio relatively quickly. Since its inception until March, 2018, it has originated more than 36 700 loans worth more than EUR 12.3 million. As of February 28, 2018, the company had a net loan portfolio of around EUR 4.2 million.

 

Kredit24 joins the Mintos peer-to-peer lending marketplace and offers Kazakhstan-issued loans

By News, Peer-to-Peer Lending, , , , , , ,

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For the first time on Mintos, now you can invest in Kazakhstan loans. Kredit24 has joined the Mintos marketplace and its short-term consumer loans in both euro (EUR) and Kazakhstani tenge (KZT) are available for investment. Kazakhstan is the first Central Asia country to be added to the Mintos marketplace.

Kredit24 is a pioneer in offering online micro-loans in Kazakhstan. It is a member of Silkway Ventures, the fast-growing international group of tech companies focusing on consumer finance and financial price comparison in Central and Southeast Asia. With the holding company based in Singapore, Silkway Ventures is a privately owned group that currently employs 120+ staff in three countries and consistently delivers double-digit annual growth for the past eight years.

“We have investor backing and are cash flow positive, but because of our fast-growing loan portfolio, we want to diversify our funding sources for loans issued. We see working with a European fintech player like Mintos as the next step in our development and are proud to be the first loan originator from Kazakhstan on the Mintos marketplace. Kazakhstan’s online finance market is growing quite rapidly, but there is still a lot of room for further expansion of our business in the country,” says CEO of Kredit24, Alexey Sidorov.

Kredit24 started its operations in 2013 and plans to expand into other countries in the region soon. The company’s services are delivered completely online and borrowers can get a loan in just a few minutes. Repeat customers can get a loan 24/7. Kredit24 offers flexible repayment terms. Because of its unique business model, since its inception the company has attracted 400 000 registered clients in Kazakhstan and has issued over EUR 14.5 million in loans.

You can invest in Kazakhstan-issued loans from Kredit24 in both EUR and KZT. The average loan on Mintos is EUR 100 with a repayment period of 30 days. For EUR loans, the expected return is up to 11% per annum. For KZT you can expect an annual return of up to 21%. Kredit24 instalment loans with longer maturities will be placed on the marketplace soon.

Kredit24 ensures all loans delinquent for more than 60 days will be bought back by the company. It will also keep 10% of each loan on the marketplace on its balance sheet to keep its skin in the game.

“Kredit24 joining Mintos is a huge bonus for the marketplace. Investors now have the opportunity to invest in 19 different countries, and with the addition of the Kazakh Tenge, ten different currencies. Central Asia, and Kazakhstan specifically, offer investors on Mintos exciting new investment opportunities – the chance to invest in loans from a rapidly developing market with exponential room for growth, and at great rates,” says Martins Sulte, CEO and co-founder of Mintos.

Kazakhstan is the largest economy in Central Asia and has maintained political and economic stability over the past 25 years. It has a rapidly developing alternative finance market. The country is growing at a strong pace and according to the World Bank is set to experience steady growth. Since 2002, the GDP of Kazakhstan per capita has risen sixfold.

There are two ways to invest in KZT loans on Mintos: transferring KZT directly to your investor’s account on Mintos or by converting your primary currency into KZT on the Mintos marketplace. For EUR to KZT conversions on Mintos, there is a market-level fee of 3.6%.

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