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Investment opportunities are now available in USD on Mintos p2p lending marketplace

By MPI10th April 2018News, Peer-to-Peer LendingBotswana, GetBucks, investment, Martins Sulte, Mintos, peer-to-peer lending, Short-term loans, Tim Nuy, US Dollar, USD

You can now invest in 11 currencies on Mintos as loans listed in the US Dollar (USD) are now available on the marketplace. This is thanks to GetBucks, which now also lists its Botswana-issued consumer loans in the USD, in addition to Euro (EUR).

“We enjoy offering investors the ability to diversify their portfolio, whilst at the same time ensuring our funding matches some of our external exposures. The addition of the USD to Mintos is a great way to achieve diversification for all parties,” says Tim Nuy, CEO of MyBucks.

GetBucks loans listed in USD will be the same as all Botswana-issued consumer loans on Mintos from the company. These loans are issued by three subsidiaries of the company, Cashcorp (Proprietary) Limited, GetBucks Botswana and TU Employee Benefits (Proprietary) Ltd (TU). On Mintos, Cashcorp offers investors short-term loans, whereas GetBucks Botswana and TU place their long-term personal loans for investment on the marketplace.

The average short-term Botswana-issued loan from GetBucks is USD 300, with a repayment period of 30 days. You can expect an average net annual return of up to 11%.

Botswana-issued long-term loans from GetBucks range from around USD 100 to USD 50 000 and the repayment period is from 6 to 36 months. The expected annual net return is up to 13%.

“The addition of the USD to our marketplace is a great achievement. One of our aims at Mintos is to give our investors many opportunities to achieve their investment goals. Now, investors have the opportunity to invest in 11 currencies on the marketplace- and this will only continue to grow. We hope investors will enjoy investing in loans listed in USD, which is the most commonly traded currency in the world,” says Martins Sulte, CEO and Co-founder of Mintos.

GetBucks offers a large range of products on Mintos, including consumer loans in Botswana, Poland and recently added investment opportunities in Kenya and Zambia. The company now offers loans for investment on Mintos in three currencies – EUR, Polish zloty and USD.

You can earn a cashback up to 4% on selected GetBucks loans on Mintos p2p lending marketplace

By MPI13th March 2018News, Peer-to-Peer Lendingcashback, GetBucks, investment, loan, long term, Mintos

GetBucks is the most recent loan originator to offer cashback for long-term investments on Mintos peer-to-peer lending marketplace! You can now earn a cashback of up to 4% for investing in GetBucks loans with a maturity of one year or more. You can get a cashback of:

– 1% for investing in GetBucks loans with a maturity of 12 to 23 months;
– 2% for investing in GetBucks loans with a maturity of 24 to 35 months;
– 3% for investing in GetBucks loans with a maturity of 36 to 47 months;
– 4% for investing in GetBucks loans with a maturity of 48 months or more.

This offer is only for a limited time, you have until April 13, 2018, to participate in the GetBucks cashback campaign. The company offers to invest in loans issued in Poland, Botswana, Kenya, and Zambia.

If you want to receive the cashback on your investments, you need to be enrolled in the campaign before making the investment. Only investments made on the Mintos primary market qualify.

GetBucks was the first loan originator on Mintos to offer investment opportunities in Africa. The company joined Mintos in June 2017, and investors have since funded more than EUR 4.9 million worth of GetBucks loans on Mintos. The average weighted net return for investors has been 10.5%. GetBucks offers personal and short-term loans from Botswana, Kenya, Poland and Zambia in euro (EUR) on the Mintos marketplace.

GetBucks is the leading fintech company in Africa, with a net loan portfolio in excess of EUR 92 million. Since its inception, the company has disbursed more than EUR 380 million in loans. GetBucks is part of the Luxembourg-registered, Frankfurt-listed MyBucks Group, which was awarded the “Best EU Financial Inclusion Company” in the 2017 edition of the European fintech Awards.

Speakers from GetBucks will be joining Mintos on March 22, 2018, for a webinar where the CEO and Corporate Finance Executive of MyBucks will reveal the latest financial data for the MyBucks Group, showcase the immense investment opportunities available in Africa and also reveal the future plans for the company and group. Be sure to stay tuned for upcoming information on the webinar.

FAQ

When will I receive my cashback?

The cashback will be transferred to your Investor’s Account on Mintos within six working days from the day you make the investment.

What will happen if the loan originator will re-buy my long-term investment?

Sometimes loan originators re-buy the loans before their maturity. If this happens, you will get to keep your cashback.

Do I need to enrol each time I make a new investment?

No. To participate in the campaign, you need to enrol only once. All investments made after that will qualify for cashback.

Do investments made prior to enrolling in the campaign, qualify for cashback too?

No. Only new investments made after you have enrolled in the campaign on your Investor’s Account qualify for a cashback.

Why would I want to invest in long-term loans?

Investing long-term has many benefits. The returns offered for these loans generally are higher than returns offered on short-term loans. You get to lock-in these higher return rates for a longer period of time, thus avoiding any cash drag effect. Including longer-term loans in your investment portfolio also means better diversification in terms of loan types and borrower profiles.

For other bonuses visit our Cash-back & Bonuses page.

You can now invest in personal loans from GetBucks in Kenya and Zambia on Mintos p2p lending marketplace

By MPI8th March 20181 commentNews, Peer-to-Peer Lendingbuyback guarantee, GetBucks, kenya, Mintos, MyBucks, personal loans, Zambia

The investment opportunities from Africa on the Mintos marketplace have just doubled as GetBucks now offers you the chance to invest in personal loans from Kenya and Zambia, with yearly returns of up to 13%. In both countries, the company has special agreements that ensure loan repayments are deducted directly from the salary of the borrower.

GetBucks is part of the Frankfurt-listed fintech company, MyBucks. The loan originator joined Mintos in June 2017 and until now was offering investment opportunities in Poland and Botswana. Since joining the marketplace investors have invested more than EUR 4.9 million worth of GetBucks loans.

GetBucks Kenya (Emu Inya Enterprises Limited) exclusively lends to Kenyan civil servants, county employees and to employees of the Kenyan Teachers Service Commission. GetBucks Zambia provides loans for educational purposes and to employees of large national companies. In both countries, the company issues loans only based on special agreements that allow repayments to be deducted directly from the salary of the borrower. Because of this setup, personal loans issued by GetBucks from Kenya and Zambia have one of the lowest default rates on the market.

The average Kenya-issued personal loan on Mintos from GetBucks is EUR 800, with an average repayment period of 36 months. The average GetBucks Zambia-issued personal loan on Mintos is EUR 600, with a repayment period of 13 to 36 months. Investors can expect an annual return of up to 13% for GetBucks loans from both countries.

To keep its skin in the game, GetBucks will retain 5% of each loan placed on Mintos on its balance sheet. GetBucks ensures all loans from Kenya and Zambia that are delinquent for 60 days or more will be repurchased by the company. The obligations of GetBucks Kenya and GetBucks Zambia will be guaranteed by MyBucks Group.

Established in 1993, GetBucks Kenya has distributed more than EUR 14 million worth of loans since its inception. GetBucks Zambia started operating in 2014. Since then, more than EUR 23 million worth of loans has been given.

The Luxembourg-registered MyBucks Group was the first African fintech company to be listed on the Frankfurt Stock Exchange. In 2017, the company also successfully listed bonds on the Vienna, Botswana, and Zimbabwe stock exchanges to refinance existing debt facilities and to expand its loan book. The current market capitalisation of the company is in excess of EUR 170 million.

Kenya is one of the leading countries from Africa in the alternative lending industry. Economically, the country offers a youthful and growing population, dynamic private sector, highly skilled workforce, improved infrastructure and a new constitution. According to forecasts from The World Bank, GDP growth is expected to rebound to 5.8% in 2018 and 6.1% in 2019 respectively.

Zambia has one of the world’s fastest growing populations, with the United Nations projecting that the country’s population will triple by 2050. GDP is also set to improve, according to the World Bank, growth is forecast to strengthen to 4.5% in 2018 and 4.7% in 2019.

GetBucks joins Viventor peer-to-peer lending marketplace

By MPI31st January 2018News, Peer-to-Peer Lendingbuyback guarantee, consumer loans, GetBucks, kenya, MyBucks, peer-to-peer lending, Viventor

MyBucks, a leading FinTech company that operates a range of financial products and services across 13 countries worldwide joins Viventor peer-to-peer lending marketplace. The company will list the loans originated in Kenya under GetBucks brand.

Founded in 2011, MyBucks has established itself as a scene-setting market pioneer when it comes to modern financial services. Operating 4 banks and 9 microfinance institutions that offer loan, banking and insurance products, the company has issued almost EUR 400 million worth of loans.

In June 2016, MyBucks was listed on the Frankfurt Stock Exchange (FRA:MBC). Registered in Luxembourg, the company is of African origin with active operations in 11 countries across the continent. The company is also present in Poland and Australia.

“Our company’s vision is to embrace technology as a mean to provide better financial solutions to people all over the world. Getting listed on Frankfurt stock exchange was a major step towards showing our ambition indeed lies beyond just Africa. Partnering with Viventor, another ambitious FinTech company that seeks to provide better financial services through technology is not only another step forward for us, but also a collaboration that simply makes sense.”

Tim Nuy, Deputy CEO of MyBucks

GetBucks loans on Viventor

500-50000 EUR in size
12 months-48 months in duration
10%-12% projected annual return
60 day Buyback guarantee

The company will initially list its consumer loans from Kenya issued to local business owners. All loans are backed by a third party guarantor and have a collateral in place. In addition to the attractive yield, terms and Buyback Guarantee, all the loans will be listed in Euros. On top of that, GetBucks will maintain 5% skin in the game stake in every single loan.

GetBucks offers new investment opportunities from Botswana on Mintos P2P lending marketplace

By MPI13th December 2017News, Peer-to-Peer LendingBotswana, buyback guarantee, GetBucks, long term, Mintos, personal loans

Thanks to GetBucks the Mintos marketplace now has even more investment opportunities in Botswana. In addition to short-term loans, investors can now also invest in longer-term personal loans issued by GetBucks in Botswana.

Personal loans issued by GetBucks in Botswana have one of the lowest default rates on the market. This is due to special agreements which allow for monthly payments to be deducted from the borrower’s salary.

GetBucks personal loans in Botswana are issued by two GetBucks subsidiaries, GetBucks Botswana and TU Employee Benefits (Proprietary) Ltd. Both subsidiaries have special agreements with workers unions – GetBucks Botswana has an agreement with the Botswana Government Workers Union, while TU has an agreement with the Botswana Teachers Union.

Borrowers of both subsidiaries are mostly taking out loans for either personal consumption, or to pay for education. Larger loans are used for home and farm renovations or to purchase cattle.

Botswana-issued GetBucks loans, ranging from around EUR 82 to EUR 40 740 are now available for investment on Mintos. The repayment period is from 6 to 36 months. The expected annual net return for investors is 11-13%.

For loans that are delinquent for more than 60 days, GetBucks will provide a buyback guarantee. To maintain its skin in the game, the company will keep at least 5% of each loan available on the Mintos marketplace on its balance sheet. The obligations of GetBucks Botswana and TU will be guaranteed by the MyBucks Group.

Established in 2011, GetBucks is part of the Frankfurt-listed fintech company MyBucks. The Group operates in 12 countries across three continents – Africa, Europe and Australia. The company offers customers unsecured consumer loans, banking solutions and insurance products through its different brands.

TU was founded in 2012 and has granted EUR 27 million worth of loans. GetBucks Botswana was established in 2012 and has provided EUR 8 million worth of loans. GetBucks has three subsidiaries in Botswana – Cashcorp, GetBucks Botswana and TU. Together, they have funded EUR 35.3 million worth of loans.

The revenue for MyBucks has been growing at a rapid pace over the past four years, reaching EUR 62.2 million by the end of their fiscal year in June 2017. In the past year, the group’s operating profit has grown over 30% to EUR 14.5 million.

GetBucks joined the Mintos marketplace in June 2017, initially offering short-term personal loans for investment issued in Poland. The company began offering loans from Botswana in August 2017. GetBucks has funded loans worth EUR 2 million through Mintos.

Loans issued in Africa now available on the Mintos marketplace

By MPI21st August 2017News, Peer-to-Peer LendingAfrica, Botswana, GetBucks, Mintos, MyBucks, peer-to-peer lending, Short-term loans

GetBucks has started placing short-term personal loans issued online in Botswana on the Mintos marketplace. With this move, GetBucks is the first loan originator on the Mintos marketplace to offer an opportunity to invest in loans issued in one of the fastest growing regions of the world — Africa.

GetBucks, part of Frankfurt-listed fintech company MyBucks, joined the Mintos marketplace in June 2017, offering investors the opportunity to invest in short-term personal loans issued in Poland. So far, the company has funded loans worth more than EUR 400 000 through Mintos.

Tim Nuy, Deputy CEO of MyBucks, says: “We initially approached Mintos as a practical and flexible solution to our funding needs in Europe. So far, the Mintos platform has given us great results, with excellent investor demand.”

“The outcome was so good, we thought it would be great if we could find similar solutions for our successful African operations,” says Nuy. “Some African markets are not too different from many Eastern European countries. Botswana, for example, has a very stable economy with a GDP per capita of over USD 16 000. Loan impairments there are much lower than in most Eastern European markets.”

“We are glad to partner with Mintos in this initiative to allow European investors to participate in the African consumer finance business. We are confident that it will be as successful as it has been in Poland.”

The average Botswana-issued loan GetBucks will place on the Mintos marketplace is EUR 250, with a repayment period of 30 days. The average annual net return to investors will reach 11%.

GetBucks will provide a buyback guarantee for loans that are delinquent for more than 60 days, and will keep at least 5% of each loan available on the Mintos marketplace on its balance sheet. Obligations of GetBucks Botswana will be guaranteed by MyBucks Group.

The subsidiary GetBucks acquired in Botswana was established in 1998 and provides short-term unsecured loans. The company has already disbursed more than 120 000 loans worth more than EUR 19 million, most of them for consumption and education.

MyBucks Group has experienced exponential growth since its inception in 2011. Through its different brands, the company offers customers unsecured consumer loans, banking solutions and insurance products.

MyBucks Group operates in 12 countries across three continents – Africa, Europe and Australia. The company currently has four banking licenses and employs over 1 000 people. It has disbursed more than 1 million loans since inception. MyBucks now has a loan portfolio of almost EUR 100 million; it had a record year in 2016 when the company disbursed EUR 124 million in loans.

The Luxembourg-registered MyBucks group is the first African fintech company to be listed on the Frankfurt Stock Exchange. It is also the first fintech company in Africa to provide savings products. In 2017, the company successfully listed bonds on the Vienna, Botswana and Zimbabwe stock exchange. It now has plans to list bonds in several other jurisdictions.

Over the last four years, MyBucks group’s revenues have grown fivefold to reach EUR 66.3 million, as of the end of June 2017. The company’s operating profit has grown over 30% in the past year to EUR 15.6 million.

GetBucks has developed unique credit-scoring technology with self-learning algorithms that allow the company to keep a default rate below 8%. The company distributes its product portfolio through digital channels and internet service points, which has allowed it to scale rapidly while also managing its credit risk effectively.

If you would like to invest in loans issued by GetBucks and use Auto Invest on the Mintos marketplace, be sure to adjust your settings accordingly and add GetBucks to your Auto Invest loan originators’ list!

GetBucks, Africa’s leading alternative lending company, joins Mintos marketplace

By MPI16th June 2017News, Peer-to-Peer LendingAfrica, GetBucks, loan originator, marketplace, Mintos, peer-to-peer lending

GetBucks, part of the Frankfurt-listed fintech company, MyBucks, has started placing short-term personal loans issued online in Poland on the Mintos marketplace. MyBucks operates across three continents – Africa, Europe, and Australia. It is planned to offer loans issued in Africa on the Mintos marketplace soon.

The average loan GetBucks will place on the Mintos marketplace is EUR 250, with a repayment period of 30 days. The loan originator will offer investment opportunities in both euro (EUR) and Polish Zloty (PLN). The average annual net return to investors will reach 11%.

GetBucks will further offer a buyback guarantee for loans that are delinquent for more than 60 days and will keep at least 5% of each loan available on the Mintos marketplace on its balance sheet.

The Luxembourg-registered MyBucks Group is the first African fintech company to be listed on the Frankfurt Stock Exchange. In 2017, the company also successfully listed bonds on the Vienna, Botswana, and Zimbabwe stock exchanges to refinance existing debt facilities and to expand its loan book. Current market capitalization of the company is in excess of EUR 170 million.

Over the last three years, MyBucks Group’s revenues have grown by approximately 163% per annum, and its loan book has almost doubled during the last year alone, standing at EUR 77.2 million at the end of 2016. The company’s revenue in the first half of 2017 has reached EUR 25.7 million with an operating profit of EUR 10.2 million.

GetBucks has developed unique credit scoring technology with self-learning algorithms that allow the company to keep a low default rate below 8%. The company distributes its product portfolio through digital channels and internet service points, which has allowed it to scale rapidly while also managing its credit risk effectively.