Tag Archives: investor

New Envestio project – Renewal of freight containers – Tier 3

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

Envestio logo

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

By introducing the new Investment Project Owner “SRR” JSC with project “Renewal of freight containers – Tier 3″, Envestio expands the variety of industries available to invest in. “SRR” JSC has a long and successful experience of conducting logistics operations.

The loan is fully secured by mixed commercial pledge and personal guarantee of the main beneficiaries of “SRR” JSC.

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 logistics industry, financing of technical inspection and repair/renewal works for freight containers.
  • Secured debt, 21% planned annual return.
  • Investment principal buyback is available at 5% penalty rate.

Project description

The JSC SRR was established in Riga, Latvia in the year 2007. JSC SRR is a member of FIATA, LAFF, LTBA, CCTP, holds ISO 9001:2008 certificate, and employs 64 people.

Company’s key assets include 950 x 20’ and 450 х 40’ containers as well as 825 railroad platforms.

The main fields of company’s activity are:

  • Multimodal transportation and integrated railway solutions for metallurgical companies and industrial manufacturers
  • Handling of container trains
  • Optimizing use of rolling stock and providing own containers
  • Warehousing of various types of cargo
  • Regular feeder container line Rotterdam-Riga-Ust-Luga-St. Petersburg-Rotterdam

The company is looking to conduct a round of technical inspection and repair/renewal works for all its containers, used for freight operations. The total cost of the project is estimated to be EUR 650,000. Envestio participants will have a chance to finance this project in several tranches of moderate size, according to the number of containers submitted for inspection and further proceedings in a single batch.

Market

Consolidated figures show that during the year 2017 the global market for transportation of goods using freight containers increased by more than 6% in relation to 2016. Last time so high market growth rates were observed more than 6 years ago – in the year 2011. Overall demand for China-Europe-America freight routes in 2017 increased rapidly due to China’s GDP 6,9% growth that was almost 0,5% higher than anticipated growth of 6,5%. At the same time, also the freight rates in 2017 swiftly recovered from downfall, experienced in 2016.

Further development of the global market is largely dependent on the extent at which current expansion plans of the biggest container lines are realized as well as on the development dynamics of the international trade. Bearing in mind increasing ambiguity on the global markets, caused by geopolitical shifts combined with high growth rates the key factor for success is the ability to manage both own and freighted assets in the most efficient and flexible way.

From the regional perspective the biggest increase in volumes was achieved in the North America (+12,6%), followed by Latin America (+11,1%), China (+10,3%), and Europe (+4,4%).

Sample repayment schedule

Envestio participant’s investment – EUR 1 000.00
Payments:

  • 10.11.2018 – EUR 17.84
  • 10.12.2018 – EUR 17.26
  • 10.01.2019 – EUR 17.84
  • 10.02.2019 – EUR 17.84
  • 10.03.2019 – EUR 16.11
  • 10.04.2019 – EUR 17.84
  • 10.05.2019 – EUR 17.26
  • 10.06.2019 – EUR 1017.84

Total expected return: EUR 1 139.83

New Envestio project – Renewal of freight containers – Tier 1

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

Envestio logo

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

By introducing the new Investment Project Owner “SRR” JSC with project “Renewal of freight containers – Tier 1″, Envestio expands the variety of industries available to invest in. “SRR” JSC has a long and successful experience of conducting logistics operations.

The loan is fully secured by mixed commercial pledge and personal guarantee of the main beneficiaries of “SRR” JSC.

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 logistics industry, financing of technical inspection and repair/renewal works for freight containers.
  • Secured debt, 21% planned annual return.
  • Investment principal buyback is available at 5% penalty rate.

Project description

The JSC SRR was established in Riga, Latvia in the year 2007. JSC SRR is a member of FIATA, LAFF, LTBA, CCTP, holds ISO 9001:2008 certificate, and employs 64 people.

Company’s key assets include 950 x 20’ and 450 х 40’ containers as well as 825 railroad platforms.

The main fields of company’s activity are:

  • Multimodal transportation and integrated railway solutions for metallurgical companies and industrial manufacturers
  • Handling of container trains
  • Optimizing use of rolling stock and providing own containers
  • Warehousing of various types of cargo
  • Regular feeder container line Rotterdam-Riga-Ust-Luga-St. Petersburg-Rotterdam

The company is looking to conduct a round of technical inspection and repair/renewal works for all its containers, used for freight operations. The total cost of the project is estimated to be EUR 650,000. Envestio participants will have a chance to finance this project in several tranches of moderate size, according to the number of containers submitted for inspection and further proceedings in a single batch.

Market

Consolidated figures show that during the year 2017 the global market for transportation of goods using freight containers increased by more than 6% in relation to 2016. Last time so high market growth rates were observed more than 6 years ago – in the year 2011. Overall demand for China-Europe-America freight routes in 2017 increased rapidly due to China’s GDP 6,9% growth that was almost 0,5% higher than anticipated growth of 6,5%. At the same time, also the freight rates in 2017 swiftly recovered from downfall, experienced in 2016.

Further development of the global market is largely dependent on the extent at which current expansion plans of the biggest container lines are realized as well as on the development dynamics of the international trade. Bearing in mind increasing ambiguity on the global markets, caused by geopolitical shifts combined with high growth rates the key factor for success is the ability to manage both own and freighted assets in the most efficient and flexible way.

From the regional perspective the biggest increase in volumes was achieved in the North America (+12,6%), followed by Latin America (+11,1%), China (+10,3%), and Europe (+4,4%).

Sample repayment schedule

Envestio participant’s investment – EUR 1 000.00
Payments:

  • 21.10.2018 – EUR 17.26
  • 21.11.2018 – EUR 17.84
  • 21.12.2018 – EUR 17.26
  • 21.01.2019 – EUR 17.84
  • 21.02.2019 – EUR 17.84
  • 21.03.2019 – EUR 16.11
  • 21.04.2019 – EUR 17.84
  • 21.05.2019 – EUR 1017.26

Total expected return: EUR 1 139.25

 

Crowdestate real estate crowdfunding marketplace overview

By News, Peer-to-Peer Lending, Real estate, , , , , , , ,

Crowdestate logo

Crowdestate is a real estate crowdfunding marketplace offering high-quality, pre-vetted real estate investments. Their close relationships with different local real estate developers and brokerage companies give them access to a large number of off-market real estate investments. Only the best investments surviving the due diligence process are published for investing.

While all relevant information required for making proficient investment decisions are attached to each investment, all investment decisions are made by the investors based on their personal investment preferences and risk tolerance. Extensive background information, business plans, and financial models combined with a low 100 euro minimum investment are making real estate investing quick and easy.

Online marketplace and underlying technology provide access to the real estate investments regardless of your location or time zone.

At the same time, Crowdestate is a perfect partner for real estate entrepreneurs having a bright investment idea but lacking etiher capital or liquidity. Crowdestate is their professional funding partner, consolidating hundreds or thousands of smaller investment orders into a single lump sum.

How it works and who can invest?

You should be a registered user to gain access to the investment opportunities. Before investing, you are expected to provide Crowdestate with necessary information and confirmations required by the law.

As a registered user, you can open one or several investments accounts (for instance, one for your personal holdings and the other for your investment company). All your transactions (investments, distributions, payments etc) will be reflected on your investment account.
You should have sufficient free funds on your investment account to start investing. Funds can be added to your investment account through wire transfer, please always use investment account’s unique reference number to ensure smooth transactions.
Please review investment opportunity before making any investment decisions. Crowdestate’s investment opportunities are of different length, risk profile and return expectations. Please consider the suitability of any investment opportunity to your personal risk tolerance and investment horizon. If the available opportunity does not match with your preferences, please do not invest in it. We are regularly adding new real estate investment opportunities and in time you will find a suitable one.
If you have found a suitable real estate opportunity, please start investing by entering your investment amount and concluding the necessary agreement. At the moment of signing the agreement, Crowdestate will make the reservation in your investment amount on your investment account.
In case the funding campaign is successful (the investment opportunity gets funded before the deadline of the funding campaign), Crowdestate will proceed to concluding the investment transaction. During the settlement process, your investment amount will be debited from your investment account and transferred to the Sponsor.
In case the funding campaign fails (the investment opportunity falls short of full funding before the stated deadline), your investment agreement and the reservation on your investment account are automatically cancelled.
Investors from all countries are welcomed in Crowdestate loans except US citizens (due to the regulations the US government has set).

Investment minimum and maximum amount

The minimum amount of any single investment is usually EUR 100,00 (one hundred euros), and investments can be made with 100 euro intervals (i.e 100, 200, 500, 1000 euros etc).

Any new investment opportunity opens with a 24 hour prebooking period. This is a period where one investor can make one investment order within the preferred maximum investment amounts. The final investment amount will be determined by the number of prebooking investors. It will remain between 100€ and your submitted maximum investment amount.

Different types of capital and their meaning

Equity is the capital placed in the company by its owners. The owners are paid the last, after all liabilities have been paid.

Mezzanine is a hybrid capital (subordinated loan or preferred equity) that lies between equity and secured loan. It has a lower risk than equity – mezzanine financing is repaid before equity, but after all bank obligations have been fulfilled. In addition to the usual interest, bonuses that depend on the profitability of the project may be added to the mezzanine capital.

Unsecured loan is a layer of capital between equity and secured loans. They are riskier than secured loans, but also more profitable. Unsecured loans are repaid to the owner of the capital after all secured debts have been repaid.

Secured loan is the safest and thus the least profitable type of capital. The loan is secured against a collateral, which is usually a mortgage on the assets of the company or some other type of collateral. Secured loans are always repaid in the first priority.

Different types of real estate investment and their meaning

Rental – Investments to projects with available cash flow.

Development – Investments to property development projects (the construction and sale of buildings).

Speculative – Risky early-stage investments to a property where the main parameters of the development project are known, but they can change significantly during the implementation of the project (e.g. the development process of the detailed plan and its duration as well as building rights).

Various asset classes and their meaning

Working capital is a capital needed for financing the running operations of a company.

Investment is a capital placed in the development of a company, in particular in its main assets.

Bridge financing is a temporary short-term financing, usually later replaced by a long-term and more stable financing solution.

M&A is financing mergers and takeovers of businesses.

 

New Envestio project – Crypto-mining Container Phi200

By News, Peer-to-Peer Lending, Smart money, , , , , , , , , , , , , , ,

Envestio logo

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

By launching the project “Crypto-mining Container Phi200” (Project ID EN018025), Envestio continues to expand the successful cooperation with the representatives of crypto-mining industry.

This loan is fully secured by mixed collateral and personal guarantee of the main beneficiary of Ostbin Group Ltd.

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 crypto-mining sector, financing of a crypto-mining hardware assembling process.
  • Secured debt, 20,5% planned annual return.
  • Investment principal buyback is available at 5% penalty rate.

Project description

Ostbin Group is a company, established by IT professionals in order to conduct different operations on the crypto-mining market, such as assembling and selling crypto-mining hardware, direct crypto-mining using own hardware as well as management of crypto-mining facilities, owned by external parties.

The company is already known to Envestio participants by its fully-financed project “Crypto-mining Farm 130GTX1080ti”. Ostbin Group is constantly developing new approaches and works only with the newest hardware on the market in order to make mining process more efficient and achieve high and stable profitability even in volatile environment, which is observed on the crypto-mining market in 2018.

This time Ostbin Group is offering a “secured debt” type investment project.

Ostbin Group has recently received a new order and signed a contract with the end customer for assembling a modern crypto-mining unit of a larger scale. Now the company is looking forward to attract co-financing with help of Envestio participants in order to complete this project. The target amount is EUR 800,000 and investment horizon constitutes 9 months – term that is necessary for purchasing and delivering the hardware, assembling the mining unit, and receiving the final payment from the customer.

The mining hardware is going to be placed inside a standard 40-ft container, equipped with industrial-type automated cooling system, allowing it to operate within approximately 70 degrees wide temperature gap (-35oC to +35oC). The hardware filling of the mining unit is formed by 200 latest generation mining servers, built on basis of Intel Xeon Phi processors. This hardware is characterized by longer lifecycle, extraordinary operational flexibility, and higher effectiveness than most of the crypto-mining solutions that are available on the market in the second half of 2018. Consequently, this mobile mining unit is going to be one of the most powerful and efficient products of those offered on the global market.

Market

Cryptocurrency market currently experiences exponential growth with total capitalization exceeding EUR 215 billion in August, 2018. This is a rapid increase from beginning of the 2017, when gross capitalization amounted more than 10 times lower number, i.e. EUR 20 billion. The market remains highly volatile, however, the technology behind it is constantly developing and the involved number of important players is growing.

Bitcoin remains the leading currency on the market with around 47% of total capitalization value. It is followed by Etherium with 16% and Ripple on the third place with 6%.

An increasing number of traditional institutions such as central banks, stock exchanges, and even some governments are demonstrating increasing interest to the blockchain industry market.

Sample repayment schedule

Envestio participant’s investment – EUR 1 000.00
Payments:

  • 08.09.2018 – EUR 17.41
  • 08.10.2018 – EUR 16.85
  • 08.11.2018 – EUR 17.41
  • 08.12.2018 – EUR 16.85
  • 08.01.2019 – EUR 17.41
  • 08.02.2019 – EUR 17.41
  • 08.03.2019 – EUR 15.73
  • 08.04.2019 – EUR 17.41
  • 08.05.2019 – EUR 1 016.85

Total expected return: EUR 1 153.33

Lime Zaim has launched on Mintos and initially offers investment opportunities in RUB and will begin to offer loans in EUR in the coming weeks

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

Mintos logo

The Lime Zaim company is a technology-driven financial service provider from Russia and will offer returns up to 13% and 18% for its EUR and RUB loans respectively on the Mintos peer-to-peer lending marketplace.

Lime Zaim, part of the Lime Group, was established in 2013 in Russia and began issuing loans in the first quarter of 2014. Lime Zaim’s lending products assist under-banked consumers to expand their purchasing power and to manage their short-term cash flow needs. To achieve this, the company offers short-term loans and instalment loans to citizens of Russia completely online. Its proprietary machine-learning scoring algorithms combine standard credit history information with behavioural and demographic factors to provide it with a more accurate credit score. This allows the company to offer credit to borrowers passed over by traditional lenders.

“The Mintos marketplace offers an outstandingly flexible source of funds enabling us to smooth capital flows by exactly matching assets with liabilities and to further diversify our funding structure,” says Kevin Hurley, Vice President of Finance at Lime Capital Partners.

On Mintos, the average Russia-issued personal loan from Lime Zaim is around RUB 7 000, and the average EUR equivalent is EUR 100. The average repayment period is 28 days. You can expect a net annual return of up to 18% for its loans listed in RUB and up to 13% for its EUR loans.

All loans from Lime Zaim come with the buyback guarantee from its mother company, Laim Zaim Holdings Limited. This means, if a loan is delinquent for more than 60 days Laim Zaim Holdings Limited will repurchase the loan. The loan originator will also keep 10% skin in the game, to ensure its interests align with those of investors.

Since its founding in 2013 by Alexey Nefedov and Stanislav Sergushkin, Lime Zaim have scored hundreds of thousands of loan applications, issuing 393 000 loans to more than 100 000 customers.

Lime Zaim’s revenue for 2017 was around EUR 11.6 million and net profit for the same time period was around EUR 1.4 million. As at January 1, 2018 it had a net loan portfolio of more than EUR 2.3 million.

New investment project in Latvia announced by Bulkestate – Launch 6 july 2018

By News, Peer-to-Peer Lending, Real estate, , , , , , ,

Bulkestate logo

Bulkestate announced today that it is preparing to launch a new investment project in Latvia.

Launch time: Tomorrow / 6 July 2018 / 16:00 (EEST)

The property is a 2200 m2 large land plot on Lūku Street, in Mārupe district. The land plot is intended for private house construction. Mārupe is one of the closest private housing areas to Riga.

Interest rate: 13%

Investment target: 35,000 EUR
Loan period: 6 months
Loan to value: 49%
Security: Mortgage

5 essential steps to invest buying a property

By Real estate, Smart money, , , , , , , , ,

Real estate invest

The first steps as an investor in the real estate world can be risky and complicated. Like any new approach, there is a learning process and by allocating time and studying the problem, the results will be positive. Before you buy a property, here are some steps to keep in mind.

Prepare the advance and set the rates for the loan

Financing through a loan an investment in a property is not the same as the financing of your own home. If you decide to invest and buy a property, expect a fairly important advance. Get ready the advance and study bank lending offers. Funding conditions are very important.

Decide if you want to rent or sell the property

Renting or selling an investment involves different strategies, so it is important to know what method you intend to apply. If you bought a property and you want to sell it after you arrange it, it is a quick way to earn capital. Renting requires shorter repairs and smaller investments, but it has a much lower return. The gains accumulate over time and the investment is amortized over a long period of time. Rental properties involve long-term commitments to keep tenants, but provide a long-term secure income.

Understand the local economy

Studying the current situation may be helpful. If you intend to rent, it is important to think long-term. Is the city potentially economical, or is the local economy declining? You need an economy that attracts potential tenants who will pay for long-term rent or you can always find quality buyers. Researching this economic situation will take time. Nobody knows the situation better than a local. Create relationships to understand if it is advisable to rent or sell a property. You can start investing in real estate in an area that will be familiar, close to your resentment.

Study the market

If you like a building, look for similar properties on the market. It is helpful to orient yourself according to the market price. Make a comparative study to see at what price you could rent your property, compared to other similar properties. Do not focus only on pricing. Verify if certain properties are for long available for sale on the market, then there are reasons why they are not leased. If real estate agents offer discounts, this indicates a market with few buyers. If the prices are high and few properties are available then the market is weak in quality offers and there are many buyers, that is, you have to compete.

Find out the costs for repair and maintenance

When buying a property, you also have to estimate the costs for repairs and improvements so that it is suitable for rent or later sale. Call a specialist who can find hidden building defects. If you intend to resell, evaluate correctly what costs are involved in the arrangement of the building. External repairs, painting, overhauling are much cheaper as structural defects or electrical network reconfiguration. Take into account not only repairs but also maintenance costs. If you want to resell, then you have to include these expenses in your plans, so you will not to lose. If you want to rent, avoid major repairs and renovations. Renting will bring long-term income, and the investment should not involve large expense.

Fast Invest peer-to-peer lending marketplace overview

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

Fast Invest logo

Fast Invest is an innovative FinTech company that offers its customers the chance to invest in consumer-based loans issued in European countries. All loans in the marketplace come with Buyback and Default Guarantees.

They firmly believe that everyone should be given access to the digital investment world. Technology has evolved so much over the past few years creating a smoother, faster and more reliable money flow. Their mission is to enable cross-border investing for every European citizen. The goal is to achieve this by building a stable, secure platform that makes it possible for users to invest in different countries, loan types and loan originators. Users can select from the pool of listed loans and invest in those that match their preferences.

Fast Invest’s business model provides access to investors and makes secure investing simple and accessible for anyone interested in investments and innovative ways of earning. Users can select from the pool of listed loans and invest in the one’s meeting their preferences, earning up to 14% in interest.

Fast Invest can offer better terms than traditional banks because they exclude unnecessary intermediaries from the process, thus allowing investors to save money that would have been otherwise spent on commissions and fees for third party services.

Overall FinTech (Financial Technology) companies are more flexible in terms of rates and operational costs than other organisations in the traditional banking sector. FinTech companies operate in diverse groups and incur fewer expenses than the traditional banking sector, thus providing the opportunity to give back more significant returns to the people.

How does the Fast Invest platform work?

  1. A person applies for a loan at a loan originator and prepares all the necessary documents and fills in the appropriate forms. The loan originator checks the applicant’s credit score, evaluates risk and grants the loan.
  2. Credit institutions provide the granted loans for investment. Fast Invest’s Compliance and Credit Risk Department then approves the conditions of the credit agreement and puts them on our Loan List for investment.
  3. The borrower makes monthly repayments according to the terms in the credit agreement and the payment schedule. Payment instalments are divided proportionally according to the amount invested in that particular loan for every investor.
  4. As soon as the borrower whose loan you have invested in repays his loan, you will start receiving payments of both the principal sum and the interest for that investment period. Funds are automatically transferred to your Fast Invest account. You can reinvest those funds in any available loan using the Auto Invest tool.

Opening a Fast Invest investor’s account

  1. Fill in the investor’s registration form.
  2. Add funds to your Fast Invest account.
  3. Choose a loan to invest in from the Loan List.
  4. According to the loan payment schedule, you will start receiving both repayments on the principal and the interest. Funds will be transferred to your Fast Invest account.

*NOTE: The investor must confirm his/her identity in order to request the immediate withdrawal of funds from the Fast Invest account to a personal bank account.

Investors must be at least 18 years old, have a valid email address and a personal bank account in their name in the European Union.

For the identification purposes, you must provide a national identification card (scanned or photographed both sides) or a passport (scanned or photographed).

There are three steps for Fast Invest client verification:

  1. The client must send a copy of his/her national identification document. If there are any questions or concerns relating to the identification of the client, the Compliance Office support team will request a second identification document and bill to successfully identify the client;
  2. The client receives an email which must be confirmed via the included link;
  3. The client must verify his/her phone number by entering the SMS code sent directly to his/her phone.

Companies cannot register with Fast Invest platform, or make investments.

Investing with Fast Invest platform

Right now, the platform provides consumer-based loans issued across the European Union.

All listed loans are 100% pre-funded by the Loan Originator. Moreover, the Loan Originator keeps at least a 5% stake in every single deal, proving they have “skin in the game”.

On the Loan List, you can manually filter all listed loans, and manually pick the ones aligning with your preferences by determining: term, currency, amount, interest rate, and loan origin.

By using Auto Invest, you can create a portfolio, specifying specific parameters (portfolio size, maximum investment per loan, projected interest, time to maturity, etc.). Afterwards, the A.I. system will automatically select loans that meet your specified criteria and invests in available funds continuously. You can alter the settings or stop the portfolio at any time by visiting the Auto Invest portfolio list in your account.

You can check your investment portfolio at any time from the My Investment page or check the Account Statement page for full information on account transactions.

Auto Invest loans are marked with the symbol.

What is the buyback guarantee?

If you decide to stop investing in the selected loan and sell the investment (at any time before the scheduled full payment date), Fast Invest will buy back your investment in 1 business day, guaranteed.

To sell your investment, just log in to your Fast Invest account, click the My Investment section, select the loan you would like to sell and click “sell”. After the Account Management Support Team has approved it, you will receive the funds in your Fast Invest investors account.*

*Note: always remember, when selling your investment ahead of time you will lose all interest earned through the process. However, you will get your invested funds back. An icon indicates these payments secured by the BuyBack Guarantee.

What is the default guarantee?

If a payment instalment is overdue by 3 (three) or more days, the Default Guarantee will settle the arrears. The icon will mark these payments as paid by the Default Guarantee.

On the Fast Invest platform, there are no investment limits for individual investors. You can start investing with 1 Euro.

How does the currency exchange work?

The Fast Invest platform supports 4 fiat currencies – European Euro (EUR), United States Dollar (USD), United Kingdom Pound (GBP) and Polish Zloty (PLN).

The currency exchange is a simple and easy process.

  1. On the exchange page, select which currency you want to convert to.
  2. Enter the desired amount in one of the input fields.
  3. Confirm the transaction.

Currency exchange rates are calculated via rates from the European Central Bank.

Metroktredit loan originator from Russia just joined Mintos peer-to-peer lending marketplace

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

Mintos logo

There are now even more opportunities for investment on Mintos as Metrokredit has just launched on the marketplace and offers its short-term loans for investment in Euro (EUR).

Metrokredit was established in 2017 in St Petersburg, Russia and it is regulated by the Central Bank of Russia. The company offers short-term loans in RUB of up to RUB 30 000 to citizens of Russia. Metrokredit offers its borrowers a fast and convenient service. All loans are issued solely online via their website and for first-time borrowers, they can receive a loan in just five minutes once approved. For repeated borrowers the time is even shorter – they can have funds in their account in only one minute. The approval process is also very fast as the company uses an advanced self-developed scoring model. This allows the company to evaluate the creditworthiness of a borrower within 10 minutes. It is because of this fast and friendly service that the company has already attracted more than 14 000 customers.

The average Russia-issued short-term loan the company has placed on Mintos is around EUR 112. The repayment period is 30 days and borrowers repay their loan in a single instalment. You can expect net annual returns of up to 13% for its loans listed in EUR.

All loans placed on Mintos by Metrokredit have a buyback guarantee and will be repurchased if the loan is delinquent for 60 days or more. The company will also keep 15% of each loan it places on the marketplace to maintain its skin in the game.

As of May 30, 2018, Metrokredit had a net loan portfolio of EUR 725 000. Since its establishment, it has originated 21 000 loans worth more than EUR 2.2 million. The company has a steadily growing revenue increasing monthly by 25 to 50%.

This is a great opportunity to diversify your portfolio and invest in Metrokredit’s loans listed in EUR .

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