Tag Archives: Kazakhstan

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

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

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

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

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

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

Investments made through Mintos into ID Finance’s Kazakhstan-issued loans gain 10 % yield in one and a half months

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Investors who used Mintos to invest in the loans of ID Finance Kazakhstan, denominated in Kazakhstani tenge, received returns in EUR terms 7.2% above the declared rate due to appreciation of the Kazakhstan tenge (KZT) against the Euro (EUR). Moreover, investors received a 17% annual interest as investment earnings – one of the highest rates on Mintos. This return rate is normally 10.5% for investments in EUR.

ID Finance Kazakhstan has been working with Mintos since April 12, 2018. In one and a half months, the exchange rate of KZT against the EUR has increased by 7.2%. This means that investors at Mintos gained almost a 10% holding period yield.

“The high yield of this instrument is explained by fundamental factors: the main force behind the growth of the KZT is oil prices, which have been increasing throughout the whole year, and this is a long-term trend,” explains Alexander Pak, CFO of ID Finance in Kazakhstan.

He adds that the advantage of investing in KZT is that alongside a high nominal yield investors may gain optional profits due to currency appreciation.

Alexander Pak says that by using Mintos, ID Finance is planning to fund loans worth EUR 6 million on an outstanding basis before the end of the year, with 40% of that sum in the national currency of the Republic of Kazakhstan.

The historical performance of KZT does not predict its movements in the future and the FX gain is not in any way predictable or even more so guaranteed.

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

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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).

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

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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%.

ID Finance offers more investment opportunities from Spain on Mintos p2p marketplace

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Mintos announce that, starting today, ID Finance will be offering the opportunity to invest in Spain-issued personal loans with repayments in several instalments. This is in addition to the ID Finance short-term loans from Spain and personal loans from Georgia already offered on Mintos.

ID Finance Group is pioneering fintech in emerging markets. Founded in 2012, the company is now the largest online consumer lender in the CIS region and a leading one in Europe. The group operates in Spain, Kazakhstan, Georgia, Poland, Russia, Brazil, and Mexico. In Spain, ID Finance issues loans under its MoneyMan brand.

For consumer loans, borrowers usually take out larger sums of money with longer repayment terms. This gives investors the opportunity to lock-in the interest rate on their investment for a longer period of time. New Spain-issued loans from ID Finance will range from EUR 50 to EUR 1 200 with a repayment period of up to four months. Investors can expect a return of up to 11% per year.

ID Finance will offer a buyback guarantee for loans delinquent more than 60 days. To align its interests with those of investors, the company will keep at least 5% of each instalment loan placed on the Mintos marketplace on its balance sheet.

Since its inception in 2012, ID Finance has issued more than 1.126 million loans worth USD 240 million. In 2016, the company issued loans worth USD 92 million and generated USD 68 million in revenue, a 222% year-on-year growth. In the first half of 2017, the company had a revenue growth of 82% following a successful expansion into the Brazilian online lending market. The company has been profitable since 2015.

ID Finance has more than 4 million registered customers. In the first 9 months of 2017, ID Finance has issued more than 550 000 loans worth USD 134 million.

The MoneyMan brand was founded in Spain in 2015 and aims to make the financing market simpler, more accessible, and more transparent. Following the establishment of its operations in Spain, ID Finance moved its headquarters to Barcelona in 2016, underlining the importance of the company’s Spanish operations.

Since ID Finance joined Mintos in March 2017, more than EUR 6.3 million in ID Finance loans have been funded through the marketplace.

If you use Auto Invest on Mintos and want to invest in new ID Finance loans issued in Spain, be sure to adjust your Auto Invest settings accordingly.


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