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The Mintos Refer-a-Friend Program is back! Get 1% cashback bonus!

By MPI4th July 2018News, Peer-to-Peer Lendingbonus, bonus program, cashback, Mintos, peer-to-peer lending, Promo code, refer-a-friend

Mintos Refer-a-Friend code can not be used on blogs (for general public) anymore, instead please use the affiliate link. If you invest for the first time on Mintos don’t forget that you can get 1% cashback bonus for your investment made in the first 90 days. To get the 1% bonus please use THIS LINK.

Mintos peer-to-peer lending marketplace have re-launched the Refer-a-Friend Program for a limited period of time.

How the program works?

In order to get the 1% bonus a promo code must be entered in the “Promo code” field during registration.

The promo code is: MINTOSCLUB.B7B9D7

Mintos will then reward both us and you with 1% of your invested amount. The reward will be calculated based on your average daily invested balance over a 3-month period – 30, 60, and 90 days after the registration date – and paid in three instalments.

For example, we refer Sara, who starts investing in loans via Mintos marketplace. After 30 days, the average balance Sara has invested over the period is EUR 3 500. Mintos will credit 1% of EUR 3 500 (EUR 35) to our investor account, and another EUR 35 to Sara’s investor account. After 60 and 90 days, Mintos will review the average invested balance again and, if it increases, credit both our and Sara’s investor account accordingly.

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

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

By MPI27th June 2018News, Peer-to-Peer Lendingbuyback guarantee, Central Bank of Russia, EUR, invest, investor, loan portfolio, loans, Metrokredit, Mintos, Russia, Short-term loans

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 .

Simbo.dk joins Mintos and offers for investment short-term loans from Denmark

By MPI25th June 2018News, Peer-to-Peer Lendingbuyback guarantee, consumer loans, DKK, EUR, invest, investors, Mintos, Short-term loans, Simbo.dk, Toms Jurjevs

There are now even more investment opportunities from Denmark on Mintos, as Simbo.dk has just launched on the marketplace. Simbo.dk is one of the leading consumer loan providers in Denmark and now offers for investment its short-term consumer loans listed in euro (EUR) and Danish krone (DKK).

Launched in April 2017, Simbo.dk operates completely online and offers its customers a simple and fast way to receive a loan. The company prides itself on its high-quality customer service, which is reflected in its strong rating of 9.3 out of 10 on Trustpilot. Above all else, Simbo.dk ensures complete transparency with its loans – there are no hidden fees or interest. The efficient application process takes just one minute, and customers can have the funds in their account in 10 minutes.

“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 Simbo.dk to grow at an even faster rate and allow us to reach a larger customer base in Denmark, which is our goal,” says Toms Jurjevs, CEO of Simbo.dk.

Denmark-issued loans from Simbo.dk are listed on Mintos in both EUR and DKK. The average loan from the company on the marketplace is around EUR 500 and DKK 4 300. The repayment term on average is 30 days, and borrowers make their repayments in a single instalment. You can expect a yearly return of up to 13%.

Simbo.dk guarantees the buyback of all loans that are delinquent for more than 60 days. To maintain its skin in the game, the company will keep 10% of each loan placed on Mintos on its balance sheet.

Since its inception, Simbo.dk has experienced strong growth. As of the end of April 2018 the company had a net loan portfolio of EUR 4.1 million.

The rapid growth of Simbo.dk can be attributed to the extensive experience of the management teams within the fintech industry. The founder and CEO of Simbo.dk, Toms Jurjevs, has 8 years experience in top executive positions with online short-term consumer lending market leaders. He has overseen businesses in Latvia, Lithuania, Estonia, Armenia and Romania. In addition, the local Managing Director for the Danish market, Stefan Agergaard Hansen, has executive experience from multiple short-term lending providers including in the peer-to-peer industry. He has overseen operations and business development in Denmark, Norway, Sweden, Spain, Poland and Finland.

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

By MPI21st June 2018News, Peer-to-Peer LendingAlexander Pak, ID Finance, invest, investor, Kazakh Tenge, Kazakhstan, KZT, Mintos, peer-to-peer lending

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.

Placet Group loan originator has launched on Mintos p2p lending marketplace

By MPI19th June 2018News, Peer-to-Peer Lendingbuyback guarantee, Estonia, EUR, investing, investor, Mintos, peer-to-peer lending, personal loans, Placet Group

Placet Group is a leading non-bank credit provider in Estonia that issues secured and unsecured loans to individuals and legal entities with a focus on personal and short-term loans. The group was established in 2005 and launched its first brand on the Estonian market in 2007. Since then the group has launched additional brands in Estonia and started issuing loans in Lithuania in 2011 and Poland in 2015. The group prioritises an individual approach to customers, a high-quality service and operational efficiency and transparency.

Now you have the opportunity to invest on Mintos peer-to-peer lending marketplace in personal loans issued in Estonia. In Estonia, the company issues its loans under its brands smsmoney.ee, smsraha.ee, laen.ee . Take advantage of this great opportunity to earn net annual returns of up to 10% now.

Placet Group is a well-established non-bank finance lender. It started its operations more than a decade ago in 2005 and launched its first brand in Estonia in 2007. Since then, the group has launched more brands in Estonia and started its operations in Lithuania and Poland. It aims to give its customers an individual approach, high-quality and fast service and transparency. These values have attracted over 125 000 unique customers in Estonia.

“We have been watching Mintos for a long time and the marketplace has demonstrated rapid growth and has achieved magnificent success in the investment market. We know success does not come without effort and the team behind Mintos is made up of hard-working professionals. In Mintos, we see a strong, reliable and professional partner in investments and with the help of the marketplace, we plan to increase our market share and also consider the possibility of entering new credit markets,” says Gennadi Krotov, CEO of Placet Group OÜ.

The average Estonia-issued personal loan from Placet Group on Mintos is around EUR 500, the total range of loans from the company on the marketplace is EUR 100 to EUR 7 500. The repayment period ranges from 30 days up to 5 years, although 30 days to one year is the most common repayment period. You can expect a net annual return of up to 10%.

All loans from Placet Group come with the buyback guarantee. This means, if a loan is delinquent for more than 60 days the loan originator will repurchase the loan. The company will also keep 5% skin in the game, to ensure its interests align with those of investors. Placet Group has a history of low delinquency rates. The percentage of its loan portfolio that is delinquent is around 5%.

Placet Group is well capitalised with an equity-to-assets ratio of 73% and since 2007, has disbursed around 550 000 loans in Estonia worth EUR 180 million. At the end of 2017, its net loan portfolio in Estonia amounted to EUR 15 million while achieving a turnover of EUR 6.2 million and a profit of EUR 2 million. The company expects stable growth and profits for future years in its home market.

New investment opportunity on Mintos p2p lending marketplace: Mogo’s Moldova-issued car loans

By MPI18th June 2018News, Peer-to-Peer Lendingbuyback guarantee, car loan, invest, investing, Mintos, Mogo, Mogo Group, Mogo Moldova, peer-to-peer lending

Mogo, the largest non-bank car loan financer in the Baltics, has yet again increased its offering to investors on Mintos! The company has added its car loans from Moldova for investment with expected net annual returns of up to 14% – so don’t miss out!

In terms of loans funded, Mogo is one of the largest loan originators on Mintos. The company was established in 2012 in Latvia and joined Mintos in March 2015 and it currently offers investment opportunities in Bulgaria, Estonia, Latvia, Lithuania, Poland, Romania and now Moldova. The company began issuing loans in Moldova from September 2017. To date, Mogo Moldova has issued 903 loans worth EUR 3.8 million loans in the country. Mogo prides itself on its fast service and open communication, which fosters long-term relationships with its customers, and as a result, it has attracted 821 active clients in Moldova already.

“We have had a very long-standing and fruitful cooperation with Mintos at the Mogo Group level so having also Mogo Moldova on the marketplace is a logical step. We believe this will allow us to increase our operations in Moldova and better serve our clients, whilst also give investors on Mintos more investment opportunities,” says Maris Kreics, Chief Financial Officer.

The average Moldova-issued car loan from Mogo is EUR 4 300, with an average repayment period of 53 months. You can expect net annual returns of up to 14%.

To maintain its skin in the game, Mogo will keep 5% of each loan. All Moldova-issued car loans from the company are secured with a buyback guarantee meaning all loans that are delinquent for 60 days or more will be bought back by Mogo. Some of the equity investors in Mogo and Mintos overlap.

As of December 31, 2017, Mogo Group’s net loan portfolio was more than EUR 100 million, a more than 50% increase compared to December 31, 2016. In 2017, turnover for the company amounted to EUR 40 million. Since its inception, Mogo Group has originated more than 91 thousand loans worth EUR 250 million.

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

By MPI5th June 2018News, Peer-to-Peer Lendingbuyback guarantee, car loans, EUR, GEL, Georgia, invest, investing, Mintos, Mogo, peer-to-peer lending

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).

Mintos p2p lending marketplace named Most Influential Startup at Spanish Fintech Awards 2018

By MPI31st May 2018Newsfintech, Martins Sulte, Mintos, Most Influential Startup, Spanish Fintech Awards 2018

Latvian startup Mintos was named “Most Influential Startup” at the Spanish Fintech Awards 2018. The prize was awarded during the third annual Fintech Unconference, organised by Finnovating business strategy and investment consulting. Over 6,300 votes were registered for the award, with Mintos winning almost half of the votes.

The Fintech Unconference gathered the 100 most important CEOs and founders in the sector, 13 Presidents of Latin American Fintech Associations and representatives from financial supervisors looking for synergy and meetings with other industry players. Three other awards were also handed out with Goin winning “Most Innovative”, Revolut winning “Best Executed Business Model” and EthicHub winning “Startup with Most Social Impact”.

Mintos CEO and Co-Founder Martins Sulte: “We are so proud to win this award, which proves we have truly won the confidence of the public and our investors. Last year was an especially successful year for us, and such awards based on public support show that we are moving in the right direction.”

In more than three years since its establishment, Mintos has exceeded EUR 720 million in cumulative investments by investors and the company expects the amount of loans funded to reach EUR 1 billion by the end of the year.

The number of investors using the platform has reached 61 thousand as of May 2018 and the company expects to reach 100 thousand investors by the end of the year.

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

By MPI29th May 2018News, Peer-to-Peer LendingAlfakredyt, buyback guarantee, EUR, investment, Mintos, PLN, Poland, Short-term loans

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.

The first loan originator from Mexico has launched on Mintos p2p lending marketplace

By MPI23rd May 2018News, Peer-to-Peer Lendingalternative finance, Credilikeme, invest, Mexican peso, Mexico, Mintos, MXN, peer-to-peer lending, personal loans

The Mintos peer-to-peer lending marketplace is continuing to expand rapidly and they launch the first loan originator from Mexico offering loans for investment in Mexican peso (MXN). Credilikeme is one of the most innovative loan originators in Mexico, offering personal loans to Mexican citizens online and through its immersive mobile app which uses gamification features. The company offers investors the chance to invest in its personal loans from Mexico listed in MXN with expected net annual returns of 16%.

Credilikeme was established in 2012 and has issued more than 35 000 loans since then. The company is completely online and issues loans through its website and mobile app. Credilikeme prides itself on its unique business model and aims to provide a lifestyle-like experience with its mobile app.

“Partnerships between fintech companies is all about creating value for the industry. Mintos and Credilikeme are both important parts of the credit distribution value chain. Our partnership is all about liberating loan distribution and underwriting in Mexico, so we can give access to our borrowers and have a positive impact on their lives,” said Jorge Enriquez, Co-founder and CEO of Credilikeme.

Mexico-issued loans on Mintos from Credilikeme range from around MXN 3 700 to 19 000. The repayment period ranges from one to seven months and borrowers repay their loans in fortnightly instalments. You can expect a yearly net return of up to 16%.

The company will maintain 20% of each loan placed on Mintos on its balance sheet to keep its skin in the game, as well as only offer loans from repeat borrowers who have proven to be reliable in meeting their payment deadlines on the marketplace. All loans from Credilikeme come with a buyback guarantee, so loans that may become delinquent after 60 days or more will be bought back by the company.

The typical borrower of Credilikeme is a Mexican citizen aged between 21 and 45. They usually take out a loan for emergency expenses or working capital for a business.

As of February 2018, the company has distributed MXN 100 million (around EUR 4.5 million) worth of loans since its inception. In the past year, it had a revenue of MXN 11 million (around EUR 493 000). The company had an outstanding net loan portfolio of MXN 4.8 million (EUR 215 000) as of January 2018. Credilikeme is backed by well-known companies as investors, including Grupo Kaluz, a large banking and industrial group with operations in Mexico and Credito Real, one of Mexico’s largest offline payroll lenders.

According to the Americas Alternative Finance Industry Report, Mexico accounted for the highest total alternative finance market volume in Latin America and the Caribbean in 2016 (USD 114.2 million). Mexico was the third most active country in this region, following Chile and Brazil and has an annual growth rate of 730%. Marketplace and P2P Business Lending was the largest section of the alternative finance industry in Mexico.