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

By MPI12th April 2018News, Peer-to-Peer Lendingbuyback guarantee, EUR, ID Finance, investment, Kazakhstan, KZT, Mintos, peer-to-peer lending, personal loans, Solva

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).

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.

MoneyMetro changes its name to VIZIA

By MPI10th April 2018NewsExpressCredit, Mintos, MoneyMetro, peer-to-peer lending, VIZIA

As of March 26, 2018, the brand MoneyMetro has changed its name to VIZIA. The name of the brand was changed because its consumer lending operations were moved into a fully online environment.

The company believes that brand VIZIA has a better position in the competitive online lending market in Latvia. The name change of MoneyMetro to VIZIA will have no effect on loans issued under the MoneyMetro brand.

If you currently invest on Mintos peer-to-peer lending marketplace in loans from MoneyMetro your investments will automatically update with the new name.

VIZIA (previously MoneyMetro) is fully owned by ExpressCredit Group, the leading consumer financial services chain in Latvia. ExpressCredit was founded in 2009. Operating under different brands, including Banknote and VIZIA, it has become a trusted partner for more than 300 000 borrowers across Latvia.

Source: Mintos.com

Mogo has expanded its cashback campaign on Mintos p2p lending marketplace

By MPI10th April 2018News, Peer-to-Peer Lendingcampaign, cashback, Mintos, Mogo, peer-to-peer lending

Mintos have great news for the investors who have been enjoying Mogo’s cashback campaign! From April 5, 2018, until April 16, 2018, Mogo has expanded its cashback campaign and now offers you the opportunity to earn a cashback of up to 5% if you invest in its loans with a maturity of one year or more.

You will now get a cashback of:

– 1% for investing in Mogo loans with a maturity of 12 to 23 months;

– 2% for investing in Mogo loans with a maturity of 24 to 35 months;

– 3% for investing in Mogo loans with a maturity of 36 to 47 months;

– 4% for investing in Mogo loans with a maturity of 48 to 59 months;

– 5% for investing in Mogo loans with a maturity of 60 months or more.

If you have already invested in Mogo’s cashback campaign, your account will be automatically updated.

If you haven’t participated in Mogo’s campaign, then make sure you enrol in the campaign first before you make your investments.

Only investments made on the primary market qualify for this campaign.

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

Debifo tripled the number of its clients in 2017

By MPI10th April 2018News, Peer-to-Peer LendingDebinfo, Invoice Financing, Mintos, peer-to-peer lending

In 2017, the invoice financing company Debifo earned even more trust from both clients and investors – the company improved all key performance indicators and attracted new clients, thus becoming the largest non-bank invoice financer in Lithuania by the number of clients.

The number of Debifo clients grew from 50 in 2016 to 153 last year. According to Justas Šaltinis, Director of Debifo, active adaptation of services to the needs of small and medium-sized business could be pointed out among the key reasons for this growth.

“Last year, flexibility, transparent price and speed were our key priorities. We approve financing within three days; however, there have been cases when we have approved financing on the same day.

“Our ability to quickly approve financing is particularly appreciated by small companies with the turnover of up to EUR 1 million, yet there has been an increasing interest from larger medium-sized companies,” says Mr Šaltinis.

In total last year, Debifo financed invoices for almost a triple amount than in 2016. The value of invoices financed last year accounted for EUR 20.5 million. The average amount of Debifo financed invoice reached EUR 3500.

Last year, Debifo managed to expand the circle of its clients, attracting much more clients oriented to export markets – in 2017, they accounted for 32 percent of clients, whereas in 2016 – as few as 1 percent. The majority of Debifo clients are from wholesale trade, logistics, medicine, construction and other sectors.

Last year, the company also succeeded in gaining investors’ trust. It signed a financing agreement with the UK investment fund Advance Global Capital (AGC), reached 4500 investors on the peer-to-peer lending Mintos marketplace. At the end of the year, Debifo controlled an active portfolio of EUR 3 million.

“Conclusion of an agreement with AGC, which is one of the key players in the non-bank factoring market, is an important step in guaranteeing uninterrupted financing from a reliable partner as well as proof that we have been gaining more trust and recognition in the international market,” notes Mr. Šaltinis.

Last year, Debifo was also recognised as the TOP Company in the assessment of business credibility implemented by Rekvizitai.lt. This recognition, achieved by as few as 5 per cent of the most credible and economically stable companies, is highly significant for innovative and ambitious business. The award of the TOP Company is not the first achievement of Debifo. In 2016, Debifo won the award of the financial service of the year in the Service of the Year competition organised by the Lithuanian Business Confederation (LBC). The company has also been mentioned among 5 most promising financial sector start-ups in the prestigious business publication Forbes.

Source: Mintos.com

Varks.am attracts long-term capital that will provide additional security for Mintos investors

By MPI10th April 2018News, Peer-to-Peer Lendingcapital, Mintos, Short-term loans, Varks.am

Varks.am shareholders have decided to increase the registered share capital of Varks.am from AMD 455 to AMD 600 million (the equivalent of approximately EUR 1 million). The increase of share capital will result in larger equity and raise the financial stability of the company. Share capital changes will be registered in the following weeks.

In addition, Varks.am concluded a subordinated loan agreement amounting to EUR 1.5 million. The subordinated loan agreement will stay in place to ensure at least a 15% Equity ratio for Varks.am, ensuring a stable and balanced growth of the company. This confirms Varks.am shareholders long-term commitment and provides extra security for investors on Mintos investing in the company’s short-term loans.

In addition, Varks.am is expanding its operations in Armenia. The company has opened two new branches in 2018 and a further four branches are planned to be opened during the next five months ensuring a wider presence across Armenia. The expansion will allow the company to cover Yerevan as well as most of the largest regional cities in Armenia.

According to customer feedback clients of Varks.am appreciate its wide network coverage through its branches. This is because Varks.am is located near them, serves clients very quickly and effectively and the lending conditions are very convenient for customers. This ensures a high level of customer satisfaction and a growing number of repeat clients.

Varks.am joined Mintos in February 2018 and offers its Armenia-issued short-term loans with an average repayment period of 30 days. Since its launch, more than EUR 10 million has been invested into its loans by investors. As of February 28, 2018, the company had a net loan portfolio of more than EUR 10.8 million. Currently, Varks.am issued short-term loans with a duration up to 30 days are offered to investors on Mintos with attractive rates of up to 14%. This provides a premium fee for high liquidity investments.

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

By MPI22nd March 2018News, Peer-to-Peer Lendingbuyback guarantee, EUR, kuki.pl, Mintos, online, PLN, Poland, Short-term loans

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.

Credissimo, Award-winning loan originator from Bulgaria, has launched on Mintos p2p lending marketplace

By MPI22nd March 2018News, Peer-to-Peer Lendingbitcoin, Bulgaria, buyback guarantee, consumer loans, Credissimo, Mintos

There are now even more investment opportunities on Mintos as the leader in the online lending market in Bulgaria, Credissimo has launched on the marketplace. The company offers you the chance to invest in its consumer loans with great net annual return rates of up to 12%.

Credissimo is a European fintech group founded in 2007 that utilises innovative proprietary technology to provide instant online consumer loans, e-commerce financing and bill payment services. The company is one of the fastest-growing non-bank finance providers in Central and Eastern Europe and it was the first loan originator in Bulgaria to offer full online credit and approval within minutes.

Since its inception, Credissimo has shown it is dedicated to innovation. It was the first company in the world to launch a fully-automated chat for crediting on Facebook Messenger. In May 2017, it was the first lending company to accept Bitcoin from customers to repay their loans. To date, Credissimo has processed over one million credit applications and has a current net loan portfolio of EUR 15 million.

“We are very excited to be part of the Mintos marketplace. Bulgaria’s online finance market is growing rapidly, but there is still a lot of room for further expansion in the country and abroad. Currently, we are rolling out products to new European and Latin American markets as part of our long-term expansionary goals. With our efficient business model and cutting-edge technology solutions, we are confident in our future international success. Our competitive advantage is encoded in our business know-how that we have developed from more than 10 years of experience. In addition, we will continue to foster innovation by expanding our presence in the cryptocurrency world with our new project – Nexo, the world’s first instant crypto overdrafts. ” says Sokol Iankov, CEO and Co-founder of Credissimo.

Bulgaria-issued loans from Credissimo on Mintos range from EUR 100 to 1 000. The repayment period ranges from 30 days to 24 months. You can expect a yearly net return of up to 12%.

To align its interest with those of investors the company will keep 5% of each loan placed on Mintos on its balance sheet. All Credissimo loans are secured with a buyback guarantee and will be repurchased if the loan is delinquent for more than 60 days.

Credissimo has operations in five European countries – Bulgaria, Macedonia, Poland, Romania and Spain – and is a market leader in the online consumer lending industry in two of them. The group has distributed more than EUR 100 million worth of loans since its inception. Credissimo adheres to the highest regulatory requirements and is strictly supervised by multiple European Banking and Financial Services Regulators including the National Bank of Bulgaria.

The socio-demographic profile of Credissimo’s customers is 55% male and 45% female. Its customers are aged between 21 to 45 years, and the highest percentage (35%) of borrowers are between 27 to 38 years old. The company’s customers are people who live in big cities, use the internet every day (mostly accessed from mobile devices), are well educated and the majority have a university degree.

At the 2018 annual business awards by Forbes magazine, Credissimo received the “Financial Sector Innovations” and “Quality of Services” awards. These acknowledgements are a result of Credissimo’s drive to be a leader in innovation whilst maintaining the highest level of customer satisfaction.

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.

Mogo now offers investment opportunities in its personal loans on Mintos p2p lending marketplace

By MPI12th March 2018News, Peer-to-Peer Lendingbuyback guarantee, Latvia, Mintos, Mogo, personal loans

Opportunities for investment in Mogo loans has grown as the non-bank car loan provider now offers Latvia-issued unsecured personal loans for investment for the first time on Mintos. These loans are in addition to the car loans currently available from the loan originator from Bulgaria, Estonia, Latvia, Lithuania, Poland and Romania.

Mogo was established in 2012 in Latvia and is the largest non-bank car loan provider in the region. As of October 2017, Mogo also began issuing personal loans to residents of Latvia and as of February 28, 2018, has distributed EUR 1.8 million worth of loans to customers. Outside of Latvia, the company also has operations in Albania, Armenia, Bulgaria, Estonia, Georgia, Lithuania, Moldova, Poland and Romania. Mogo prides itself on its fast customer service and open communication, which fosters long-term relationships with its customers. As a result, it has more than 40 000 clients worldwide.

The average Latvia-issued personal loan on Mintos from Mogo is EUR 400. The average repayment term is 24 months and borrowers repay the loan in monthly instalments. You can expect an average annual net return of up to 14%.

To maintain its skin in the game, Mogo will keep 5% of each loan on its balance sheet. All Latvia-issued personal 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.

Latvia is the company’s largest and most profitable market. As of December 31, 2017, Mogo Latvia’s net loan portfolio reached EUR 30.6 million, a 22% increase compared to December 31, 2016. In 2017, turnover for the company amounted to EUR 13.7 million. Since its inception, Mogo Latvia has originated more than 33 thousand loans worth EUR 86 million.

The typical borrower for Mogo is aged between 26 to 35 years. They are usually taking the loan to cover unexpected costs such as paying for repair work in the home. Feedback from customers has shown they appreciate the convenience and quick process of applying for a loan from Mogo.

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 joined the marketplace in 2015 and investors have invested more than EUR 105 million in its loans. In terms of total amount funded, Mogo is one of the top loan originators. The company currently offers car and personal loans in three currencies: Euro, British pound and Polish zloty.