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

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

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

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

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

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

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

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

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

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

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

ExpressCredit from Botswana joins the Mintos p2p lending marketplace

By MPI6th March 2018News, Peer-to-Peer LendingBotswana, buyback guarantee, consumer lending, ExpressCredit, Mintos, personal loans

A new loan originator from Botswana has just joined the Mintos marketplace. Now you can invest in Botswana-issued personal loans by ExpressCredit and enjoy returns of up to 14%.

ExpressCredit is an innovative consumer lending company which endeavours to give its clients a personal approach through its four branches in Botswana, with more branches to be opened in 2018. Established in 2015, ExpressCredit (Proprietary) Ltd. was licensed in January 2017 by the local Botswana regulatory body, Non-Bank Financial Institutions Regulatory Authority.

ExpressCredit primarily distributes its loans to employees of the Botswana Primary Teachers Union. The company has a special agreement with the union, so all repayments are debited directly from the borrower’s salary. Due to this repayment set up, the expected default rate for ExpressCredit loans is less than 5%.

“ExpressCredit is pleased to join one of the best marketplaces for loans in the world. With a population of two million and a stable economy, Botswana offers a strong, low risk crediting environment. Our partnership with Mintos and continuous investments in technology, branch network and people will ensure our growth in the market achieving our strategic goal to become one of the top micro-financing companies in Botswana,” says Dineo Saleshando, CEO of ExpressCredit.

The average Botswana-issued personal loan from ExpressCredit is around EUR 2 000. The average repayment period is five years and borrowers repay the loan in monthly instalments.

Initially, ExpressCredit will offer the opportunity to invest in loans issued to salaried government employees only. In the future, ExpressCredit also plans to offer you the opportunity to invest in other types of loans from Botswana as well, such as shorter-term consumer loans, open market loans and pensioner loans already being issued by the company.

All loans from ExpressCredit on Mintos are secured with a buyback guarantee and will be bought back by the company if they become delinquent for more than 60 days. In addition, the company will maintain 15% of each loan placed on the marketplace on its balance sheet.

As of January 2018, ExpressCredit had a total loan book size of more than EUR 3.3 million. The company has more than doubled its revenue from the third quarter to the fourth quarter of 2017. The company is continually looking at opportunities for innovation and increasing its ability to cater for all of its customer’s needs.

As ExpressCredit’s target market is largely government employees who receive a regular salary, the branches are strategically located in key demographic areas to cover the majority of government employees across Botswana. The company has established a large direct sales agent network with more than 140 employees, which allows it to offer a personal approach when distributing loans. It also ensures the experience for customers is efficient and allows the company to demonstrate strong Know Your Customer (KYC) standards.

Borrowers take out a loan from ExpressCredit for a variety of reasons, including the purchase of land, cars and buildings and also for housing renovation.

First loan originator from the United Kingdom launches on Mintos

By MPI27th February 2018News, Peer-to-Peer Lending1pm, business loans, FCA, GBP, Mintos, SMEs, UK

The first British loan originator launches on Mintos. 1pm is an FCA accredited non-bank finance provider which is publicly listed on the AIM market on the London Stock Exchange. The company provides various loan types to small and medium enterprises (SMEs) in Britain. On Mintos 1pm now offers business loans for investment in British pounds (GBP), and you can enjoy a net return of up to 11%.

1pm was founded in 2000 and listed on the London Stock Exchange in 2006. The company is dedicated to helping the United Kingdom’s economy grow by providing finance to businesses. It offers many finance solutions to SMEs within the United Kingdom including asset and vehicle finance, hire purchase, commercial loans and invoice financing.FCA,

1pm currently operates from eight sites across the United Kingdom. The company employs 170 people and has more than 16,000 small businesses as clients. 1pm offers its customers great flexibility, high-quality service and a personal approach. Based on customer surveys 1pm is seen as flexible, personal, trusted and fair.

“An important part of our strategic growth plan is to harness the benefits of financial technology. By joining the Mintos marketplace, we will now be able to accelerate the amount of loans that are originated by our business and to access retail global investors efficiently, a funding source that would be unavailable to us without this digital capability,” says CEO of 1pm plc Ian Smith.

1pm business loans from the United Kingdom on Mintos range from GBP 3 000 to 50 000. The repayment period is from 3 months to 5 years. Investors can expect a yearly net return of up to 11%.

1pm will maintain 10% of each loan placed on Mintos on its balance sheet. Loans from the company have a low level of risk, historically net bad debt has been less than 1% of its total loan portfolio. All loans from 1pm are secured with a personal guarantee from the owner or director of the company which the loan is provided.

1pm has a total lease, loan and invoice finance portfolio of GBP 130 million. The interim financial results for the six-month period that ended on 30 November 2017 for 1pm plc showed the group’s revenue increased by 74% to GBP 13.9 million. Profit before tax for the group increased by 77% to GBP 3.6 million.

According to the UK Alternative Finance Industry Report, the alternative finance market grew by 43% between 2016 to 2017. The alternative lending industry in the United Kingdom has become an essential way for SMEs to access funds. Currently, there are around 5.5 million SMEs in the United Kingdom which employ about 15.6 million people according to BEIS Business Population Estimates. During 2016 the alternative lending industry provided an equivalent of 15% of all new loans lent to small businesses by United Kingdom banks.

“The United Kingdom has one of the largest alternative finance markets in the world. We are very excited to have expanded Mintos into this geography by launching 1pm on the marketplace. The company is a great addition and offers investors on Mintos a new geography and further opportunities in GBP investments. We look forward to this partnership with 1pm and to seeing further partnerships arise in this market,” says Martins Sulte, CEO and Co-founder of Mintos.

Don’t miss out on this fantastic opportunity and invest in Britain-issued business loans from 1pm now!

Mintos becomes a member of the Spanish Fintech and Insurtech Association

By MPI22nd February 2018News, Peer-to-Peer Lendingfintech, Mintos, Spain, Spanish Fintech and Insurtech Association

Mintos is now a member of the Spanish Fintech and Insurtech Association. The association aims to create a supportive environment for fintech and insurtech companies in Spain and strengthen the growth of the fintech industry.

The association achieves its goals through extensive research that leads to projects facilitating the creation of good practices in the industry and making it more dynamic. It is the voice of the fintech industry in Spain, and its goal is to achieve a more favourable regulatory framework that suits the demand of the modern environment and facilitates growth and development.

“We are proud to be a part of this community and to contribute to the development of the fintech industry in Spain. On Mintos, Spain is one of the target markets both in regards to investors and loan originators. Being a member of a dedicated association we will now be more involved in national events and the progress of Spanish fintech regulation. We are looking forward to the opportunities this partnership will facilitate,” says Martins Sulte, CEO and Co-founder of Mintos.

Currently, four loan originators on Mintos offer investment opportunities in consumer loans from Spain: Creditstar, Dindin, EuroOne and ID Finance. To date, around EUR 19 million has been invested in Spain-issued loans on Mintos.

The Mintos website is fully available in Spanish and Spanish-speaking investors can receive full customer support and communications in their native language.

Mintos exceeds half a billion euro in investments and continues to lead in Europe

By MPI18th February 2018News, Peer-to-Peer Lendingbillion, Europe, investment, milestone, Mintos

Another significant milestone has been met by the Mintos marketplace for loans – in three years since its establishment, it has exceeded the half a billion euro mark in cumulative investments by investors. According to Altfi Data, Mintos currently is the leading player in the peer-to-peer lending market in Continental Europe with 39% of market share.

About EUR 1.5 million is invested in loans through Mintos daily, which is three times more than just a year ago. The average historic net annual return for investors over the past three years has been 11.9%.

Mintos is growing fast, which is reflected in the rapid expansion on both sides of the marketplace. On the investor side, about 3 500 new investors join Mintos each month. As of February 2018, there are 50 000 investors from 65 countries on the Mintos marketplace.

On the supply side of the marketplace, there are 35 loan originators from 21 countries on four continents – Europe, Asia, Africa and South America. This makes Mintos the world’s largest marketplace of its kind.

Martins Sulte, CEO and Co-founder of Mintos says: “We are proud of the results achieved so far and look forward to continued growth. We anticipate the size of our company, the number of loans and loan originators on our marketplace will grow significantly over the next few years, offering our investors even greater opportunities for great returns and diversification within a single marketplace. Our goal is to provide a free movement of capital that works for the benefit of investors and borrowers.”

Mogo cashback campaign extended on Mintos p2p lending marketplace

By MPI18th February 2018News, Peer-to-Peer Lendingcashback, investment, loans, Mintos, Mogo

Do you want to get a cashback of up to 5%? Mogo has seen how much investors on Mintos have been enjoying its cashback campaign, so the company has extended it by an extra month.

Now, until March 16, 2018, if you invest in Mogo loans with a maturity of four years or more you can get a cashback of up to 5%! You will get an instant cashback of:

– 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.

Make sure you enroll in the campaign before you make your investments.

Only investments made on the primary market qualify.

Mogo is one of the top loan originators on the Mintos marketplace. The company joined Mintos in March 2015 and has since funded car loans worth about EUR 100 million through the marketplace. On February 7, 2018, Mogo successfully attracted EUR 10 million via a bond issue.

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

Mintos expands into Latin America by offering loans from Colombia

By MPI13th February 2018News, Peer-to-Peer Lendingbuyback guarantee, Colombia, Latin America, Mintos, RapiCredit.com, Short-term loans

Mintos adds the fourth continent, Latin America, to its geographical diversity by adding a new loan originator from Colombia. RapiCredit.com has joined the marketplace and for the first time, you can now invest in Colombia-issued short-term consumer loans with returns up to 13%.

“RapiCredit.com joining Mintos is a great achievement. With this addition, Mintos now offers loans from four different continents and 21 countries. Latin America’s alternative finance industry is growing rapidly, and we could not be happier to start on this continent with Colombia. Colombia is presently one of the first fintech hubs in the region and has one of the most comprehensive legal frameworks. We look forward to exploring this market further, and we are glad to offer this new opportunity to our investors,” says Martins Sulte, CEO and co-founder of Mintos.

RapiCredit.com is a front-runner in the online lending industry in Colombia and started its operations in April 2014. The company’s business model is built on its flexible, quick and hassle-free model to supply loans to borrowers using different online channels. The company was the first to launch a Facebook credit bot in the region. Rapicredit.com is committed to being transparent towards its customers, and this can be seen in its services – there are no hidden charges, fine print or unexpected costs.

“Rapicredit.com is helping Colombia’s growing middle class to avoid informal loans and create a credit history. More than 20 million people in this country are underbanked and underserved. Through the intelligent use of technology, we are helping young Colombians with fast and easy short-term loans to help them pay for unforeseen expenses such as caring for children, helping a family member or to pay unexpected costs,” says Daniel Materon, CEO of Rapicredit.com.

Colombia-issued short-term loans from RapiCredit.com on Mintos range from EUR 30 to EUR 160. The expected net annual return for investors is up to 13%. The repayment average period is 32 days and the company ensures all loans that are delinquent for more than 60 days will be bought back. Historically, non-performing loans for RapiCredit is below 10%. The company will maintain 5% skin in the game.

The alternative finance industry in Latin America is expanding quickly. In 2016, the industry in Colombia experienced rapid growth, from $334 thousand in 2015 to $11.2 million in 2016, representing a growth of 3 257%. The market has been driven predominantly by balance sheet consumer lending.

First loan originator from Armenia – Varks.am – joins Mintos p2p lending marketplace

By MPI12th February 2018News, Peer-to-Peer LendingArmenia, buyback guarantee, Mintos, Mintos OU, Short-term loans, Varks.am

The first loan originator from Armenia has just joined Mintos! Varks.am is one of the leading alternative lending companies in the country and now offers short-term consumer loans for investment on the Mintos marketplace. Loans from Varks.am are listed in euro (EUR) with expected returns of 13%.

Established in 2016, Varks.am is a universal credit organisation that offers its customers fast and easy access to funds through an effective application process. Clients can receive their loan from the company in cash after applying at one of the 30 branches the company has across Armenia.

Varks.am has more than 180 qualified and dedicated employees and a reliable client identification process which involves meeting all clients in person. Currently, Varks.am offers consumer loans, however, the company plans to expand the loan types issued to include business, pawnbroking and mortgage loans in the future.

Armenia-issued short-term consumer loans on Mintos from Varks.am range from EUR 17 to 420. The average repayment is 30 days and borrowers repay the loan in a single instalment. You can expect a yearly return of up to 13%.

All loans from Varks.am that are delinquent for 60 days will be secured with a buyback guarantee by its parent company. In addition, Varks.am will keep 10% of all loans placed on Mintos on its balance sheet – to ensure its interests are aligned with those of investors.

“We are truly excited to add Varks.am to the marketplace. Armenia is the 20th country on the marketplace and we are pleased to offer our investors the opportunity to invest in short-term consumer loans in a new geography,” says Martins Sulte, CEO and co-founder of Mintos.

Varks.am is a licensed financial institution that is governed by the Central Bank of Armenia. As of December 31, 2017 the company had a net loan portfolio of more than EUR 6.5 million. The company is steadily growing its customer base and its priority is to maintain a balanced growth through special offers whilst also focusing on its loyal customers.

The average customer of Varks.am is a 26 to 30-year-old male who is seeking a loan to cover unexpected expenses and make small purchases. Clients appreciate that Varks.am has many branches throughout Armenia, so a branch is never too far away. The company serves its clients very quickly and effectively, creating convenient lending conditions for its customers.

To obtain exposure to Varks.am loans, investors will be able to invest in loans issued by Mintos OU to Varks.am, where repayments depend on the final borrower’s payments. Each loan issued by Mintos OU to Varks.am will be pegged to a respective loan issued by Varks.am to the final borrower. Mintos OU is a Mintos group company.

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

By MPI6th February 2018News, Peer-to-Peer LendingCentral Asia, EUR, Kazakh Tenge, Kazakhstan, Kredit24, KZT, Mintos, Short-term loans

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%.

InviPay from Poland joins Mintos p2p lending marketplace and offers to invest in invoice financing

By MPI6th February 2018News, Peer-to-Peer Lendingbuyback guarantee, EUR, inviPay, Invoice Financing, micro factoring, Mintos, peer-to-peer lending, PLN, Poland

A new invoice financing provider from Poland joins Mintos. InviPay is the leading non-bank micro factoring fintech institutions in Poland. The company offers to invest in invoices in both euro (EUR) and Polish złoty (PLN) on Mintos with expected annual returns of 10%.

Established in 2015, InviPay is a market leader in innovation in Poland for invoice financing. InviPay is one of the few invoice financing companies in Poland to be completely online and supplies its services to small and medium-sized businesses through its website and user-friendly inviPay mobile app. InviPay provides factoring services to the businesses – issuers of the invoice – and takes over the servicing of the invoice. This means the purchaser of the service or goods will repay the invoice directly to inviPay. The application process is fast and flexible and customers can receive funds in approximately two hours, from downloading the app to having the funds in their account.

“In Poland, there are almost two million small and medium enterprises and they contribute to more than a half of Polish GDP, however, 81% of these companies experience a delay with receiving payments on time. InviPay plays a significant role for them to help close the financing gap. This is why we decided to join Mintos as the demand for our micro factoring products is increasing rapidly. By joining the Mintos marketplace we want to open a new flexible capital source so we can finance more clients and widen our market share in Poland, and then later abroad,” says Marcin Pasenik, CEO of inviPay.

InviPay has listed invoices on Mintos in two currencies – EUR and PLN. The average Poland-issued invoices are EUR 750 and PLN 4 900. The average repayment period in both currencies is 45 days. You can expect a yearly return of up to 10% for all invoices from inviPay.

All inviPay invoices listed in EUR and PLN that are delinquent for more than 60 days are secured with a buyback guarantee. The company will retain 10% of all invoices placed on Mintos on its balance sheet.

InviPay is one of the fastest growing factoring companies in Poland. In 2017 alone, the company’s turnover tripled in comparison to 2016. Since its inception, the total amount financed is more than EUR 50 million. In the past two years, inviPay has made nearly 75 000 transactions, and in 2017 experienced a 126% year-on-year growth in transactions from 2016.

Since its inception, the company has provided its invoice financing services to more than 3 000 clients and it is the exclusive provider of micro factoring services to the clients of three major players in the Polish banking industry – ING Bank, Alior Bank and Bank Pocztowy. The inviPay app is integrated with over 30 different databases from data collection companies which contain information about borrowers. This allows a potential client to be verified within 30 seconds. The company also has a highly-skilled risk department, that can assess clients that require individual attention.