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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).

The Mogo cashback campaign on Mintos p2p lending marketplace has been extended until June

By MPI16th May 2018News, Peer-to-Peer Lendingcashback, investing, Mintos, Mogo, peer-to-peer lending

Mogo is yet again extending its cashback campaign on Mintos peer-to-peer lending marketplace! Now, until June 16, 2018, you can earn a cashback of up to 5% if you invest in its loans with a maturity of one year or more.

You will 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.

To be eligible for the cashback campaign, make sure you enrol in the campaign first before you make your investments.

Only investments made on the Mintos primary market qualify.

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

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.

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.

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.

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.

Mogo is first on Mintos P2P marketplace to offer investments in GBP

By MPI27th November 2017News, Peer-to-Peer Lendingcar loan, GBP, invest, Mintos, Mogo, peer-to-peer lending, Poland

Great news for investors looking to invest in British pounds (GBP)! Non-bank car loan provider Mogo now lists its loans issued in Poland in GBP on the Mintos marketplace. GBP is the eighth currency investors can invest in through Mintos.

“Seeing the rapidly growing number of investors from the United Kingdom and the high demand for loans listed for investment in GBP on Mintos, we decided to list our loans from Poland also in GBP. We are sure this move will be beneficial for investors on Mintos and our business, as well,” says Māris Kreics, CFO of Mogo Finance.

Mogo loans available on the Mintos marketplace for investment in GBP will be the same as Poland-issued loans already listed on Mintos in PLN. Loans will range from GBP 254 to GBP 7 350, with a repayment deadline of 6 to 48 months. The annual net return to investors will range from 8.5% to 13%. Mogo will offer a buyback guarantee for loans that are delinquent for more than 60 days. The loan originator will retain at least 5% of each loan placed on the Mintos platform on its balance sheet as its skin in the game.

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 EUR 75 million through the marketplace. To date, the average net annual return offered for Mogo loans has been above 12%.

With a total of more than EUR 300 million in loans originated since the company was founded in 2012, Mogo Group is the largest non-bank car loan provider in the region, with operations in Latvia, Lithuania, Estonia, Georgia, Poland, Bulgaria, Romania, Armenia and Moldova.

The aggregate net loan portfolio of Mogo Group is more than EUR 90 million. Mogo Group has demonstrated consistent profitability. Last year, it generated EUR 6 million in net profit, and projects a net profit of EUR 10 million for 2017.

Investing in GBP on Mintos

There are two ways to invest in GBP loans on Mintos: by transferring GBP directly to your investor’s account on Mintos or by converting your currency into GBP on the Mintos marketplace.

Mogo adds loans from Bulgaria to the Mintos marketplace

By MPI21st August 2017News, Peer-to-Peer LendingBulgaria, car loans, Mintos, Mogo, Mogo Group, peer-to-peer lending

Non-bank car loan provider Mogo continues strengthening its presence on the Mintos marketplace by adding Mogo car loans issued in Bulgaria to its offering to investors. Bulgaria is the sixth Mogo Group market represented on Mintos.

Mogo is one of the top loan originators on the Mintos marketplace. Mogo joined Mintos in March 2015, and has since funded car loans worth EUR 56 million through the marketplace. To date, the average net annual return offered for Mogo loans has been above 12%.

The new loans Mogo will place on the Mintos marketplace will range from EUR 500 to EUR 10 000, with a repayment period of up to 72 months. The average net annual return to investors will range from 8 to 14%.

Loans with and without the buyback guarantee will be offered. Mogo Group has committed via a Letter of Comfort to provide additional intragroup funding to Mogo Bulgaria, if its needed to meet obligations to investors.

To retain its skin in the game, Mogo will keep at least 5% of each loan placed on the Mintos marketplace on its balance sheet.

The typical Mogo customer is an economically active person with a stable income for whom comfort, mobility and time are important factors in their daily life.

The aggregate net loan portfolio of Mogo Group was EUR 80 million as of June 2017. It has EUR 12 million in equity and EUR 90 million in assets. Mogo Group has demonstrated consistent profitability. Last year, it generated EUR 6 million in net profit and projects to generate about EUR 10 million in net profit in 2017. Mogo Group is audited by PwC.

Mogo Group currently employs more than 200 people, while the number of active customers exceeds 35 000. See more information about the performance of Mogo Group in this presentation.

If you use Auto Invest on the Mintos marketplace and want to invest in Mogo loans issued in Bulgaria, make sure to adjust your Auto Invest settings accordingly.

Mogo offers loans from Romania on the Mintos marketplace

By MPI16th August 2017News, Peer-to-Peer Lendingcar loans, Mintos, Mogo, peer-to-peer lending

Non-bank car loan provider Mogo has added car loans issued in Romania to its offering on the Mintos marketplace. Thus, Romania is the the fifth Mogo Group market represented on Mintos, alongside Estonia, Latvia, Lithuania and Poland.

Mogo is one of the top loan originators on the Mintos marketplace. Mogo joined Mintos in March 2015, and has since funded car loans worth EUR 54 million through the marketplace. To date, the average net annual return offered for Mogo loans has been 12.3%.

Loans with and without the buyback guarantee will be offered. Mogo Group has committed via a Letter of Comfort to provide additional intragroup funding to Mogo Romania, if needed to meet obligations to investors.

To retain its skin in the game, Mogo will keep at least 5% of each loan placed on the Mintos marketplace on its balance sheet.

The typical Mogo customer is an economically active person with a stable income for whom comfort, mobility and time are important factors in their daily life.

The aggregate net loan portfolio of Mogo Group was EUR 80 million as of June 2017. The company has EUR 12 million in equity and EUR 90 million in assets. Mogo Group has demonstrated consistent profitability. Last year, it generated EUR 6 million in net profit.

Mogo Group currently employs more than 200 people, while the number of active customers exceeds 35 000.

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