Mozipo Group – Passive income

Mozipo Group now offers to invest in personal loans from Denmark

By MPI24th November 2017News, Peer-to-Peer LendingDenmark, DKK, EUR, Mintos, Mozipo Group, peer-to-peer lending, personal loans

Thanks to Mozipo Group, investors on Mintos now have even more investment opportunities in Denmark. Personal loans issued by Mozipo in Denmark are now available on the Mintos marketplace in euro (EUR), and soon loans in Danish krone (DKK) will be added as well.

Mozipo Group has built a strong reputation for itself since it was established in Lithuania more than a decade ago. Mozipo is known for being a reliable, transparent and responsible non-bank financial institution. The company was one of the first to offer online and SMS credit solutions. Mozipo Group operates in Lithuania, Denmark and Romania, and plans to expand to five more countries in the near future.

Denmark-issued Mozipo Group loans listed on the Mintos marketplace will range from EUR 65 to EUR 945. The repayment period will be up to one year. Investors can expect an annual return of 11%-13%.

Mozipo will offer a buyback guarantee for loans that have been delinquent for more than 60 days. The obligations of Mozipo Denmark will be guaranteed by Mozipo Group. To keep their skin in the game, Mozipo will retain 10% of each loan put on Mintos on their balance sheet.

Mozipo Group has been trusted by more than 230 000 customers. The average borrower of Mozipo is a 36-45-year-old city resident. They have an average monthly income and use the loans to primarily cover daily and unexpected expenses.

Since 2007, the company has issued 660 000 loans worth over EUR 135 million.

Mozipo Denmark started its operations at the end of 2016 and it has attracted over 17 000 clients. Since then, the company has issued more than EUR 3 million worth of loans in Denmark.

Mozipo Group’s business model is based on the use of efficient technologies. The company has developed a unique risk scoring system, reducing the number of non-performing loans issued. In Denmark, the share of non-performing loans is recently below 34%.

Since Mozipo joined Mintos in March 2017, its loans from Lithuania and Romania worth EUR 6 million have been funded through the Mintos marketplace.

Loans issued by Mozipo in Romania now available on Mintos marketplace

By MPI6th October 2017News, Peer-to-Peer LendingMintos, Mozipo, Mozipo Group, Mozipo Romania, personal loans, Romania

Well known for being one of Lithuania’s biggest online consumer lenders, Mozipo Group is expanding their presence on the Mintos marketplace by offering to invest in personal loans issued in Romania.

Mozipo Group has been operating for more than a decade and has established a strong reputation for being reliable, transparent and a responsible non-bank financial institution. Currently, Mozipo Group works in Denmark, Lithuania and Romania, and plans to expand to five additional markets in the near future.

Since Mozipo Group joined the Mintos marketplace in March 2017 with loans issued in Lithuania, more than EUR 5.3 million of those have been funded through Mintos.

“We find Mintos marketplace a convenient and flexible tool to grow the portfolio. We are happy to work with the team of professionals who are aware of the needs of fast-growing fintech companies. So, now that we are confident about funding, we can concentrate on the core business and enter new markets,” says Mozipo Group CFO Aušrius Banaitis.

Romanian-issued Mozipo Group loans on the Mintos marketplace will range from EUR 22 to 3300, with a repayment period of up to five years. The average net annual return to investors is expected to range from 9 to 14%. Initially, the loan originator will list loans in euro; loans denominated in Romanian lei (RON) will be added to the Mintos marketplace soon.

Mozipo Romania will offer a buyback guarantee for loans that are delinquent for more than 60 days. The obligations of Mozipo Romania will be guaranteed by Mozipo Group. The company prides itself on the use of efficient technologies and has a unique risk scoring system, reducing the number of non-performing loans issued. The share of non-performing loans of Mozipo Romania historically is below 20%.

To retain its skin in the game, Mozipo Romania will keep at least 10% of each loan on the Mintos marketplace on its balance sheet.

Since its inception, Mozipo Group has served more than 230 000 customers. The typical client of Mozipo is a 36-45-year-old city resident with an average monthly income. The loans are primarily used to cover daily and unexpected expenses. The company has issued 660 000 loans worth over EUR 135 million.

In 2016, Mozipo Group earned EUR 3.9 million in revenue, with a net profit of EUR 526 000. Their loan portfolio was EUR 9.3 million.

Mozipo Group started operations in Romania in April 2015. Loans worth more than EUR 1 million have been issued to date.

To obtain exposure to Mozipo Romania loans, investors will be able to invest in loans issued by Mintos Finance, a Mintos group company, to Mozipo Romania where repayments depend on the borrower’s payments. Each loan issued by Mintos Finance to Mozipo Romania will be pegged to a respective loan issued by Mozipo Romania to the final borrower. A detailed description of the structure is available in the Mintos Finance loan agreement and assignment agreement.

Reap the benefits of Mozipo Group’s forward-thinking business structure by investing in its loans. If you use Auto Invest on the Mintos marketplace and want to invest in Mozipo loans issued in Romania, make sure to adjust your Auto Invest settings accordingly.

New loan originator on Mintos marketplace – Mozipo Group

By MPI21st April 2017News, Peer-to-Peer Lendingloan originator, Mintos, Moment Credit, Mozipo Group, peer-to-peer lending

One of Lithuania’s biggest online consumer loan lenders has joined the Mintos marketplace! Starting 22/03/2017, Mozipo Group will place short-term personal loans issued in Lithuania under the Moment Credit brand on the platform.

Loans that Mozipo Group will place on the Mintos marketplace are expected to range from EUR 100 to EUR 3 000, with a repayment period of 3 to 36 months. The loan originator will offer investment opportunities in euro (EUR).

The average net return to investors is expected to be around 12%. Mozipo Group will offer a buyback guarantee for loans that are delinquent for more than 60 days. To retain its “skin in the game,” Mozipo Group will keep at least 10% of each loan available on the Mintos marketplace on its balance sheet.

Mozipo Group has been operating for more than ten years. The Group is known in the industry as a reliable, transparent and responsible non-bank financial institution. Currently, Mozipo Group works in Denmark, Lithuania and Romania, and plans to expand to other European countries. The company currently employs more than 60 people.

Mozipo Group issues unsecured personal loans. Since beginning its operations, the Group has served more than 200 000 customers. The company has issued 620 000 loans worth over EUR 125 million. Last year, Mozipo Group earned EUR 3.9 million in revenue, with a net profit of EUR 526 000. Their loan portfolio was EUR 9.3 million. The company plan to issue loans worth EUR 23 million this year.

Mozipo Group’s average client is a 36-45 year old city resident with an average monthly income. Issued loans are primarily used to cover daily and unexpected expenses.

An effective risk scoring system reduces the number of non-performing loans issued, thereby increasing Mozipo Group’s competitiveness in the market.

All of the fundamental and operational business-related processes in Mozipo Group are managed in-house, which ensures high quality service. The Mozipo Group IT department has created a unique self-learning Scoring System as well as an automated Business Management System for Lithuania; these are also easily adapted for other countries.

The company’s mission is to make consumer lending more efficient by using technology to connect money with people in the simplest and fastest way possible.