Tag Archives: Poland

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

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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.

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

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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.

 

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

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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.

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

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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.

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Capital Service joins the Mintos marketplace

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New loan originator from Poland joins the Mintos marketplace! Capital Service has joined Mintos and, starting 23/03/2017, will place installment loans issued on- and offline in Poland on the platform.

Capital Service operates the second-largest non-bank lending branch network in Poland. The company  was founded in 1999 and has accumulated significant experience in consumer lending over the past 18 years. Capital Service loans placed on the marketplace will range in size from EUR 250 to EUR 3 600, with a repayment deadline of 3 to 48 months. The net annual return is expected to range from 10% to 12%. For each loan placed on the Mintos marketplace, Capital Service will retain at least 10% on its balance sheets – part of its “skin in the game.” Capital Service will offer a buyback guarantee for loans that are delinquent for more than 60 days.

Investment opportunities from Capital Service will be offered in euro (EUR) and Polish zloty (PLN).

Capital Service employs more than 430 people. Since beginning operations, it has gained more 51 000 active customers. Last year, Capital Service had a revenue of EUR 19.2 million, with profit before tax slightly above the EUR 1.8 million mark. Its equity stood at EUR 5 million at the end of 2016. The share of loans overdue by more than 60 days in the company’s portfolio is 7.5%.

Capital Service’s mission is to provide customers with simple access to cash – quickly, conveniently, at any time, in any place and at a reasonable cost. The company uses the newest IT solutions to allow for fast and efficient data processing and loan issuing decisions.

To date (23/03/2017), 21 loan originators have joined the Mintos marketplace, ensuring investors with wide investment options.

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