Mintos is a peer-to-peer lending marketplace that connects investors with borrowers of non-bank lenders. It is an easy and transparent alternative to the traditional banking system. At Mintos, both retail and institutional investors can invest in fractions of loans originated across Europe. Currently, Mintos offer the opportunity to invest in mortgage loans, personal unsecured loans,car loans, invoices, and small business loans. The minimum investment in one loan is EUR 50.
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Mintos announce the launch of high-yield Fractional Bonds. This offering opens up the world of fixed-income securities to retail investors in Europ ...
Mintos' total comprehensive income in 2022 amounted to EUR 188 thousand, up from a loss of EUR 2.501 million in 2021. Income was largely the result ...
Mintos reports a profit for 2022 Mintos' total comprehensive income in 2022 amounted to EUR 188 thousand, up from a loss of EUR 2.501 million in 2021. Income was largely the result of stable net commission income.
Restructured amounts for ID Finance have been extended
ID Finance is onboarding new investors who will provide $15 million USD equity investment, €20 million debt investment into the Spanish entity, and up to €7 million debt investment into the Mexican entity. As the onboarding of investors requires approval by regulators, the company won’t be able to cover the restructured pending payments of €18.3 million by 31 December 2022 as initially agreed. Considering this situation, Mintos agreed to pr
TASKREDIT has joined Mintos. TASCREDIT a secured car loan lender from Kazakhstan. The company’s loans in euro (EUR) and Kazakhstani tenge (KZT) are now available on Mintos with a B- Mintos Rating and with expected annual returns of up to 11% (loans in EUR) and up to 17% (loans in KZT).
European peer-to-peer lender Mintos has valued itself at more than €100m (£84.5m) as it marks taking a 40 per cent market share of P2P lending on the continent. Figures from data company Brismo shows there was €6.36bn of P2P lending financed in Europe during 2019, of which €2.58bn was invested through Mintos.
The number of new investors joining Mintos was almost 150% higher in 2019 than in 2018. In total, last year investors on Mintos earned EUR 45 million in interest. On average, a single Mintos investor has an outstanding balance of EUR 4 725 invested across 241 different loans.
After reaching the first billion euros funded in loans on Mintos in August 2018, the next three milestones came in 2019: EUR 2 billion of loans funded in April, EUR 3 billion in August, and EUR 4 billion in November. This impressive growth rate illustrates not only demand for the Mintos service, but overall growing interest in investing in loans among individual investors globally.
Over the last few months Mintos has also made several announcements in respect of another lender – Aforti Finance. This is another lender that has effectively defaulted by not passing on all the payments that were due to investors.
Mintos has announced that it is issuing a notice of default against one of its lenders – Rapido. The background to this is that Rapido had run out of cash and stopped making the cash remittances to Mintos investors that it was legally required to. The notice of default is a legal procedure but essentially the result of this will be most likely that Rapido is forced to either pay all the funds due immediately, or be forced into insolvency.
Already invested in Mintos? If so, share your impressions below. Are you happy with Mintos ? Have you encountered an issue that other investors sho ...
The secondary market of Mintos is huge, almost as big as the primary market. Many investors choose to invest in loans or buy loans that other investors have at a discount.
If you want to sell a loan so you can get your invested money back, you can do it in the secondary market . To do this you will probably need to sell your loan at a small discount to attract buyers.
The majority (over 99%) of Mintos loans are covered by a buyback guarantee . Each platform defines differently the guarantees it provides in case the borrower fails to repay the loan. Specifically, Mintos stipulates that if the borrower fails to pay the projected monthly installment for 60 days the loan originator will intervene and compensate the investor with the invested capital + interest for the period the investor had invested in the loan, including 60 days overdue.
Mintos is a fast growing company with offices in Riga, Warsaw and Mexico City, and soon in other countries.
Mintos is the leader of P2P platforms in Continental Europe with a market share of 38% according to the data AltFi . Less than three years after its launch, Mintos reached profitability in 2017 with revenue of € 2.1 million and a net profit of € 196,000.
Mintos is a Latvian P2P platform with investors worldwide. The platform was launched in January 2015 and today offers loans from 58 loan originators to more than 120,000 investors from 70 countries. Loans worth more than € 1.9 billion have been financed since it started.
Metrokredit, a loan originator that joined Mintos in July 2018, temporarily has stopped issuance of new loans to borrowers. The existing investors will not be affected by this event, Metrokredit will continue serving existing loans, and investors will continue receiving repayments and interest.
Mintos reports a profit for 2022
Mintos' total comprehensive income in 2022 amounted to EUR 188 thousand, up from a loss of EUR 2.501 million in 2021. Income was largely the result of stable net commission income.
última respuesta por canythould43 en Lunes, 12 Junio 2023