Latvian marketplace lender Mintos and Creamfinance have partnered to list loans originated in Denmark and the Czech Republic; Creamfinance Financial Planning Director, Georgijs Ustinovs, said, "High investor demand for Creamfinance loans was our main motivation for adding a new market to the Mintos platform."; Mintos noted that the annual return to investors should reach 11%. Source
ID Finance has partnered with Latvian marketplace lender Mintos to list its MoneyMan loans on the platform's marketplace; current loans will be issued to Spain ranging from EUR 300 ($326) to EUR 1,200 ($1,304) with a repayment period of 30 days to 4 months; ID Finance is the first network originator to offer Spanish listed loans on the Mintos platform providing for enhanced cross-border diversification. Source
Funding Circle led originations for the month with 125 million Euros; total originations for the month were 454 million Euro across the platforms tracked; Mintos and Twino both reached significant milestones originating 500 million and 250 million Euros respectively. Source
Latvian marketplace lender Mintos has announced it will be expanding its loan offerings to include loans denominated in Czech koruna to avoid currency risk for investors; firm is the third European lender following Creamfinance and Acema to expand to the koruna; says it also has plans for additional currency offerings. Source
Solva, an ID Finance subsidiary that offers personal loans in Georgia, is now on the Mintos platform; Solva has disbursed 28,000 loans totaling EUR12 million ($14.3 million) since late 2016; Mintos provides a platform for retail investors to allocate to various online lenders; Boris Batine, ID Finance co-founder and CEO, stated: "Solva is an innovative product in global online lending. It was developed for prime clients and offers very attractive terms for personal loans. It closely resembles traditional bank loans, but with a focus on transparency, ease and convenience of service. Thanks to our technological innovation and efficient operations, we can offer investors a high annual net return." Source
Martins Sulte founded Mintos in 2015, a platform which is leading the way in the EU; they focus largely on...