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.Follow this blog to get more information on p2p lending.
For investors seeking investment opportunities in the Asia Pacific (APAC) region, Mintos is pleased to present another exciting announcement today – Cashwagon now offers short-term loans issued in Vietnam for investment for the first time on the marketplace!
Since November 2018, Cashwagon, an innovative platform designed to link lenders and borrowers, has offered investment opportunities for short-term loans issued in the Philippines. The Indonesian market soon followed, and today Cashwagon expands its offering with access to the Vietnam market.
Headquartered in Singapore, Cashwagon operates in five countries – Sri Lanka, Indonesia, Vietnam, Malaysia, and the Philippines. In 2019, two more APAC countries will be added to the growing list of countries benefiting from Cashwagon’s lending platform.
What makes the Vietnam market so special?
Cashwagon launched in Vietnam on September 2017, and the platform had immediate success – helping citizens access short-term loans like never before. Vietnam is in particular need of innovation in the financial services, and Cashwagon’s solutions offer a welcome alternative to the traditional banking system.
In Vietnam Cashwagon has helped more than 160,000 unique borrowers and issued more than 546,000 loans to date. So far, the company has issued EUR 48 million worth of loans – and this value is growing rapidly.
All Vietnamese loans listed on Mintos by Cashwagon are issued by Lendtech Co., Ltd., a company duly incorporated and registered under the laws of Vietnam. Lendtech Co., Ltd, acts as a lender to individual borrowers on the online peer-to-peer lending platform operated by Cashwagon.
To obtain exposure to Lendtech Co., Ltd. loans, investors will be able to invest in loans issued by Mintos Finance to Lendtech Co., Ltd., where repayments depend on the borrower’s payments. Each loan issued by Mintos Finance to Lendtech Co., Ltd. will be pegged to a respective loan issued by Lendtech Co., Ltd. to the final borrower. Mintos Finance is a Mintos group company. A detailed description of the new structure is available in the Mintos Finance loan agreement and assignment agreement.
A special offer for Mintos investors
On the marketplace, Cashwagon’s Vietnam-issued loans range from EUR 30 to EUR 300 with a maturity of up to 40 days and an expected net annual return of up to 15%.
All loans listed and available for investment on Mintos are secured with a buyback guarantee by Lendtech Co., Ltd. All investments will be repurchased if the loan is outstanding for 60 days or more and 15% of each loan amount placed on the marketplace is kept on the company’s balance sheet to maintain its skin in the game.
In addition, the Group’s holding company Cashwagon Pte. Ltd. (Singapore), will provide a group guarantee thus securing the loan buyback obligation provided by the company.
Cashwagon: a disruptive force for the financial services industry
Cashwagon was created with a powerful mission: to disrupt the financial services industry by positioning financial assistance within reach of more people. According to KPMG 2018 report on Financial inclusion for Southeast Asia, about 70% of local people are not well served by mainstream financial institutions, and their needs are greater than most. Small, short-term loans can truly transform lives in developing countries like Vietnam.
If you believe in this mission, now it is your chance to diversify your investment portfolio by investing in driving financial inclusion in Vietnam. If you use Auto Invest, don’t forget to update your settings, so you don’t miss out!
One of the key questions for investors comes down to liquidity – how easily can I convert an investment to cash? In the past, investors often had to make a tradeoff between earning high returns, or having high liquidity. We wanted our investors to do better, so we created a new way to invest that combines the best of both worlds. We’re proud to present to you Mintos Invest & Access!
So how does this work?
Invest & Access is a fully automated way of investing. To get started, you just select the amount you want to invest. You’ll get a portfolio of loans that is diversified across the marketplace and offers great returns.
What’s special about Invest & Access?
Unlike many investing opportunities, Invest & Access does not lock your money in for a long time. If you need it sooner, you can cash out anytime – no questions asked, and no extra cost.
What’s the expected interest rate?
How much you can earn depends on what’s in your portfolio and what’s available on the market. Invest & Access is optimized for portfolio sizes of 500 EUR and more. If your balance is less than 500 EUR when you create your portfolio, diversification may not work correctly, and as a result you may experience lower returns. For optimal performance, we recommend investing 500 EUR or more.
Where’s the catch?
As with any transaction, Invest & Access needs a buying side – your loans will sell to other investors. If there’s no demand on the market, selling might take a little longer.
– Let us know how much you want to cash out. We take current loans from your portfolio and sell them to other investors using Invest & Access.
– If a loan in your portfolio is late, you can get your money when it recovers or buyback kicks in.
– You can also sell late loans on the secondary market (coming soon).
Poland is a key investment geography for us here at Mintos. That’s why we are pleased to announce that the number of loan originators that offer investment opportunities in the country has expanded from 10 to 11, with the launch of Dziesiątka Finanse on the marketplace.
Dziesiątka Finanse is a Polish loan company operating in the personal (instalment) loan industry. The company offers borrowers loans for whatever purpose (after customer verification) they may need. Customers can apply for a loan via their website or through an agent over the phone, in the amount ranging from PLN 500 to PLN 15,000 (EUR 116 to EUR 3,480), and the money will be delivered to the client’s home.
Dziesiątka Finanse – a recognised name in Poland
The loan originator is an established player in the lending market in Poland, having operated in the country for 18 years. In the last eight of those years, the company has operated under the name Dziesiątka Finanse.
Last year in March, the company was acquired by the Credit Royal Group. Since then, the loan originator has been growing quickly and in one year, has managed to increase the scale of its operations by fourfold.
Credit Royal® is a company that was founded in 2012, operating in the area of financial and legal services. Credit Royal® is made up of specialists and recognised experts. The knowledge and experience of Credit Royal® Management Board members is a huge asset to the company.
Since its establishment, Dziesiątka Finanse had issued 44,115 loans worth PLN 52.6 million (EUR 12.2 million) as of May 2019 and a net portfolio size of EUR 2.5 million. It has also managed to attract 9,264 clients.
Dziesiątka Finanse has a far-sighted motivation to join Mintos. With the launch on the marketplace, the company wants to gain access to the wider market by starting its activities in Spain in 2020 and with its ultimate goal of being one of the largest loan companies in Poland and extend its activities outside of Poland.
Dziesiątka Finanse on Mintos
Dziesiątka Finanse now offers its Poland-issued personal loans on Mintos, listed in PLN and EUR. The loans range from PLN 500 to PLN 15,000 with a maturity of up to 2 years. The loans are repaid in weekly instalments. You can expect a net annual return of up to 14% for loans listed in both EUR and PLN.
All of Dziesiątka Finanse’s loans on Mintos come with a buyback guarantee. That means, if a loan is delinquent for 60 days or more, it will be repurchased by the loan originator. In addition, the company will keep 10% of all loans placed on the marketplace on its balance sheet to keep its skin in the game.
The investment opportunities on Mintos continue to multiply, as you can now invest in car loans issued in Spain for the first time! This is because we have a new member of the Mintos family – Lendrock, a car loan provider based in Spain.
Established in 2015, Lendrock provides fast and flexible funding for borrowers who are purchasing low-cost cars, that is, cars under EUR 10,000. Lendrock is the only end-to-end financing platform which specialises in financing low-cost cars in the country.
This means, Lendrock not only helps out the borrowers of the car but also the car dealership. Because of this, the company has created partnerships with more than 500 car dealers in Spain. Lendrock covers all aspects from origination through to servicing, including registration of the vehicle. Since its inception, the company has received more than 13,000 loan requests and financed more than 1,000 borrowers.
Quick, fast and accurate – Lendrock’s promise
Lendrock provides its loans through a mobile phone app. It uses alternative data to determine customers’ creditworthiness in regards to not only their ability to pay the loan but also in terms of income and expense stability. This process allows the company to make decisions on loan applications in only 3 seconds for 80% of all potential customers.
“We are excited to join Mintos, which is in our view the leading marketplace for alternative consumer finance, to further diversify our funding sources and support our growth as we help more car dealers sell more cars and get consumers into the car they need,” says Ventura Pobre, the Co-founder and CEO of Lendrock.
Lendrock is backed by three years of operating experience. During this time, more than 1,000 cars have been financed. More than that, the company offers a unique proposition to all stakeholders: car dealers, consumers and investors. Lendrock is backed by leading private and institutional investors.
Investing in Lendrock’s car loans on Mintos
On Mintos, Lendrock now offers its car loans listed in the Euro (EUR) currency. The loans on the marketplace range from EUR 2,000 to EUR 8,000 with a maturity of up to 4 years. You can expect up to 14% offered rate per annum. To maintain its skin in the game, the company will keep 10% of each loan on its balance sheet.
As at the end of the first quarter of 2019, Lendrock had a net loan portfolio of EUR 2 million. In the same period, the company achieved a gross profit of EUR 70,000. Since its inception, the company has originated 1,100 loans worth around EUR 3.5 million.
Don’t miss this opportunity to diversify your investment portfolio and add car loans issued in Spain to the mix – for the first time ever on the marketplace! If you use Auto Invest, be sure to update your settings accordingly.
Summer has arrived and several of our loan originators have just launched their cashback summer campaign and are offering more than EUR 15 million worth of loans with a cashback bonus.
Earn before you go on your holidays!
Invest in one or more loans listed in EUR from these loan originators and earn a cashback of up to 1%*!
Cashback campaign participants:
*The cashback amount will depend on the maturity of the loans you invest in – loans with maturities of up to 3 months will have a cashback of 0.25%, with maturities of 3-6 months a cashback of 0.50%, with maturities of 6-9 months a cashback of 0.75%, while loans with maturities of above 9 months will receive a cashback of 1.00%.
This special offer is valid for a limited time, from the 5th of June until the 19th of June this year, so don’t miss out!
Only investments made on the Mintos Primary Market qualify. If you want to receive the cashback, you have to be enrolled in the campaign before making the investment.
The rates are higher, the loans are counted in hundreds of thousands, the risks are mitigated, bonuses ready. Why not plant the fruitful seeds of investment this spring on Mintos?
In the previous 10 weeks, the average interest rate for loans in EUR on Mintos has grown by ~2%, increasing our attractive interest rate from 11% to 13%. While the interest rates of some particular loans are even higher, we can’t help but wonder if all Mintos investors are using this opportunity to earn even better returns on investments.
Among the almost 400 000 loans offered on the Mintos Primary market, there is a large amount of loans with superior risk-adjusted returns.
We want to make sure you are getting the highest return with your investment on the marketplace. You can easily seize this opportunity to increase your return on investment and your passive income on Mintos, so here are some tips about how to lock-in these great returns!
1. Invest more & earn more
Make the higher rates work for you right now, by adding more funds to your investment account and by diversifying your investment through the great portfolio of loans on Mintos. It is easy; you can always invest more in order to earn more.
2. Dig, Explore and Put to Work the cherry-picked loans offered on Mintos
Whether you are using Auto Invest or Manual Invest, you might be missing out on some of the new loan originators’ portfolios recently launched on Mintos. Take a “virtual” walk through the marketplace and check the loans offered by applying the filters and customising your preferences to make the best choice for your new investment among the almost 400 000 loans offered.
Example: By investing in longer maturity loans, you are “locking-in” the high returns for your long-term passive earnings. Don’t forget about the Buyback Guarantee as a safety-net for the future of your investment, as most of the loans on Mintos come with one.
3. Perfect time to (re)use your Refer-a-Friend code
This increase in the average interest rate can make your referral’s outstanding investment more valuable than it was with your previous referrals – if you have used your code by now.
In a short period of 14 days, both you and your friend that becomes the active investor on Mintos can earn great bonuses based on your friend’s investment that is boosted by the increased average interest rate on the Mintos marketplace.
Today, we are pleased to announce that the opportunities on the North American continent have grown, with the launch of Dineria.mx from Mexico.
Dineria.mx is part of Proximus Finance and was established in 2016. Its primary focus is to provide simple, available and transparent loans to customers who require an immediate credit solution.
The loan originator’s goal is to provide its customers with a reliable and convenient service in order to assure that the customers receive necessary funding on a timely basis and can always rely on provided services.
Since its inception in late 2016 until the end of March of this year, Dineria.mx has issued over 55 000 loans worth EUR 6.9 million. Gross portfolio size in the first quarter of 2019 reached EUR 4 million.
“Dineria.mx is excited to join the Mintos marketplace to be able to offer investors our well-performing portfolio. Given our outstanding risk management and IT infrastructure, our collaboration with Mintos will strengthen our position in Mexico’s market and provide investors with stable returns,” says (Viviana Gómez, MX Managing Director).
Investing in Dineria.mx loans on Mintos
On Mintos, you can now invest in Dineria.mx’s loans issued in Mexico. The loans are listed in both EUR and the Mexican peso (MXN). The average loan amount on the marketplace is EUR 139 or MXN 2 982, with the total range from EUR 50 to EUR 500 (MXN 1,000 to MXN 12,000). You can expect a net annual return of up to 14% in EUR and 18% in MXN.
All loans placed on the marketplace by Dineria.mx come with a buyback guarantee. This means, should the loan be delinquent for 60 days or more, then the loan originator will repurchase the loan. In order to keep its skin in the game, the company will keep 10% of each loan placed on Mintos.
Mintos Rating for Dineria.mx is B-.
On Mintos, we have a number of risk mitigation layers in place. One of these layers includes the parent company or group guaranteeing the obligations, that is ensuring the buyback guarantee is fulfilled, of a loan originator on Mintos.
Today, we are pleased to announce that Mogo Finance S.A., the ultimate parent company of the Mogo Group companies operating on the marketplace, now provides a group guarantee for all Mogo loans on Mintos.
This means, that in case one of the Mogo entities on the marketplace fails to fulfil any monetary claims arising from loan agreements, Mogo Finance S.A. is obliged to fulfil these obligations on behalf of the loan originator.
For example, if a loan is delinquent for more than 60 days and the loan originator is not able to repurchase the loan, Mogo Finance S.A. will do it on behalf of loan originator (this applies only for loans with a buyback guarantee).
What does this mean for investors on Mintos?
Overall, this change does not have an impact on the way you invest in Mogo loans, but it does put an extra layer of risk mitigation in place, by reducing the risk of the separate Mogo entities not being able to fulfil their obligations to Mintos investors. As a result, the rating to all Mogo group entities has been changed to A.
Mogo Finance is one of the largest and fastest growing secured used car financing companies in Europe. Mogo was founded in 2012 in Latvia and joined the Mintos marketplace in 2015, originally offering loans for investment from its home country.
Since then, Mogo’s presence on the marketplace has grown substantially and now places loans on the marketplace from nine countries – Bulgaria, Estonia, Georgia, Latvia, Lithuania, Poland, Romania, Moldova and Armenia.
As of December 31, 2018, the Mogo Group had a net loan portfolio of over EUR 140 million across its operations, a more than 40% increase compared to December 31, 2017. The total revenue compared to the corresponding period of the previous year has increased by 53% reaching EUR 54.4 million. Mogo Finance also saw a significant uptick in its client base of around 64.9% from December 2017 until the end of December 2018. Some of the equity investors in Mogo and Mintos overlap.
The Albanian loan originator Kredo Finance has just launched its own cashback campaign. This special offer is valid for a limited time, from the 20th of May until the 3rd of June this year, so don’t miss out!
The Kredo Finance cashback campaign is our easiest yet. In order to receive the cashback bonus all you need to do is invest in Kredo Finance’s Albania-issued loans that have a maturity of 13 months or more. If you do this, you will receive a bonus of 2% regardless of how much you invest.
Only investments made on the Mintos primary market qualify. If you want to receive the cashback, you have to be enrolled in the campaign before making the investment.
Kredo Finance is a young but rapidly developing micro-lending market participant in Albania whose principal objective is to satisfy individuals’ short-term liquidity needs in a quick, simple and hassle-free manner.
The company is licensed and operates in accordance with the Central Bank of Albania. In addition to providing advanced online lending solutions, Kredo Finance has also an extensive branch network across the country and serves its clients through its 47 branches across Albania and is on track of reaching 100 branches by the end of the year.
We are pleased to announce that there is now a brand new investment opportunity from Poland on Mintos! Creamfinance, a loan originator which has been part of the Mintos family since 2015 has launched personal loans issued in Poland on the marketplace.
Through its Polish entity, Creamfinance Poland, the loan originator offers its personal payday loans under the brands Lendon and ExtraPortfel. Since its foundation in 2013, the company has distributed 754,045 loans worth around EUR 285 million. As of April 2019 Creamfinance Poland had a net loan portfolio of EUR 21 million.
“We appreciate our relationship with Mintos in other countries and we are confident that this is an effective way to organise a portion of our funding. Additionally, we are aware of how Mintos is getting more recognition in the Fintech space in Poland and we believe that this, combined with our well-known brand (Lendon), will lead to us being able to obtain new capital at a cost-effective interest rate which will also be attractive for investors.”
Creamfinance Poland opportunities on Mintos
Creamfinance already places loans issued in Georgia, Latvia, the Czech Republic and Denmark — both unsecured loans with single repayments, as well as consumer loans with multiple repayments — on the Mintos marketplace.
Now, as part of its latest offering, you can invest in Creamfinance’s Poland-issued loans which are listed in both Euro (EUR) and Polish zloty (PLN). On the marketplace, the company’s loans range from EUR 24 to EUR 1,400, or PLN 100 to PLN 6,000 with a maturity of up to 45 days. You can expect net annual returns of up to 10% for both its EUR and PLN loans.
All Creamfinance Poland loans will be secured with a buyback guarantee. This means, if a loan becomes delinquent for 60 days or more, the loan originator will repurchase the loan from the investor. Furthermore, the company will keep 5% of each loan placed on the marketplace to maintain its skin in the game.
For the year ended December 31, 2018, the Creamfinance Group achieved annual revenue of EUR 59 million, according to the company’s financial statements. By the end of 2018, Creamfinance Group had a total of issued loans volume of EUR 574 million since 2012.
Don’t miss out on this great opportunity to invest in Creamfinance Poland personal and instalment loans. If Auto Invest is your preferred way of investing on Mintos, then be sure to update your settings accordingly.