Update on lending companies that have left Mintos

In the last 11 months since our previous update, 19 new lending companies have launched on Mintos, and 7 have left our marketplace. Here, we look back on each lending company that has left and the reasons for it. 

Please note that all of the mentioned companies fulfilled their obligations (made 100% payments) to Mintos investors by repurchasing all outstanding loans or otherwise finalizing commitments to investors on Mintos.

 Nexus

Nexus launched on Mintos in the fall of 2019 and offered investments in business loans issued in Russia. Right after publishing the announcement about Nexus joining Mintos, additional aspects were identified within the context of the company’s offered loans that needed to be addressed. As a result, Nexus loans were removed from Mintos immediately, and any investments made by investors were repurchased.

eFaktor

eFaktor launched on Mintos in December 2018 and offered investments in invoices issued in Poland. It turned out that the anticipated demand for the loans the company offered to Mintos investors is not there, hence Mintos and eFaktor came to a mutual decision to stop the cooperation. As of 13 September 2019, the company had covered all its obligations to investors and left Mintos.

Lendrock

Lendrock launched on Mintos in June 2019 and offered investments in car loans issued in Spain. Later the same year, Lendrock had restructured its funding sources and as a result left Mintos, after a mutual decision between Mintos and Lendrock management. As of 11 November 2019, the company had covered all its obligations to investors on Mintos.

Creamfinance Georgia

Creamfinance’s Georgia entity launched on Mintos in January 2017 and offered investments in loans issued in Georgia. Following a couple of successful years being a partner of Mintos, Creamfinance implemented a strategy change, ceasing its operations in Georgia whilst continuing to place loans on Mintos from other countries. As a result, a mutual decision on the company’s Georgia entity leaving Mintos was made in 2019. As of 2 February 2020, the company had covered all its obligations to investors and left Mintos.

EBV

EBV launched on Mintos in May 2018 and offered investments in VAT receivables across all Europe. Following the changes brought by an internal business strategy shift within EBV, the company decided to leave Mintos. As of 20 February 2020, the company had covered all its obligations to investors on Mintos.

1pm

1pm launched on Mintos in February 2018 and offered investments in various loan types issued in the United Kingdom. Mintos and 1pm came to a mutual decision to end cooperation and stop listings of 1pm issued loans on Mintos. As of 24 February 2020, the company had covered all its obligations to investors on Mintos.

Credilikeme

Credilikeme launched on Mintos in May 2018 and offered investments in personal loans issued in Mexico. After two years of being on the marketplace, the company came to a mutual decision with Mintos to stop the cooperation. As of 7 May 2020, the company had covered all its obligations to investors and left Mintos.

First seen onMintos Blog

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