Tagged: latvia

ORCA Alliance Easily Raises First ICO Stage of $1.5 Million for Crypto Friendly Banking APIs

ORCA Alliance is reporting that its initial coin offering (ICO) easily raised its $1.5 million target in just 50 hours. The Latvia based Fintech is building an “Open Banking” platform seeks to enable digital banking that is crypto friendly. In June, Orca reported it took… Read More

New Milestone: Latvian P2P Lender Robo.Cash Facilitates $40M+ Lending

European P2P platform Robo.cash, which offers automated investments in the portfolio of the lending companies, has reportedly facilitated funding of half a million loans totaling over €40 million on the heels of reaching a $4M in attracted investments milestone and entrance into Kazakhstan through its partnership with alternative lender… Read More

European Online Lender 4finance Appoints Oyvind Oanes as New CEO

4finance Group S.A., one of the largest online lenders in Europe, has appointed Oyvind Oanes as Group CEO. Oanes will step into the role on August 1, 2018 succeeding current CEO Mark Ruddock, who will return to the Group’s supervisory board. Ruddock said that over the… Read More

Orca Claims Cryptocurrency to Fiat Withdrawal Speed of Less than 6 Seconds

Everyone knows that it can take some time to move your cryptocurrency around, depending on the coin. It can take even longer to exchange your crypto for cash – as in US dollars. Sure, there are plenty of companies that provide crypto to fiat withdrawals…. Read More

New Robo.cash P2P Lending & Millennials Research & 4M€ Milestone

Alternative lending observes a continuously increasing number of Millennials and Generation Z, according to the Latvian P2P platform Robo.cash. This growth is supported by the interest of young investors in a “simple and comfortable source of additional income” and the positive experience gained at the… Read More

Three Year Old Fintech Mintos is Profitable

Latvian Fintech Mintos is reporting a profit in its brief three year old history. According to the company, the global online marketplace for loans has seen their revenue increase more than four-fold in 2017 to € 2.1 million generating a net profit for the year of €… Read More

Mintos: First UK Loan Originator Listed Today

Mintos, a European marketplace for  peer to peer loans, is a leader in Continental Europe with an estimated 39% market share. Today, Mintos has announced a significant next step by listing their first UK originator – thus expanding into the most robust P2P market in… Read More

First Anniversary Recap: Online Lender Robo.Cash Posts 2017 Stats

Robo.cash outlined the results of its first year in operation on the European P2P lending market: 2,000 investors from the EU and Switzerland invested over €3M in the issue of 330,000 short-term PDL-loans in Kazakhstan and Spain. The average inflow of investments is €240,000 with… Read More

Huge: Mintos Online Lending Marketplace Surpasses $500 Million in Just Three Years

Mintos, an online marketplace that provides individuals with a simplified way to invest in loans originated by a variety of alternative lending companies around the world, has announced a new milestone having topped the half a billion euro mark in cumulative investments by investors. Reportedly,… Read More

Online Lender Robo.Cash Shares Insight into Investor Activity

Peer to peer lender Robo.cash has shared a “financial portrait of a Robo.cash investor.” Their study reflects the behavior of investors on the European P2P platform, including the actual volume of investment, the quantity and size of deposits and withdrawals of funds from the platform, is… Read More

P2P Lender RoboCash Updates on 2017 Progress

Latvia-based European peer to peer lender Robo.Cash, a young platform that is less than a year old, has provided an update on loan origination progress.  According to the P2P lender, RoboCash attracted € 2.5 million of investments in pay day lending (PDL) loans in 2017. Robo.Cash… Read More

Mintos, an Online Marketplace for Loans, Adds First Russian Loan Originator to Platform.

The Mintos marketplace for loans has added its first Russia based loan originator: EcoFinance. The online lender offers investments in unsecured personal loans issued in Russia under its CreditPlus brand. Mintos reports that EcoFinance loans on its marketplace will initially be listed in Euros with… Read More

Latvian P2P Platform DoFinance Now Available for Investments from Legal Entities

On Tuesday, Latvian peer-to-peer lending platform DoFinance announced it is now available for investments from legal entities. According to the online lender, it is already offering investment options for individuals and is operating in both European and Asian markets. According to DoFinance, for both individuals… Read More

Mintos Tops 35,000 Investors from 64 Different Countries

  Mintos marketplace for loans now has more than 35 000 registered investors from 64 countries. Mintos states that approximately 2,000 new investors join Mintos each month. The growing pool of investors has allowed Mintos to help fund loans worth more than € 325 million through… Read More

Moody’s Upgrades 4Finance Credit Ratings as Online Lender Tops € 5 Billion in Loans

Moody’s Investor Service has upgraded 4Finance‘s credit ratings to B2 from B3. The upgrade comes as 4finance says it has passed € 5 billion in loan originations. The 4finance S.A. senior unsecured issuer rating was also upgraded to B2 from B3. The outlook on all ratings… Read More

Robo.Cash Tops €2 million with 1000th Investor

Emerging peer to peer lender Robo.Cash has topped €2 million in loans with the advent of the 1000th investor.  According to Robo.Cash, investors are spread across most of Europe with lenders now coming from 28 different countries. The short term loans are coming from Spain and… Read More

Robo.cash Reports Steady Growth in European P2P Lending

Robo.cash, an automated peer to peer lending platform that includes a buyback guarantee, is reporting steady growth during the period from March 1st to August 31, 2017. The young lender says the total amount of investments now exceed €1.8 million. Approximately €400,000 in loans were… Read More

Mintos Reports Topping €300 Million Milestone in Online Lending

Latvia based Mintos has reached a new milestone having now topped  €300 million in online loans since platform launch two years ago. Mintos reports that more than €200 million has been invested in 2017 alone, making Mintos a market leader in continental Europe claiming a… Read More

Robo.Cash Update: Investments Jump 30% in July

Robo.Cash, an automated peer to peer lending platform with a buyback guarantee, reports that July was a solid month for the online lender as investments jumped 30%. The young platform was launched in February.  In the first half of the year, Robo.Cash says that over… Read More

Robo.Cash & Latvian Alternative Financial Services Association to Jointly Develop P2P Tech

ROBO.CASH and Latvian Alternative Financial Services Association have announced their intent to develop peer-to-peer technologies in Latvia. ROBOS.CASH is a part of the European financial holding group with affiliated credit companies in Spain (Prestamer.es), Russia (Zaymer.ru, FinTerra) and Kazakhstan (Zaimer.kz). The group, founded by Sergey… Read More