Tagged: latvia

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

P2P Lender VIAINVEST Hits €10 Million in Funded Loans

Newly launched peer to peer lending platform VIAINVEST has announced topping €10 million in loans. The 7 month old Latvian platform said consumer loans issued by VIA SMS Group, came from the Czech Republic, Poland, Latvia and Spain. These loans were funded by investors from more… Read More

TransferMoney to Work with Accuity to Streamline Payments

TransferMoney Latvia, a fast growing European cloud payment institution, has signed up with Accuity to streamline its account and payments screening processes. TransferMoney says the move is to help better identify financial crime risk and flag potentially high-risk customers – always a concern in the… Read More

4finance Receives Five Star Trustpilot Rating in Denmark & Poland; Achieves Average Score of 9.4 Across Four Products

Riga-based 4finance Holding S.A., a large online and mobile consumer lending group, announced on Thursday it has achieved a five star Trustpilot rating and an average 9.4 rating from nearly 4,000 reviewers from Denmark and Poland. According to 4finance, which recently reported that its online customer base has… Read More

Alfa Finance Launches New P2P Lender DoFinance

Latvia based Alfa Finance Group has launched a new peer to peer lending platform named DoFinance.  The company stated it had invested €2 million to get the P2P lender up and running. The online lender is said to be available in all EU and EEA countries…. Read More

Online Lender 4finance Prices $325 Million Over-Subscribed Bond Issue

  Riga-based 4finance Holding S.A., a large online and mobile consumer lending group, has placed and priced $325 million of senior unsecured 5 year fixed rate notes. These notes mature in 2022 and were issued with a 10.75% yield, at par. 4finance reports that net… Read More

The Baltic Fintech Ecosystem: Building Unicorns

  Jevgenijs Kazanins of Twino introduces the Baltic tech scene at EXEC Fintech in Berlin Those familiar with the European fintech sector may have wondered for some time about why the Baltic States, which are among the smallest countries of Europe, are producing so many… Read More

4Finance Has Topped €4 Billion in Loans: 33% of All Loan Applications are Via Smartphones

4finance Group, a lender that claims the title of Europe’s largest online and mobile consumer lending company, has surpassed €4 billion in loans since its f0unding in 2008. 4Finance says the milestone was passed in January following a year of solid growth.  During 2016, 4Finance issued… Read More

KPMG Report: Online Lending in Continental Europe Q1 through Q3 2016

KPMG, along with AltFi data, has published a new report on alternative lending in Europe. KPMG also sourced data from the most recent Cambridge Centre for Alternative Finance report. The document, entitled Alternative Lending Market Trends in Continental Europe 2016, provides an interesting snapshot of… Read More