Tagged: latvia

December 27, 2017 @ 4:16 am By JD Alois  |  

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

December 11, 2017 @ 9:31 am By JD Alois  |  

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

October 31, 2017 @ 1:52 pm By Samantha Hurst  |  

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

October 9, 2017 @ 2:01 am By JD Alois  |  

  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

October 6, 2017 @ 9:29 am By JD Alois  |  

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

September 28, 2017 @ 7:47 am By JD Alois  |  

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

September 8, 2017 @ 10:45 am By JD Alois  |  

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

September 6, 2017 @ 9:33 am By JD Alois  |  

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

August 10, 2017 @ 8:44 am By JD Alois  |  

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

July 5, 2017 @ 10:00 am By JD Alois  |  

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

July 3, 2017 @ 10:46 am By JD Alois  |  

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

June 27, 2017 @ 3:55 am By JD Alois  |  

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

June 15, 2017 @ 1:00 pm By Samantha Hurst  |  

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

April 18, 2017 @ 8:04 am By JD Alois  |  

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

April 13, 2017 @ 8:07 am By JD Alois  |  

  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

April 7, 2017 @ 4:23 pm By Therese Torris  |  

  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

February 6, 2017 @ 11:47 am By JD Alois  |  

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

December 20, 2016 @ 12:01 pm By JD Alois  |  

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

December 1, 2016 @ 5:20 pm By Samantha Hurst  |  

Latvia-based VIA SMS Group announced this week it is launching Viainvest, a peer-to-peer marketplace for both private and legal entities offering to invest into consumer loans originating from non-banking lenders. While sharing details about Viainvest, Eduards Lapkovskis, member of the board at VIA SMS Group, stated: “By… Read More

December 1, 2016 @ 10:02 am By Erin Hobey  |  

TWINO Group, a European consumer lender which has been operating since 2009 with its P2P lending platform launching in 2015, provides unsecured consumer loans for private individuals in ten countries, including Poland, Russia and Georgia, with an intention to move into Mexico. TWINO’s P2P lending platform offers… Read More