Mintos related Loan Originators(Verbind. zwischen Anbahnern)

j789 · Anmeldedatum: 09.01.2019 Beiträge: 1367

Wenn man mal die Anbahner durchschaut, steht bei einigen:

Einige der Eigenkapitalgeber des Kreditgebers und von Mintos* überschneiden sich.

Das ist bei Bino, Kuki, ExpressCredit Group, Mogo, Zenka, Sebo, Simbo und Tengo der Fall.

Bei anderen steht auch:

X ist ein mit Mintos* verbundenes Unternehmen im Sinne von IAS 24.

Das ist bei ExpressCredit Group, Kredo, Metrokredit, Monego und Tigo der Fall.

Rick Lusitano · Anmeldedatum: 19.03.2019 Beiträge: 85

Rick Lusitano · Anmeldedatum: 19.03.2019 Beiträge: 85

Peachy (Cash On Go) is a possibility of an LO related to Mintos:

According to FCA, Cash On Go have 2 representatives:
Kristjan Novitski (Estonian) => Kristian is the CEO
Una Hewitt (Latvian) => Una is the COO

Una is also the CEO Orange Sky Finance, a Latvian company with the legal name of Puzzle Finance AS. This Orange Sky Finance/Puzzle Finance AS shared the same address with Mintos* (LinkedIn), but now moved to Riga, Skanstes iela 52, LV-1013, as did the Fintera Group, a Mintos* related Group.

Werbeunterbrechung / Werbung · Verfasst am: 03.11.2019, 15:54 Titel:

Rick Lusitano · Anmeldedatum: 19.03.2019 Beiträge: 85

Another possibility is Watu Credit, a Kenyan LO, but with a Latvian CEO, Andris Kaneps. Accordding to the financial statements, page 3:

Watu Credit - Financial Statements: https://s3.eu-central-1.amazonaws.com/mintos-prod-public-files/C335FB6A-6B15-A2B3-77E7-9C40D0441D71.pdf
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Rick Lusitano · Anmeldedatum: 19.03.2019 Beiträge: 85

Rick Lusitano · Anmeldedatum: 19.03.2019 Beiträge: 85

Zenka Group AS, the parent group of Zenka Finance is on same address, Rīga, Skanstes iela 52

Lursoft: https://www.lursoft.lv/?l=en
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TTom · Anmeldedatum: 09.10.2011 Beiträge: 1467

Rick, many many thanks for your hard investigation work on this!
I think this information is very valuable for all Mintos* investors.

For me it wasn't clear until now, that Banknote/Vizia, Varks and ExpressCredit are within one group.
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Mephisto · Anmeldedatum: 22.03.2017 Beiträge: 460

Rick thank you really much for your hard work. Unfortunately as long as we don't know the liabilities between the corporations in one group we cannot asses the risk respectively if this increases the risk for oneself or not.

Mikefamex · Anmeldedatum: 04.01.2019 Beiträge: 1574 Wohnort: Frankreich

Great work, Rick, many thanks! I think, a lot of Investors will think about their investments on Mintos!

Thep2pinvestor · Anmeldedatum: 19.04.2016 Beiträge: 633

Pyro439 · Anmeldedatum: 08.03.2019 Beiträge: 227

Hello Rick,

thanks for your great work. But I am not so sure about that the African ExpressCredit is related to Expresscredit.lv. Cause the Expresscredit Holding AS you mentioned is just an construct Mintos* made for the payment.
I cannot find any relationship between Expresscredit Holding AS to ExpressCredit Ltd. (Latvia).
I made some similar investigations a few months ago, also with ViaInvest 4Finance (first company of the people behind mintos), all those companies are related to a group of people based in Russia

TheManiac · Anmeldedatum: 22.01.2019 Beiträge: 1025

I knew about some connections between Mintos* and several LO, but this is really hard stuff.

Thank you Rick for collecting all this data.

I will continue withdrawing money from Mintos*, I just don't feel comfortable with Mintos* anymore.
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carnold · Anmeldedatum: 20.05.2018 Beiträge: 995

While I also knew that some LO are connected, the magnitude of it seems to be bigger than anticipated. However, I have the following questions or concerns to correctly interpret the new information:

Even if Varks and ExpressCredit do belong to the same group, which is something that is hidden from investors for a reaosn probably, what does it mean for the overall risk assessment? If ExpressCredit goes bust, how does it change the likelihood of Varks or any of the other LO in the group to get into trouble? If these two are independent, the situation is as before even if they belong to the same group overall. If the risk becomes lower because they "help" each other in case of financial distress, even better. Only if risk increases, it becomes a real issue. The Mintos* group guarantee is only for within ExpressCredit, not for the "Metagroup".

microp2p · Anmeldedatum: 17.04.2017 Beiträge: 155

has anyone informed mintos* about this thread for an official statement maybe?
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Mephisto · Anmeldedatum: 22.03.2017 Beiträge: 460