Mintos related Loan Originators(Verbind. zwischen Anbahnern)

Rick Lusitano · Anmeldedatum: 19.03.2019 Beiträge: 85

Mintos related Loan Originators (Verbind. zwischen Anbahnern)

My goal about this thread isn't to provoke fear of investing in Mintos* or in any other P2P platform. Not to create panic and exit from the investments or that people should reinvest more money in any investment. Everyone should decide for themselves the risks they wish to take.

I wish to promote a debate about the Mintos* connections with some LO present there.

As almost every week or month, Mintos* reveals new Loan Originators (LO) related to it, perhaps it's a good idea to create a post dedicated to that connections. The so called:

Zitat:

... related parties according to IAS 24.

Zitat:

Some of the equity investors in the loan originator and Mintos* overlap.

There are cross participation between shareholders and indirect connections, for sake of simplicity I resumed like this. So far I gathered the following information:

Grumpy Investments (previously known as Skillion Ventures) (the owner of Mintos Holdings, the parent company of the Mintos* Marketplace)
- Capitalia
- Hipocredit

Mogo Finance Group (ex Skillion Ventures)
- Mogo (Latvia)
- Mogo (Lithuania)
- Mogo (Estonia)
- Mogo (Moldova)
- Mogo (Bulgaria)
- Mogo (Georgia)
- Mogo (Poland)
- Mogo (Romania)
- Mogo (Armenia)
- Mogo Belarus (Belarus)
- Mogo Albania (Albania)
- Mogo (Kazakhstan)
- Mogo Renti (Latvia)
- Mogo (Ukraine) (not present in Mintos)
- Mogo (Kosovo) (not present in Mintos)
- Mogo (Bosnia and Herzegovina) (not present in Mintos)
- Mogo (Macedonia) (not present in Mintos)
- Mogo (Uzbekistan) (not present in Mintos)
- Mogo (Kenya) (not present in Mintos)
- Mogo (Uganda) (not present in Mintos)

DelfinGroup (ex ExpressCredit Group, ExpressCredit SIA) (Latvia)
- Banknote
-- Vizia

Orange Sky Finance Group (Puzzle Finance AS)
- YesCash Group
-- ExpressCredit (Botswana)
-- ExpressCredit Zambia (Zambia)
-- ExpressCredit (Namibia)

"Unknown Group"
- Peachy (Cash On Go) (Smart Finance Holding AS) (connected to Puzzle Finance AS, also known as Orange Sky Finance)

Administration

Wind-down

Finko Group
- Varks (TIG invest AS, ex Finko Invest SIA)

License revoked in Armenia

Liquidation
-- Lendo (Varks; ex Finko Invest SIA; ex Dindin Holdings Ltd Group)
- Dinero (EAG Finance AS, ex Mondoo SIA)
- Kiva (EAG Finance AS)
- Metrokredit (EAG Finance AS) => is a subsidiary of Dindin Holdings Ltd Group => is a subsidiary of Puzzle Finance AS ...

License revoked in Russia

Wind-down
- Sebo (TIG Invest SIA; Dindin Holdings Ltd Group)
- UkrPozyka (EAG Finance AS)

Finitera Group
- Kredo
- Moneda

License revoked in Kosovo

j789 · Anmeldedatum: 09.01.2019 Beiträge: 1357

Rick Lusitano · Anmeldedatum: 19.03.2019 Beiträge: 85

Scottyffm · Anmeldedatum: 16.09.2018 Beiträge: 623 Wohnort: Fischkopp

@rick, Maybe you will add the references?

Mogo Finance Group: https://mogo.finance/about-us/structure/
Expresscredit: https://www.expresscredit.lv/brands
Sun Finance Group: https://www.linkedin.com/company/sun-finance/about/
Finitera: https://www.finitera.com/brands

Has someone more information about the other companies/ homepages which are showing the other ones?

Rick Lusitano · Anmeldedatum: 19.03.2019 Beiträge: 85

Rick Lusitano · Anmeldedatum: 19.03.2019 Beiträge: 85

New update:
SIA "POScredit" the former designation of Capitalia, was owned by Skillion Ventures

http://mintos-independent-review.blogspot.com/2016/10/peer-to-peer-lending-platform-mintos.html
_________________
Asset Allocation - https://financialawarenessforall.wordpress.com/

Claus Lehmann · Site Admin Anmeldedatum: 31.08.2007 Beiträge: 17554

Varks and Lendo belong together
_________________
Meine Investments (aktualisiert 03/22):
Laufend: Bondora*, Investly*, Estateguru*, Ablrate*, Moneything* (Rest), Crowdestate* (Rest), Fellow Finance* (Rest), October* (Rest), Linked Finance*, Lenndy* (Rest), Assetz*, Plenti, Neofinance* (Rest), Lendermarket*,
Beendet: Smava*, Auxmoney*, MyC4, Zidisha, Crosslend*, Lendico*, Omarahee, Lendy*, Bondmason, Finbee*, Bulkestate*, Zlty, Mintos*, Iuvo*, Robocash*, Viainvest*, Viventor*
Crowdinvesting: Seedrs*, Crowdcube, Housers* (Rest), Reinvest24*, Landex*

Rick Lusitano · Anmeldedatum: 19.03.2019 Beiträge: 85

Lendo belongs to SIA "EC Investments", that is part of the ExpressCredit Group. Both share the same address:

Rick Lusitano · Anmeldedatum: 19.03.2019 Beiträge: 85

Rolf771 · Anmeldedatum: 14.05.2019 Beiträge: 325

I dug deep into the whole Varks/Mintos connection months ago, I actually made some progress with this with respects to the whole ownership structure and the changes that had happened. When we found out that the holding company of Varks actually had its headquarters in the same building complex where Mintos* is seated, things didn''t quite look like anything at all could help make this look not shady anymore. Later at one point we were able to talk to someone within the company, but at that point we didn't even care any longer to be quite honest.

We came to the conclusion that this is more or less paradigmatic for the whole of the business. The whole thing will work out in some way for the dumb money (=the retail investors) for the time being, I guess, but if the music begins to stop, well, nobody will be there to answer any questions, I fear.

Rick Lusitano · Anmeldedatum: 19.03.2019 Beiträge: 85

carnold · Anmeldedatum: 20.05.2018 Beiträge: 994

Check the Lendo 2018 report, it is clearly stated that Varks and Lendo belong now have tight links, Varks bought them this year a couple of months ago. Just search the PDF for Varks or see the Lendo thread. What does this mean for the group Lendo used to belong in, still active? Getting nested!

carnold · Anmeldedatum: 20.05.2018 Beiträge: 994

You should also list all originators in the first thread and mark those that have no known connections as singletons or whatever so it becomes easier to get the overall picture. Right now many are missing. Important thread !

Rick Lusitano · Anmeldedatum: 19.03.2019 Beiträge: 85

It seems that Varks belongs to ExpressCredit Group (at least some %), also the owner of Lendo and other LO.

From the website of Varks:

Rick Lusitano · Anmeldedatum: 19.03.2019 Beiträge: 85