I will share couple of charts about Mintos - loans funded, funds frozen because of problematic loan originators, active investors and average investment size. How was 2020 for Mintos and has it recovered after Covid? Let’s check it out.
Mintos is a clown show. Viventor is a clown show. Bondster is pretty crap. The question is how long it takes good LOs to set up their own P2P platform and leave the multi LO ones. Then you're left with garbage LOs on poorly run platforms, and where to go from there.
For instance Mintos expects to recover 0% of funds outstanding to Rapido Finance or Eurocent. But does expect to recover 100% of Varks (Finko AM) by end 2022. Time will tell how reliable their expectations are for recoveries.
In February Mintos also said that Finitera would take care of Monego... Did not happen. Now their recovery estimate is <100%. I think those guesses are too optimistic. I will be surprised if Mintos gets anything more from Cashwagon, Monego is not in their control anymore - all depends on liquidator, and it does not look good so far.
Don't think so. Mintos has lot of cash now, will be regulated, and still is the biggest marketplace with liquid secondary market and couple of good loan originators.
based on this comment, I would speculate that mintos is not that bad - if I choose small loans, short term and score 8+ (or maybe 7+) - interest rate is then "only" up to 10%. with this filter I hope not to fall into problematic loans. what would be your opinion? tx
Mintos is a clown show. Viventor is a clown show. Bondster is pretty crap. The question is how long it takes good LOs to set up their own P2P platform and leave the multi LO ones. Then you're left with garbage LOs on poorly run platforms, and where to go from there.
In the overview of funds in recovery, Mintos provides their best guess on the expected recovery amount and the time frame. See the table on https://www.mintos.com/en/funds-in-recovery-updates/
For instance Mintos expects to recover 0% of funds outstanding to Rapido Finance or Eurocent. But does expect to recover 100% of Varks (Finko AM) by end 2022. Time will tell how reliable their expectations are for recoveries.
In February Mintos also said that Finitera would take care of Monego... Did not happen. Now their recovery estimate is <100%. I think those guesses are too optimistic. I will be surprised if Mintos gets anything more from Cashwagon, Monego is not in their control anymore - all depends on liquidator, and it does not look good so far.
Hello do you think we will have our money back in 2 years at 100%. What do you believe about time and percentage of recovered funds?
No way. Maybe 30% after 3 years.
So are my Mintos shares going to be worthless?
Don't think so. Mintos has lot of cash now, will be regulated, and still is the biggest marketplace with liquid secondary market and couple of good loan originators.
based on this comment, I would speculate that mintos is not that bad - if I choose small loans, short term and score 8+ (or maybe 7+) - interest rate is then "only" up to 10%. with this filter I hope not to fall into problematic loans. what would be your opinion? tx