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.
Mintos in 2020 - how did it go?
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.
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?
So are my Mintos shares going to be worthless?