After a tough 2020 for the platform, are you wondering how safe it is to invest on Mintos in 2021? 🤨 In today's video, we're talking with Martins Sulte about the challenges of the last year for Mintos, recovering funds from suspended lenders, and asking some of the questions you submitted about the platform.
🧐 Our Mintos review: [ Ссылка ]
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00:00 Teaser
01:03 Intro
01:35 Mintos business model
02:22 Do Mintos originate any loans?
03:08 In hindsight, would you have done anything differently, knowing that the pandemic would cause a lot of the lending companies to become suspended?
04:39 Is there anything you could have done better in 2020 to help minimize the funds in recovery you have now?
05:52 If an active lender in the PDL industry is facing difficulties or has a suspended banking license, why does it take so long to recover short-term loans?
08:03 What were the “related party” and group loans that got paid out of Varks before normal Mintos investors, right after Varks collapsed?
09:11 Why was Finko allowed to be emptied of its assets while Varks still owed money to investors, and Finko had given group guarantee?
10:31 How does Mintos ensure that the lenders are providing accurate information?
12:08 Do you have a limit on the exposure of loans from companies where the quality of the loans is decreasing?
14:10 How do the recoveries get distributed?
15:26 Why is diversification so important on Mintos, considering the interest rate for 2020 was so low?
18:55 What’s the status of Mintos' application for the Investment Firm Brokerage License in Latvia?
19:41 Why has registration for French residents been suspended?
20:03 Are there any other requirements you need to fulfill in order to receive the license?
21:31 Are there any specific requirements when it comes to the loan originators on Mintos?
22:57 Are there any barriers from the regulator when it comes to allowing investors to invest in lenders that are not from the EU?
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P2P Lending is considered a high-risk investment form, that can lead to a total loss of investor’s money. If you decide to participate in P2P lending you do this at your own risk. Each P2P platform, as well as its stakeholders, are subject to risk. Read the terms and conditions as well as the user agreement of individual P2P platforms and conduct your own due diligence to fully understand the protection and risk connected to P2P lending.
