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Post by explorep2p on Nov 9, 2020 20:18:32 GMT
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Post by explorep2p on Dec 20, 2019 11:31:10 GMT
We have just published an article about one of the loans that was made on the Kuetzal site earlier this year. It's a big loan (€850k) where we have a lot of doubts after performing some detailed investigation, including site visits in Riga. Please read this post before investing any funds into Kuetzal.... Alborg PetrolGreat job! Thanks Peter We've just published an update on the situation and its not looking good... Is Kuetzal a scam or just incompetent?
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Post by explorep2p on Dec 20, 2019 11:28:29 GMT
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Post by explorep2p on Dec 13, 2019 19:27:04 GMT
Hello Forum Just a quick note to let you know that we gave the ratings page a big update today. We had to purchase some extra financial reports that were not available anywhere from Viventor or any other P2P sites... Latest Viventor lender ratings
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Post by explorep2p on Dec 10, 2019 20:51:12 GMT
We have just published an article about one of the loans that was made on the Kuetzal site earlier this year. It's a big loan (€850k) where we have a lot of doubts after performing some detailed investigation, including site visits in Riga. Please read this post before investing any funds into Kuetzal.... Alborg Petrol
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Post by explorep2p on Dec 9, 2019 17:18:34 GMT
Hi Forum Latest updates to the Mintos ratings page includes discussion of Iute and Monego losing their licences, Nexus disappearing 3 days after joining, and the latest on Rapido, Aforti and Metrokredit defaults. On top of that scores for new joiners Creditter, Wowwo, Evergreen, and Dinerito, and various ratings changes.... Mintos lender ratings for Dec 2019
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Post by explorep2p on Dec 5, 2019 20:10:11 GMT
Regarding Nexus, we were first told that an announcement was about to be made. When that didn't happen we followed up and were told:
"After publishing the announcement about Nexus joining the Mintos marketplace additional aspects were identified within the context of offering investments in Nexus loans that needed to be addressed. Nexus loans from the Mintos marketplace were removed until this is resolved."
When we asked what the 'additional aspects were' there was no willingness to go into that. Very embarrassing but we can imagine...
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Post by explorep2p on Nov 12, 2019 21:20:53 GMT
Forgot to say: if Mintos wants to become a P2P market leader in the long term, it should really cleanup its act and invest in a proper credit risk department that will initially select LOs with at least half decent credit risk and then perform reviews every 6 months and adjusting the ratings. I understand that this will hit their bottom line in the short term and probably some of their russian shareholders will not like it (since they want to sell their very risky loans on the platform), but they are the only platform (in my opinion) that has the financial resources, market force and legal muscle to push this through. They would have to behave more like an exchange than like an LO affiliate (like it is now, that is why in my opinion the FCA is not granting them the possibility to sell to UK investors).
The thread is all in English by the way and the guy performing most of the research work was excellent.
Really accurate and interesting assessment - many of the new LO's either had very poor lending histories or were pure startups with almost no balance sheets... For these LO's it is venture capital finance but without any big potential upside.... The (likely) default of Metrokredit was highly predictable - we had initially scored it 13/100 and then it fell to 11/100. There are quite a lot of others with similar scores. However there are quite a few decent ones too...
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Post by explorep2p on Oct 28, 2019 8:56:02 GMT
Hi Forum There's been a lot happening at Mintos recently, with new defaults and plenty of rating changes. Some interesting developments emerging with Lendo too. You can find more details on our refreshed ratings page: Latest ExploreP2P Mintos lender ratings
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Post by explorep2p on Oct 2, 2019 20:08:32 GMT
Hello Forum Up to now the quality of information available on the 20+ lenders on Peerberry hasn't been great. We spent several months working with the Peerberrry CEO and his team to put together all the key financial information on the various lenders, and also an explanation of which companies were providing 'group guarantees'. It's a little complicated.... If you are a Peerberry investor, or considering becoming one, hopefully you will find this information useful: Peerberry lender ratings
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Post by explorep2p on Aug 18, 2019 10:53:02 GMT
Hello Forum Just a quick note to highlight that a lot of lenders have now (finally) released their 2018 results in the last few weeks. This has led to a lot of rating changes. There are also 2019 results from big lenders such as Mogo. Check out the updated post for the latest lender financial information, rating change explanations, and scores for new lenders like SOS Credit and others. Latest Mintos lender ratings
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Post by explorep2p on Jul 3, 2019 22:04:50 GMT
Hello Forum Just a quick note to let you know that there have been a lot of changes to our ratings and lender info since we last posted here. Several new lenders, many downgrades, upgrades etc. Today we published reasons for several rating changes and updated the financial information for many companies. You can find it here: Explore P2P lender ratings
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Post by explorep2p on Jul 3, 2019 21:59:41 GMT
That's a great question. It probably goes beyond the rating though. Would some of these startup lenders be even given access to the Mintos platform if there were no shareholder connections? And what is the commercial relationship between Mintos and lender? Usually startups give equity or warrants to investors who are early in providing liquidity for their loans.
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Post by explorep2p on Apr 3, 2019 9:19:52 GMT
We have just updated the ratings as several companies have released their 2018 results. Credit Star, iute credit and Vizia / Banknote had strong results leading to upgrades. Our score for Mogo continues to fall as their balance sheet has become more stretched and bad debts increase, leading to a 70% fall in profits in 2018. Mintos lender ratings
A lot more results should become available in the next 2-3 months and we will update the page as they become available.
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Post by explorep2p on Mar 2, 2019 15:55:52 GMT
Hi Forum Viventor now offers loans from 15 different lenders. Unfortunately they don't offer any financial information on many of these lenders. However we have now purchased all the missing financial reports from the local government company registers. We've put together a page that now shows all the financial information for each lender, and our ratings out of 100 (using the same approach as our Mintos lender ratings). Hopefully this can be of use to current and potential Viventor investors. Link below: Viventor lender ratings
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