JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,317 
Likes: 893
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Post by JamesFrance on Jul 27, 2021 10:44:36 GMT
I had about €650 in recovery at Mintos and just logged in to find about €350 moved to available. Apparently Mintos used legal action to gain payment for all the Aforti defaulted loans. I have just about finished with Mintos now having had to withdraw since they blocked UK investors, but it was very profitable for me since January 2015 when it launched, even though there were some failures to honour expectations by buying back the best original loans and leaving the bad debts.
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jo
Member of DD Central
Posts: 727
Likes: 492
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Post by jo on Jul 27, 2021 13:46:51 GMT
Yes, nice to see. I'm now completely out and it's by far my best XIRR in P2P (16.1% in gbp terms or 12.35% in eur terms).  |
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Post by captainconfident on Jul 27, 2021 15:09:14 GMT
Rates have dropped om Mintos now to an average of about 8.5%. There is simply too much money looking for a return. I read somewhere that 1/4 of Estonian adults now have an account there. However the quality of financial reporting of some of the firms have improved, and some have had successful bond raises. While Baltic P2P is certainly still a risk market, at least there is a bit more clarity than before and returns remained stable through the corona crisis of 2020 without any notable defaults.
Aforti loans are most certainly not being paid back to Viventor lenders. Bummer for me as I had more exposure there than on Mintos. Into each life a little rain must fall. I got soaked by Lendy and significantly damp on TC, so Baltic fintech has been a sunny upland compared to some UK experiences.
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ukinvestor
Member of DD Central
Posts: 116
Likes: 34
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Post by ukinvestor on Jul 30, 2021 20:13:46 GMT
In March this year, Viventor were very bullish. They repaid the Aforti Factor loans and promised an update on Aforti Finance the following week.
Unfortunately, nothing has happened since then...
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