Thank you, I've certainly adjusted my lending portfolio as a direct result of the information you have provided. I really hope those weaker ones are paying attention and try to improve their score. Releasing up to date and reliable financial information seems to be something easy to improve unless the companies are deliberately holding back bad news.
"During 2016 the owners of Hipocredit appear to have withdrawn €500k of equity, leaving it with only €135k" - this part is very interesting. I used to have quite a lot of trust in Hipo going by the track record my loans with them, but this along with the other information provided makes me more uneasy about them.
According to Mintos statistics there are no 60+ days buyback guaranteed loans right now (except Eurocent of course, that defaulted last summer). Maybe it is the weekend or some other holiday that delayed the buyback guarantee to kick in for a couple of days...
We've just updated our tables for the new Mintos loan originators Dindin, Pimpay & Bino.
As you will see we don't rate them highly. We understand that the loan originators can choose what financial information they will provide Mintos investors, and no minimum standard has been set. Some of these lenders are effectively startups that are not disclosing how much equity investment they have received.