About Mogo and Mintos
Mogo Group is one of the largest used-car financing companies in Europe. Mogo credit was founded in 2018 and by 30 June 2019 already had a net leasing portfolio of EUR 7 million.
Mintos is a Latvian P2P and P2B lending marketplace and among the leaders in Europe. Mintos allows private investors to invest in fractions of loans, including indebtedness under leasing agreements, of various loan originators from around the world.
First refinancing of Belarusian leasing portfolio on a foreign crowd-investing marketplace
The deal was innovative for the Belarusian financial market, since there are no conventional peer-to-business lending platforms in Belarus. Due to regulatory constraints, local platforms work either with bonds or tokens, implying an additional burden for borrowers. These platforms target primarily local investors, so the sums that can be raised via local platforms are modest. To the best of our knowledge, this was the first case when a Belarusian leasing company refinanced its portfolio on a foreign crowd-investing marketplace.