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02/02/2021
Sneakypeer Newsletter Week 5
Welcome back to the Sneakypeer newsletter! Below you will find industry highlights from last week.
Mintos releases its first quarterly Risk Score
Mintos, a peer-to-peer lending platform based in the Baltic region, launched a new numerical risk evaluation model in October of 2020- the Mintos Risk Score. Risk Score was launched to replace the platform’s previous risk assessment methodology, Mintos Ratings, and initiate more transparency for investors by providing more in-depth information about lending companies, extensive details about loan portfolios, as well as other useful features.
Last week, Mintos released its first quarterly Risk Score update, based on the data from the third quarter of 2020. Investors are offered the chance to view information concerning the changes made to the company’s Risk Scores and subscores, as well as the option to download a spreadsheet that displays the comparison of Mintos Risk Scores and subscores between multiple quarters.
According to Mintos, the platform mostly experienced positive trends, with a low risk of investments and increasing interest rates for loans on the Mintos marketplace. Among the multiple changes in the Mintos Risk Scores and subscores, accessible on the Mintos Risk Score updates page, the platform accentuates the increase in the Buyback Strength subscore which displays improvements in the financial stability of the lending companies.
EstateGuru funds more than 300 million euros in loans
EstateGuru, a crowdfunding platform based in Estonia, reported funding 200 million euros in loans in May of 2020. Now, less than a year later, the platform reached the milestone of a whopping 300 million.
According to Marek Pärtel, co-founder and chief executive of EstateGuru, the success of the marketplace is directly tied to the recent rapid growth of EstateGuru investors, with over 4000 joining in January, as well as due to the opening of its first office in Berlin, Germany in December of 2020. With high hopes for the future, the platform anticipates becoming the biggest real estate financing platform in Europe by 2025.
