Mintos is unique in the way that we do not issue loans – the loans are brought to the platform by our partner lending companies from around the world. Lending companies provide alternative financing to individuals and small businesses. To help fund the loans they issue, lending companies cooperate with Mintos to offer loan-backed investments to retail investors.
Currently, 70+ legal entities from 20+ countries offer investments in loans via Notes on Mintos.
There are 2 ways how Notes can be created:
- In the direct structure, the issuer acquires the title in loan receivables from the lending company that extended these loans to the borrowers.
- In the indirect structure, the loans underlying the Set of Notes are issued to the lending company by a special purpose entity within Mintos group. These loans are collateralized with loans the lending company issued to its borrowers. The indirect structure is applied when there are reasons why the issuer can't acquire the loans against the borrowers.
- Investors can find more information about the applicable structure and the role of each entity in the base prospectus that applies to the Set of Notes.