Since Mintos was founded, investors have always been able to invest in loans by means of assignment agreements, which gave them a title over claim rights against the borrower. As the field of fintech matured over time, so did Mintos. In recent years, we have been focused on transitioning our product offering to Notes, regulated financial instruments. The timeline of the transition is as follows:
Until 30 June 2022
- Investments in loans by means of assignment agreements (so-called “claims”) as well as investments in Notes, loan-backed securities, will be available on the Primary and Secondary Markets.
- Only investments in Notes will be subject to regulatory supervision (including the investor compensation scheme).
- Mintos strategies will invest in both claims and Notes.
- Custom automated strategies will allow investors to select lending companies that provide investments in claims and/or in Notes.
- Lending companies will phase out their claim-based offering and introduce investment opportunities in Notes.
From 1 July 2022
- Only investments in Notes, loan-backed securities, will be available on the Primary and Secondary Markets.
- Investments in loans by means of assignment agreements (so-called “claims”) made before 1 July 2022 will gradually amortize over time and can be held until they reach maturity.
- Investors will no longer be able to sell or buy claims on the Secondary Market. They will still be able to cash out from Mintos strategies.
- Mintos strategies and custom automated strategies will invest only in Notes.
- All new investments will be subject to regulatory supervision (including the investor compensation scheme).