Since Mintos was founded, investors had 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 were focused on transitioning our product offering to Notes, regulated financial instruments. The timeline of the transition was 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, were available on the Primary and Secondary Markets.
- Only investments in Notes were subject to regulatory supervision (including the investor compensation scheme).
- Mintos strategies invested in both claims and Notes.
- Custom automated strategies allowed investors to select lending companies that provided investments in claims and/or in Notes.
- Lending companies phased out their claim-based offering and introduce investment opportunities in Notes.
From 1 July 2022
- Only investments in Notes, loan-backed securities, are available on the Primary and Secondary Markets.
- Investments in loans by means of assignment agreements (so-called “claims”) made before 1 July 2022 gradually amortize over time and can be held until they reach maturity.
- Investors are no longer able to sell or buy claims on the Secondary Market. They are still able to cash out from Mintos strategies.
- Mintos Core and legacy strategies and Minos Custom only invest in Notes.
- All new investments are subject to regulatory supervision (including the investor compensation scheme).