Nera Capital!!
What is happening with Nera Capital loans?. All contracts tell only interest payments till expiration. But today NC started principal repayment of all loans running for 3 months or less and also some 17% interest loans still running for 8 months. Are there no secured agreements between Mintos and Credittors? Seems like it and an ongoing issue creating most of the loan problems?
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Ugo,
If Mintos, a leading platform with a respectable volume, was truly defrauded as you say, after a historic experience, then it's best to change careers. I expect Mintos to provide a sincere and transparent response on this matter from every perspective!0 -
A quote from a Linkedin post:
The underlying UK law firm borrowers have stopped paying interest to Nera while an SRA review is ongoing. Over €61m is reported as unpaid since late March 2026; restructuring discussions are in final term sheet stage.
Two Nera-funded UK law firms are worth pulling out as accounts have just been belatedly filed by one and the other is due this week.
Veritas Solicitors LLP (OC332899), a major Nera borrower at approximately £45m of secured exposure. Its FY24 audited accounts (year ended 29 November 2024) were filed at Companies House on 11 June 2026, 9.5 months past the statutory deadline. They show that of £11.56m of interest that crystallised in the year on cases settled, only £5.96m was paid in cash to the funder. Roughly 52p in the £. Interest at 37% to 39% applies on the Nera facility, contingent on case resolution; the £11.56m fell due as cases settled in FY24, and even that crystallised cohort could only be partially serviced. Loss for the year £13.78m on turnover £9.79m; net liabilities £22.69m; cash £806k. The position is now 18 months stale; whether the repayment rate has improved is not on the public record, but on the FY24 trajectory there is no obvious reason it would have. FY25 accounts due 29 August 2026.
Barings Limited (07072321), trading as Barings Law. FY25 accounts due this week, 27 June 2026. The FY24 set (year ended 30 March 2024) showed approximately £45m of borrowing on roughly £300k of turnover, with cash of £59k at year end and a loss of £13.06m. The numbers to watch in the FY25 filing: whether turnover has moved, and what (if anything) has been repaid on the £45m principal in a year in which the funder itself stopped receiving interest from its borrowers.
Both firms are heavily exposed to PCP claims. The FCA's motor finance redress scheme (PS26/3, 30 March 2026) has been legally challenged. The FCA does not expect tribunal hearings before October 2026; substantive resolution plus any appeal track is likely to run through 2027 and possibly into 2028.
So the picture: borrowers under pressure to repay; funder unable to pay its own investors; the main monetisation event (motor finance redress) pushed out another year or two by legal challenge. Pressure will mount on the borrowers to repay, with no money left for reinvestment in new cases.0 -
I've just searched barings law reviews over the web and that's not comforting.. These fraudsters
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