Nera Capital again

Ugo

• April 21, 2026 08:37

It took Mintos long time to come up with a reaction from Nera Capital why they did not pay interest over € 61 million since 25th of March:

 Nera has provided the following message to investors: Law firm payments are delayed due to ongoing investigations of borrowers/law firms by the SRA. This is a market-wide position for more than 80 volume litigation law firms in the UK due to the collapse of some law firms and the SRA being under pressure to properly regulate the sector. They must be shown to protect consumers and their claims against duration and other risks. 

Due to this, the law firms are not going to make interest payments until the investigation is concluded and their solvency is satisfied to protect their position. The payments will be made as soon as the investigations are complete. Additionally, pending payment interest will be calculated on the delayed payments.

It is important to note this has nothing to do with processing, compliance, governance, or other regulatory issues. It is down to solvency and making sure contingent law firms throughout the UK are properly capitalized to maintain their operational expenses until settlements start to flow. This is an important factor for all stakeholders, and while currently frustrating, it will ultimately work out well long term.

This is not a very satisfying answer. First of all there is no direct, formal relationship between Nera Capital and the SRA (Solicitors Regulation Authority). Nera is Irish and SRA exclusive British. They operate in different, albeit connected, spheres of the UK legal landscape. Nera works for a big part in the UK but also has a strong rapidly extending business outside the UK. So what about the interest payments over loans that are placed worldwide outside the UK. In other words  Mintos go back to contact them and do your homework in the interest of your clients.  

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  Ugo

  • April 21, 2026 08:47

  Reading the following article and combine this with the lack of payments from Nera and you might conclude they are in trouble.

  https://www.pinsentmasons.com/out-law/news/sra-warning-notice-high-volume-claim-firms  

  As usual Mintos presents trouble with sunny side up, but longtime investors know that mintos can make you soaking wet and losing lots of money.

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  bsrflo

  • April 23, 2026 09:41

  From their presentation "There have been zero defaults to date." -> To be continued. 
  
  I hope they are going to repay investors.

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