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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Is yours situation too, i think but very very Limited then my situation. Let's protect ourselves from unfairness together
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Is yours situation too i think, but very very Limited then my situation! Let's protect ourselves from unfairness together.
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I have loans from Nera on both Mintos and Bondster. When things started to collapse here on Mintos, I sold about 98% of my Nera portfolio on Bondster (albeit at a discount) and really only kept a minimum out of curiosity about how things would develop on Bondster. What is VERY INTERESTING, however, is that Nera pays interest on Bondster ... the last interest came today. So what the hell is it really like??? Surely it's not a coincidence that the default on repayments occurred as a surprise just before those huge principals were due to be returned? Nera can pay interest on Bondster but not on Mintos? Is someone making fools of us?
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Wasn't it strange at the first place to claim a ZERO default rate ?
60k invested in this, let's pray the lord
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BSRFLO
My friend, I completely agree with your thoughts.
I'm worse off than you! I invested €75,000 in Nera Capital. Add to that €18,000 in defaulted EDS bonds. My God! They've completely put me off investing on foreign platforms. I'm disappointed with Mintos, which stands out positively as a regulated platform. But I'm seeing and suffering these disastrous results! Nera initially offered very high returns, to which they added cashback of up to 3% and more. You couldn't help but fall into!! I'll say nothing more except join you in your prayers!-1 -
Just a very simple question. Do you think an investment with a return of 15-17% is safe? Or even 10%?
For the ones who invested 75k or 50k, I really hope that's just a 5% max of your capital. Any more than that is simply a bad investor. It's investing 101, as simple as that.0 -
It feels like I'm not receiving any repayments or interest at the moment.
Everything goes straight into the "Outstanding Payments" and "Overdue" categories. Frustrating.
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It',s so perfectly
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@zena thank you for your comment !
Totally agree with you. Regardless of the originator that's seems crazy to put more than 10% on it.
Mintos clearly warn on this topic and have indicator telling you..Anyway, I think nera has a good track record of zero loss. That's seems strange to me communication and fully stopping like that.
But there is good sign to nera is huge, mintos didn't stop secondary market so I think good hope for now
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It's really nice to see the outstanding payments on Nera Capital rising day after day, but the money isn't actually there! What a disaster
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Jenda80 it's very interesting what you are seeing and if we stay positive maybe it's a good news
But can you provide more details ?
On bondster are nera Bonds related to UK loan ? because nera not only operate in UK
The principal wasn't a problem becaue it was plan to issue new bond to pay those who are finished yet nothing special here.0 -
Dear investors,
We have followed the questions raised in this thread and want to address them directly. We have today published a detailed update on the Nera Capital situation, available here: https://help.mintos.com/hc/en-us/articles/46958630514833-Update-for-investors-Nera-Notes-current-payment-delays-regulatory-review-and-principal-repayments . It sets out the structure of the Notes, why interest payments have been pending since 26 March, the status of the SRA review, the principal payments due on 20 May that were not made per schedule, and the actions we are taking.
We encourage you to read it in full, the key points are summarised below:
Why interest payments are delayed. The UK law firms that received loans through Nera Notes paused payments at end-March because they are subject to an ongoing solvency-focused review by the UK Solicitors Regulation Authority (SRA). There is no confirmed timeline for resumption.
On the "industry-wide" point raised in this thread. The SRA review covers a set of UK law firms with high-volume consumer-claim caseloads — not the litigation finance sector as a whole. Other funders with a different lending model or borrower base might not be affected. We have been informed the focus of the review for these firms is on their solvency: they have incurred expenses and interest costs on borrowings while the consumer claims they have filed have not yet been resolved, so income cannot yet be recognised.
Principal. The first larger part of principal payments due on 20 May was not made per schedule. We also expect the remaining principal payments not yet due to be delayed, because case resolution is taking longer than original Note maturities. Principal repayment at maturity cannot be guaranteed in current circumstances. That said, even where litigation outcomes are unsuccessful, the After-the-event (ATE) insurance is expected to cover the case costs and serve as a potential source of repayment.
What we are doing. We are in active discussions with Nera Capital, the affected law firms, and other funders of those firms, to find a solution that preserves the underlying litigation cases regardless of the SRA review outcome. This may require changes to the terms of the existing loans. We expect the discussions to continue over the coming weeks. They are not expected to produce a full resolution of the situation or a resumption of payments in that timeframe — resumption depends on the SRA review concluding and normal servicing being restored. This is our top priority right now, and we are pushing on every front we can to protect investors' position.
Our commitment going forward. We will update the article whenever there is verified new information, and at minimum every two weeks even if there is nothing material to report. Each update will be posted in this thread. We will not speculate, and we will provide updates that move the situation forward.
Thank you for your patience.
Regards,
Mintos Team
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Marek (Mintos),
I don't know what you publish today but no siglge word change since originally posted (13-05-26 so not today).
Anyway one really interesting question not answered. Will we have interest paid on delayed payments ?
And has always we know you can be in touch withou a company withou giving us any information for years. Sry to say that but we have no real information on your huge update on what's really. So we understand that SRA must do their due diligence.
But that's sound really strange that even with SRA review account of +80 company are frozen for month and not a single euro can flow from account.
Can you explain that's point ?0
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