Any update on Kviku?
Could you provide an update on the loan originator Kviku? I recently read a post that mentioned some confidentiality. In your January 16th blog post on Kviku, it was stated: "To protect the interests of investors, we cannot currently disclose more details about the recovery of outstanding amounts. However, we took action in November to accelerate the recovery." Can you provide more information on how this confidentiality protects current investors holding Kviku loans? I hope for increased transparency. Other Russian loan originators have already established repayment plans. What is the reason for Mintos' decision to keep this information confidential?"
-
THink of it as lost money, if something comes back great, but i dont think its mintos fault. The moment they take things to court is another level. Kivku "stole" that money, they used it to lend mother russia money for war. this can take more years, and we are not paying anthing for the court process, so let them handle it and keep your money diversified. This can hapen anytime, money is at risk, i dont think mintos paying from their pokets the big chunk of money will help the future of hthe platform.
They could have oofered a 50% recover paid by them to whoever wanted and if they recover more take it for the company. But i think that train passed a long time ago.1 -
Marek (Mintos),
Hello,
As expected nothing happen Q1 2026... So now what is the expected target ?
What information have you received from kviku for this missed deadline ? How often do you contact them ?
I don't expect good news and can understand any failure but please Marek (Mintos) share a plan.0 -
Hello Lucja (Mintos) Marek (Mintos),
Any new on this we have crossed Q1 2026 and still not communication on kviku.
Can you share a plan with this company ? What mintos is doing on this topic ?
Thanks1 -
I’ve been comparing the communication I received from Mintos in December 2025 regarding the 'sold' Kviku debt with the official complaint response I received in April 2026.
There is a concerning discrepancy in the timeline:
-
In December 2025, Mintos stated that their recovery estimation for the sold portion of the debt remained 'realistic.'
-
In April 2026, Mintos officially confirmed me that the relevant Russian court proceedings had already concluded unfavorably in October 2025.
This means that when investors were told in December that the outlook was 'realistic,' the legal basis for that outlook had already failed two months prior. I am sharing this because I believe transparency is vital, and I am currently escalating this discrepancy to the Latvijas Banka. If you have experienced similar conflicting communication, you may want to consider doing the same.
0 -
-
Hello Lucja (Mintos), Marek (Mintos)
Any news ? why so silent ?
Can you share a plan ? or expected Timeline ? What mintos is doind on this topic ?
Thanks0 -
Dear Investors,
Thank you for continuing to engage on this thread, and we understand the frustration with the lack of visible progress. We want to be as transparent as we can without putting the recovery process at risk, here is where things stand.
Some of the conditions tied to the sales of debt agreement have not yet materialised. We will share an update as soon as there is something concrete to communicate and that does not put agreement at risk.
We are still expecting there to be a recovery in the range of 50-75%. Current expectation for more clarity on this is expected no later than the end of Q4 2026, when the relevant asset is due to mature.
We remain committed to pursuing the best possible outcome for investors with Kviku exposure.
If you would like to discuss the specifics of your situation or understand our stance in more detail, please email us at support@mintos.com and we can schedule a call. Money movement involving Russia remains operationally complex, and we will post here as soon as there is something concrete to share.
Mintos Team0 -
Hello Marek (Mintos),
Thanks for this explanation. But you are basically tell us to wait almost one more year and crossing finger it will be ok.
Can we now what are those conditions ? What wasn't fullfilled by end of q1 2026 that will be at the end of year ?
And the most enjoyable/laughable part you are telling us you keep silence to not put agrement at risk?
How do you call a situation without any payment, and basically no info with an expected recovery rate of 50%-75% if not at risk ?
Sry but no payment for +4years and a recovery rate of 50%-70% in +1year I already call it a loss so I really don't care if anything goes wrong because you communicate.
I prefer to be fixed and loosing than waiting i don't know how much time more0 -
Has Mintos considered other terms it could offer investors? Perhaps Mintos would buy back the debt in exchange for the investor investing the entire amount for a specified period?
0 -
With due respect to other investors, continuing to ask Mintos the same questions over and over while getting the same "answers", is the definition of madness. I am consulting with a lawyer to take appropriate action, and I'd suggest you to do the same.
0 -
Ignacio Nieto Carvajal
That's a good point^^
But in my case, consulting a lawyer ang going for year of procedure to retrieve wihtout much guarantee such a relatively law amount will mean increasing loss.I repeat myself I have no problem with loss it's part of the game and you should invest in consequences. I just don't like to loose without understanding however it's call robbery
0 -
Hello Mintos! You was writing this way back in 2023. At this point why not accept the 2026 bond that kwiku had offered us?
3 august 2023
There are no changes from the previous month. Kviku informed us post fact that it had unilaterally converted its debt to investors on Mintos into a non-interest bearing bond in RUB with a maturity of 2026. We never agreed to such an approach, as it’s not in the interest of investors. Moreover, we have reasons to believe that the conversion done by Kviku violates local requirements.
We can reassure you that we are being represented in these court cases, and we are defending the interests of our investors. Besides these cases, our consultants are also actively working on recovering investors’ money. Please understand that we can only share information on legal cases with a delay, as being too transparent might give away vital information to the opposing party. We’ll share more updates as soon as we can.
0 -
Dear Paolo,
Thank you for your question. We did not accept the bond offered by Kviku because doing so would have placed investor funds into a restricted account structure, Account type C, that Mintos could not effectively access or control due to the current Russian regulatory environment. In practice, this would have reduced our ability to protect investor interests or pursue recovery of the funds.
We continue to pursue recovery through the available legal and operational routes, with the goal of achieving the best possible outcome for investors. We expect to have more clarity in Q4 2026 when the relevant asset matures, and we will share updates as soon as we are able to.
Mintos Team0 -
Hello Marek (Mintos),
From the wording, it sounds like Mintos may have chosen some kind of option-based or conditional structure tied to the maturity of the underlying asset instead of a direct immediate settlement.
Could you explain why this structure was likely chosen and what advantages it brings for investors compared to a simple discounted settlement today?
0
Accedi per aggiungere un commento.
Commenti
103 commenti