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.1 -
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 -
Dear Cyril,
Thank you for your feedback — we are doing our best to address all questions as thoroughly and promptly as possible, and we appreciate your patience. Regarding interest accruing on delayed payments, we can confirm that this case is no exception and that the delayed interest is being calculated as well. On the broader cash flow question, the law firms have made a deliberate decision to pause outgoing payments during the SRA review to protect their solvency position, which we acknowledge is an unusual situation and we are actively working to resolve this together with Nera Capital and other parties involved.
Regards,
Mintos Team
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Cyril F
I'm not entirely sure if this can be a positive ...
There are 2 providers on Bondster - Alende and Rightchoice - both massively supported with very attractive interest rates and MAINLY ONE-TIME repayment method. Both have collected tens of millions of EUR and PURELY RANDOMLY "closed shop" just before the first principal payments were due to start.
The resemblance to Nera is purely coincidental.
The strategy is quite clear. Support with various cashbacks and an attractive interest rate. Collect as much principal as possible. In the meantime, somehow pay interest and just before the principal should start to be returned, simply "close it".
And yes... they are also from the UK on Bondster ...
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It's simply terrifying, it's chilling!! So where is all this financial power described regarding Nera Capital and the huge volume of cases handled by the underlying law firms in various countries, even insured ones? Please give me an answer.
Thank you.0 -
@Pietro I can understand that with the amount you put you feel anxious. It also seems you still didn't fully grasp what the problem is.
It's just a matter of time, there's no default, no bankruptcy. Luckily you weren't around Mintos during the pandemic and the start of the Ukraine war...0 -
Zena,
God bless you. Thank you so much for your encouragement.0 -
@Pietro. What do you want me to say?
I can just repeat that the higher the interest the higher the risk. If it's true that the 70k.you put on nera Is just a small fraction of your capital, what are you crying about? My feeling is that is a big chunk of your money and now you are crying river because you fell to your greediness. For me is 5% of my investment on Mintos which is risky business anyway. Not happy about it, but I'm not desperate either.On one thing you're right. You should have put your money on BTP at 2.6%, other investments aren't for you
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Dear Zena,
I accept the criticism and take it to heart because it's fair. However, I must let you know that the €70,000 invested in Nera, which I hope hasn't been lost yet, represents less than 5% of my total assets. I invest on 9-10 platforms to diversify, almost all of them regulated—Bonfora, Twino, etc.—and yet, this situation is causing me great annoyance and concern because of the way it's evolving. I wonder how it's possible that Nera Capital, with €61,000.000 in outstanding and unrepaid loans for overdue capital on Mintos, can continue to operate regularly, requesting loans on other platforms, without obstacles, from what I understand. This can't be the case. Our capital is at risk? I wonder if we, as creditors, could suffer further damages during the foreclosure and enforcement proceedings against the company, if Nera defaults on other platforms! Someone correct me if I'm wrong! I trained as an accountant. I'll write a letter to support to ask for clarification on this. You decide whether to do the same. In any case, I'll withdraw everything from Mintos as soon as possible and close the position because I feel disappointed. This isn't a scam, but rather a systemic risk centered on a flawed and extremely risky business model. Mintos,
with its experience, in my humble opinion, should have required stricter due diligence criteria when Nera joined. I can't believe it didn't take this type of risk into account! Let's hope this matter ends as smoothly as possible. It will remain a lesson for me in any case! Best regards.0 -
I got a reply from the SRA on 22e of May that promised some update under their Transparency Code, but it was postponed to the 5th of June. curious if that will bring a bit more clearity.
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Bravo Ugo. Io ho scritto direttamente a Nera per chiedere chiaramente come stanno le cose per noi investitori Mintos. Ancora nessuna risposta!
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