Mintos Adds Solva, an ID Finance Subsidiary, to Platform

Solva, an ID Finance subsidiary that offers personal loans in Georgia, is now on the Mintos platform; Solva has disbursed 28,000 loans totaling EUR12 million ($14.3 million) since late 2016; Mintos provides a platform for retail investors to allocate to various online lenders; Boris Batine, ID Finance co-founder and CEO, stated: “Solva is an innovative product in global online lending. It was developed for prime clients and offers very attractive terms for personal loans. It closely resembles traditional bank loans, but with a focus on transparency, ease and convenience of service. Thanks to our technological innovation and efficient operations, we can offer investors a high annual net return.” Source