At the very beginning of Mintos, we considered several names for the commitment from the lending companies to buy back loans in case of a borrower default. Eventually, the term “buyback guarantee” was chosen as we considered it a widely used legal term, understandable to all involved parties.
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AS Mintos Marketplace (registration no. 40103903643, legal address: Skanstes iela 50, Riga, LV – 1013, Latvia) is an investment firm licensed and supervised by Latvijas Banka, the central bank of Latvia. License number 06.06.08.719/534.
Mintos is a member of the national investor compensation scheme established under EU Directive 97/9/EC. The scheme protects investors by providing compensation if Mintos fails to return financial instruments or cash to investors. The maximum compensation an investor can claim under the scheme is 90% of their net loss, up to a maximum of €20 000.
Investing in financial instruments involves risk. There is no guarantee to get back the invested amount.
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