Regulada
Bono activo
Venta anticipada
- Nivel de riesgo
- Alto
- Riesgo-rentabilidad
- Media
- Desde
- €50
Enlace de afiliado · capital en riesgo
Ver 42 proyectos →
mogo LT
Lituania
UAB mogo LT leases and lends against cars in Lithuania and belongs to Eleving Group. Mintos investors lend it money and earn interest. Our memo scores it 36 out of 100, an E: on its own the chance it fails to pay within a year is at least 25%, or about 3% with its parent's guarantee.
Cifras clave
- Tipo medio
- 13.8%
- media, no garantizada
- Cartera de préstamos
- €33,685
- Desde
- €50
Capital en riesgo. El tipo está pactado, no garantizado: si un prestatario incurre en impago, puede perder una parte o la totalidad de su dinero.
¿Invertiría la IA?
IA 36 BajaNuestra IA da a este proyecto 36 de 100: Baja. Cómo funciona la puntuación de la IA
Información, no asesoramiento personalizado de inversión. La puntuación IA valora los documentos que publica la plataforma, puede equivocarse y no predice la rentabilidad.
Análisis de la IA
IALender memo · mogo LT · Lithuania
mogo LT: how likely is it to fail to pay its lenders?
UAB mogo LT lends against cars in Lithuania — leasing and leaseback, an average loan of €8,029 over fifty-seven months, at annual rates from 26% to 90%. It has thirty-one staff in Vilnius, fourteen fewer than a year ago, and has been on the Bank of Lithuania's public list of consumer credit providers since the end of 2012. It belongs to Eleving Group, and it owns all of a second Lithuanian company, UAB Renti. Mintos investors buy notes issued against its loans. This memo asks one question: what is the chance it fails to pay its lenders back in the next 12 months, and why.
Update, 9 November 2026In October 2026 Eleving Group repaid most of the money its companies had borrowed on Mintos, using a new €200 million bond (9%, due 2032). On 9 November 2026 Mintos showed €33,685 lent to mogo LT by its investors (13 September: €0.75 million). The company is still listed as active on Mintos, but there is little or nothing to invest in now. Eleving uses Mintos as a flexible source of money and has come back before. This memo describes the risk if its notes return or if you still hold some.
THIS IS NOT FINANCIAL ADVICE. This memo was prepared with the help of AI from publicly available documents. It is general information for education only — not a recommendation to buy, sell or hold anything, and it does not take account of your circumstances. Figures may contain errors; check them against the original documents. Investing through P2P platforms can result in the loss of all money invested.
Our score
36/ 100
E On its own
ABCDE
at least 25%on its own — one of our vetoes applies to its own accounts
about 3%because Eleving Group guarantees it to the Mintos issuer — about 1 in 33
Where those sit on our scale
On its own an E grade carries a portfolio limit of nothing at all. With the guarantee the odds become Eleving's, and the limit that matches those odds is 12%, counted inside whatever room Eleving as a group is given. Lithuania is an A country and would allow 40%, which does not bind. These caps are a convention of our scale, applied to every lender we cover. They are not advice about your money.
One of our vetoes applies to this company's own accounts. The answer is tolerable only because its parent guarantees it
The marks come to 36, which would be a D. They are not what decides this memo. One automatic veto applies. mogo LT has lent 9.3 times its own cushion to its subsidiary Renti, on its audited 2025 accounts — our line is half. That alone makes this an E and sets the odds at 1 in 4 or worse. A second veto in our October memo, a going-concern doubt in the 2024 audit report, no longer applies: the audit report on 2025, signed on 22 April 2026, carries no such paragraph.
What changes the answer is the parent. Mintos's own base prospectus for these notes states that Eleving Group S.A. "guarantees to the Issuer the performance of Lending Company's obligations". Eleving is rated B by Fitch with a positive outlook, affirmed on 12 December 2025, and we found no rating action since. A confirmed guarantee from a rated parent is one of only two things in our method that improve the odds, and it replaces them with the parent's: about 1 in 33. The guarantee runs to the Mintos issuer, not to you directly.
So the honest summary is this. mogo LT notes are Eleving exposure that passes through a weak company. If you are comfortable lending to Eleving Group at about 13.8% you may be comfortable here; if the question you were asking was about mogo LT itself, the answer is the first number, not the second.
Six things would stop us scoring at all and send the answer straight to E — a default, a missed payment to a platform, a regulator pulling a licence, an auditor doubting the company can continue, a broken promise to a lender, or accounts we cannot rely on. One of them applies on its own accounts, and section 3 sets it out. Two things would pull the answer the other way, a guarantee from a stronger owner or a credit rating. One of them does apply, and it is the only reason this memo gives a second number.
💶Financial strengthE
Lost money in 2024 and 2025. Interest to its own lenders is larger than what it earns from customers.
📉Loan bookD
A small car book in run-off, and getting worse as it shrinks: 12.8% of it was defaulted at the end of 2024. No arrears table for 2025.
🇱🇹Country: LithuaniaA
The best country score we give. None of this company's problems come from its market, though the rate cap falls on 20 November 2026.
⚖️Group and other risksE
A conduit for group money, audited by a firm registered at the company's own address, and a guarantor of Eleving bonds many times its own size.
The veto — it has lent 9.3 times its cushion to its own subsidiary. Its audited accounts for 2025 show €14,044,291 lent to UAB Renti at 31 December 2025 (€13,880,000 due after a year and €164,291 within it), unsecured, at 13% a year and repayable by 11 October 2030, against total equity of €1,515,853. That is 9.3 times its own money. Our line is 50%. Either way this is not a lender with a subsidiary — it is a company whose main asset is a loan to a company it controls.
No longer a veto — the going-concern doubt. The 2024 report, by UAB ROSK Consulting, carried a material uncertainty related to going concern, and Mintos repeated it in the October 2025 prospectus. The audit report on 2025, by the same firm and signed in Vilnius on 22 April 2026, has no such paragraph: it gives its opinion and goes straight to the basis for it. So that veto is gone. The company still lost money in 2025, and the first veto alone keeps this an E. There was also a contradiction the filing does not explain: the 2024 going-concern paragraph says current liabilities exceed current assets, and the audited balance sheet it accompanies shows the opposite.
Its parent has just refinanced, and part of what it is refinancing is Mintos. On 1 October 2026 Eleving Group priced €200m of senior secured guaranteed bonds at 9% in a private placement. The stated uses are refinancing the €90m 13% bonds due 2028, refinancing part of its Mintos liabilities, and funding portfolio growth. An exchange offer of €25m for the 2028 holders was announced on 7 October and runs to about 20 October 2026, so it is open as this memo is written. Two things follow for a Mintos investor: the group has clear access to the bond market at a rate four points below the debt it is retiring, which is good for the guarantee this memo relies on — and the group has said it intends to replace some of its Mintos funding, which may mean this exposure shrinks rather than grows.
Why this number matters
Every investment carries risk, and risk is not really a letter or a mark out of ten. It is two plain questions: how likely is it that this company fails, and how much of your money would you lose if it did. Put those together and you can see whether the reward is worth it.
For mogo LT there are two answers, and the difference between them is the guarantee. Taking the company on its own, at least a 25% chance of failing and about 30% of the money coming back: the risk costs roughly 17.5% a year against an average investor rate of 13.8% — more than the rate pays. Taking Eleving's guarantee at face value, about a 3% chance: the risk costs roughly 2.1% a year, leaving about 11.7 points. Those are not small differences of degree. They are different investments, and which one you are making depends on a guarantee given to the Mintos issuer rather than to you.
Show how this works
1. The rate is a promise, not a result
An advertised 10% is what you are promised if everything goes well. What you keep is that rate minus what failures cost you. So the rate on its own tells you very little.
2. Put a price on the risk
Risk cost = chance of failing × share of your money you would not get back. Nobody knows the second number in advance. How much comes back has varied widely from case to case. We use 30% back, 70% lost, as our own working assumption so that memos can be compared with each other — it is not a measured figure, and the answer moves a lot if you choose differently.
3. Compare like for like
Take two imaginary lenders. One pays 14% but has a 17% chance of failing within the year: the risk costs about 11.9% a year, leaving roughly 2%. The other pays 9% with a 2.5% chance: the risk costs about 1.8%, leaving about 7%. The lower rate is the better deal. That is the whole idea.
The company at a glance
What it is
A registered consumer credit providerOn the Bank of Lithuania's public list, registered 31 December 2012. We read the Bank's own entry on 12 October 2026. It takes no deposits.
Who owns it
AS Eleving Stella, LatviaWholly owned, within Eleving Group, which is rated B by Fitch with a positive outlook, affirmed 12 December 2025. mogo LT in turn owns all of UAB Renti.
What it sells
Car leasing and leasebackAn average car loan of €8,029 over fifty-seven months, at annual rates from 26% to 90%. Thirty-one staff in Vilnius.
How big it is
About €6.0m of customer loansGross, at June 2025, on its own balance sheet; the Mintos prospectus puts gross receivables at €3.1m. Interest income was €3.08m in 2025, down 9%. Owners' money €1.52m.
On Mintos
€33,685 outstandingRead on 9 November 2026, down from €0.8m on 13 September (see the update at the top), at an average investor rate of 13.8%, with a Mintos Risk Score of 9.4 updated on 9 October 2026 (loan performance 10.0, servicing 10.0, buyback 9.3, structure 6.0). Notes are issued by SIA Mintos Finance No. 1. All platform figures are Mintos's own.
What protects you
Buyback, and the parent's guaranteeThe underlying receivables are pledged to the issuer, and Eleving Group guarantees mogo LT's obligations to the issuer — not to investors directly.
El análisis completo cubre al prestatario o la empresa, la garantía, el flujo de caja, los riesgos y un veredicto. Inicie sesión para leerlo.
Información, no asesoramiento personalizado de inversión. La puntuación IA valora los documentos que publica la plataforma, puede equivocarse y no predice la rentabilidad.
Preguntar a la IA sobre este proyecto
Inicie sesión para preguntar a la IA sobre los documentos de este proyecto.
Iniciar sesión¿Le gusta este proyecto?
👍 Sí · 0 👎 No · 0
Comentarios · 0
- Aún no hay comentarios.
La plataforma y proyectos similares
Ofrecido en
Proyectos abiertos similares
Placet Group
Mintos
- Tipo medio
- 9.22%
- media, no garantizada
- Cartera de préstamos
- €1m
Desde €50
Ver proyecto
ESTO AS
Mintos
- Tipo medio
- 7.21%
- media, no garantizada
- Cartera de préstamos
- €34.8m
Desde €50
Ver proyecto
IuteCredit Bulgaria
Mintos
- Tipo medio
- 8%
- media, no garantizada
- Cartera de préstamos
- €518.8k
Desde €50
Ver proyecto