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Mozipo IFN
Roumanie
Mozipo IFN S.A. is a Romanian non-bank lender making small online loans to people. Mintos investors lend it money and earn interest. Our memo scores it 42 out of 100, a D, and puts the chance it fails to pay within a year at about 10.8%.
Chiffres clés
- Taux moyen
- 9.23%
- moyenne, non garantie
- Portefeuille de prêts
- €2,410,100
- Dès
- €50
Capital à risque. Le taux est convenu, et non garanti : si un emprunteur fait défaut, vous pouvez perdre une partie ou la totalité de votre argent.
L'IA investirait-elle ?
IA 42 FaibleNotre IA attribue à ce projet 42 sur 100 : Faible. Comment fonctionne le score IA
Information, et non conseil en investissement personnalisé. Le score IA évalue les documents publiés par la plateforme, peut se tromper et ne prédit pas les rendements.
Analyse IA
IALender memo · Romania
Mozipo IFN: how likely is it to fail to pay its lenders?
Mozipo IFN S.A. is a Romanian non-bank lender making small online loans to people. Investors on the Mintos platform lend money to it. This memo asks one question: what is the chance it fails to pay those lenders back in the next 12 months, and why.
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
42/ 100
D Weak
ABCDE
about 10.8%chance it fails to pay in the next 12 months
about 1 in 9the same number, put the other way round
Where that sits on our scale
On our scale a D grade carries a portfolio limit of 2%. A second limit also applies: Romania is a D country on our scale, so every Romanian lender we cover is held to 5% between them — and because Mozipo IFN and its Lithuanian sister are funded by the same investors through the same platform and lend to each other, we count the two together inside that 5%. The tighter limit wins. These caps are a convention of our scale, applied to every lender we cover. They are not advice about your money.
A thick cushion on top of a bad loan book, a profit that has nearly gone, and a bank line extended only to June 2026
Two things pull hard in opposite directions here. At the end of 2025, 31.6% of the loan book was in default, down from 36.5% a year before but still nearly a third of it. Against that, the owners have put in and left in RON 11.83m, about €2.3m, which is 37.3% of everything the company owns. No dividend has been taken out of it.
A thick cushion is exactly what a bad loan book needs, and it is why this company scores 42 rather than failing outright. What the cushion does not fix is the direction of travel: profit fell by half in 2024 and, in the audited 2025 accounts, by about two-thirds again, to RON 308,998. And its bank, TBI Bank, which lent it RON 8.63m (€1.69m), extended that line at the end of February 2026 only to 1 June 2026, by the bank’s own decision after a change in its lending strategy. That date has passed, and we could not find out what happened.
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. None of them is triggered here — BDO’s report on the 2025 accounts is clean and raises no doubt about the business continuing, which is worth saying plainly about a company whose loan book looks as bad as this one does. Two things would pull the answer the other way, a guarantee from a stronger owner or a credit rating, and neither applies either. Section 4 sets out both.
💶 Earnings and cushion D
about 6.9%Owners’ money is still 37.3% of assets and no dividend has been taken. But what is left of every 100 lei of income fell again, to 2.67, and the main bank line was extended only to 1 June 2026.
📉 Are its loans being repaid? E
about 26%31.6% of the book in default at the end of 2025, down from 36.5%, but still nearly a third. 2,016 of 5,808 loans were more than 90 days late. The provisions are again the auditor’s key audit matter.
🇷🇴 How risky is Romania? D
about 12.5%One of the weaker countries we cover. It lends in lei and borrows in euros, and the leu weakened after the year end. A draft ordinance would cap exactly the fees it earns.
⚖️ Trust and warning signs C
about 5.1%Clean audits from BDO, now including 2025. But the central bank’s findings from its 2024 inspection are still not public, and the 2025 notes contain several slips.
Nearly a third of the loan book is in default, though less than a year before.Defaulted loans were RON 11.45m of a RON 36.23m gross book at the end of 2025 — 31.6%, against 36.5% at the end of 2024. Part of the improvement came from selling bad loans to collectors: income from those sales rose to RON 1.15m from RON 0.36m. By number, 2,016 of 5,808 loans were more than 90 days late. The company has set aside 60.0% of the defaulted loans, down from 64.6%. BDO again made those provisions its key audit matter — the one judgement the auditor singled out as hardest.
Profit has fallen two years running, and the main bank line was extended only to 1 June 2026.Profit after tax was RON 1,699,491 in 2023, RON 885,643 in 2024 and RON 308,998 in 2025, now audited — a fall of about two-thirds. Interest on its borrowing rose to 20.08 of every 100 lei of income, and a weaker leu cost it RON 417,568. At the end of 2025 it owed TBI Bank RON 8.63m, due within a year, against RON 1.92m of cash. At the end of February 2026 TBI Bank extended the line only to 1 June 2026 — in the notes’ words, “TBI Bank’s decision following the change in its lending strategy in Romania”. We could not find out whether the line was renewed, replaced or repaid.
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 Mozipo IFN: Mintos shows an average rate of 9.23% on this company, read on 9 November 2026; the Mintos contracts in the audited 2025 notes carry 15–16% a year. On our reading the chance of this company failing in the next twelve months is about 10.8%. If about one in nine lenders like this one fails and about 70% of the money is gone when they do, the risk costs about 7.5% a year. On those numbers the reward is about 1.7% once the risk is paid for — still positive, but thin. Check the rate you are actually offered, because ours is the platform's average.
Three things worth holding on to
1. A cushion is only useful before it is spent
Owners’ money of 37.3% of assets is genuinely high, and it is why a loan book this bad has not become a lenders’ problem. It is also finite: it absorbs losses once, and it does not pay a bank that wants its money back.
2. A guarantee is worth what the guarantor is worth
Three sister companies were named as guarantors of the original 2017 Mintos loan. That loan was repaid in full in 2025, and the notes name no guarantee on the Mintos contracts now in use. None of the three had a credit rating anyway. We give it no credit.
3. Audited figures still stop at a year end
The 2025 accounts are now audited, with a clean opinion signed on 8 May 2026. What they cannot show is what happened after: the bank line due on 1 June 2026 and a weaker leu. Those are the two things to watch.
The company at a glance
What it is
Non-bank lenderAn IFN on the National Bank of Romania’s special register, number RS-PJR-41-110098 as given in its own 2021 credit-line contract. 20 full-time staff in Romania and 4 in Lithuania at the end of 2025.
What it sells
Loans of 100–20,000 leiOnline, over 2 to 60 months, unsecured, to people living in Romania. Interest from 4.9%; an example offer is 24.99% a year all-in. Short loans run at 0.8% a day.
How big
RON 27.26m loan bookAbout €5.3m, at the end of 2025. Income of RON 11.59m in 2025, about €2.3m, down 5% on 2024.
Who owns it
Mozipo HoldingA Cyprus company holds 99.44%. The rest is held by MC Progressio and by Jurgis Petrosius. There is no rated parent anywhere above it.
Where an investor can lend to it
Platform
MintosListed there as Mozipo IFN (Mozipo Group). You lend to the company, not to its borrowers.
Amount outstanding
€2.4mMintos’s own figure, read on 9 November 2026. The audited accounts show €1.70m of Mintos principal at the end of 2025, up from RON 4.13m, about €0.82m, a year before — so money from the platform more than doubled in 2025 and has grown by about two-fifths since.
Rate and Mintos Risk Score
9.23% · score 7.1 out of 10From Mintos’s public list of lending companies, read on 9 November 2026: average rate 9.23%; Mintos Risk Score 7.1 (portfolio performance 8.4, servicer efficiency 7.9, buyback strength 4.4, cooperation structure 6.7), as updated by Mintos on 9 October 2026. The buyback terms themselves open only to someone logged in, and we have not read them.
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Information, et non conseil en investissement personnalisé. Le score IA évalue les documents publiés par la plateforme, peut se tromper et ne prédit pas les rendements.
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