Introduction
Mintos is an alternative investment platform based in Latvia. Since its launch in 2015, Mintos has connected investors with borrowers across multiple countries. The platform has facilitated over €10 billion in loans and attracted more than 500,000 investors worldwide.
Mintos Rating: 4/5
Key Information at a Glance
10-12% annually
€50
Yes, as investment brokerage firm
~€100 million
Varies
Detailed Review
How It Works
Mintos offers a diverse marketplace where investors can fund loans issued by various loan originators. Investors can start with as little as €10 and choose from a wide range of loan types, including personal loans, business loans, car loans, and more. Each loan originator on Mintos undergoes a rigorous vetting process to ensure reliability and performance.
Loan originators submit loans to Mintos for listing on the platform. Investors can then select loans based on their preferences, such as interest rate, term, and risk level. Many loans come with a buyback obligation, where the loan originator commits to repurchase the loan if it becomes more than 60 days overdue.
Returns & Fees
- Interest Rates: 10% to 12%
- Average Return Since Launch: 11%
Mintos does not charge direct fees to investors. Instead, it earns revenue by taking a commission from loan originators on the loans facilitated through the platform. This commission structure aligns the platform’s interests with those of the investors, ensuring a focus on high-quality loans.
Platform Features
Mintos offers a range of features to enhance the investment experience, including Auto Invest and a secondary market. The Auto Invest feature allows investors to set criteria for their investments, automating the investment process to match their preferences. The secondary market enables investors to sell their investments before the loan term ends, providing liquidity and flexibility
Performance and Statistics
Mintos boasts impressive performance statistics, with over €10 billion in loans funded and more than 500,000 investors. The platform has maintained an average return of 11% since its launch. Detailed performance data, including historical returns and default rates, are available on their website.
Regulation and Security
Mintos is regulated by the Bank of Latvia. This regulatory oversight ensures compliance with stringent financial regulations, providing a secure environment for investors. Mintos also offers a buyback obligation on many loans, where the loan originator repurchases the loan if it is more than 60 days overdue, mitigating the risk for investors.
Special Considerations
Mintos published its annual report for 2023, highlighting significant growth and achievements. The platform continues to expand its loan offerings and improve its services. Mintos maintains transparency with its investors by providing comprehensive performance reports and regular updates.
In 2023, Mintos saw an increase in both the number of investors and the volume of loans funded. The platform has also made technological advancements to enhance user experience, including a more intuitive interface and advanced investment tools.
Management and Team
- CEO: Martins Sulte
- CFO: Martins Valters
The Mintos management team consists of seasoned professionals with extensive experience in finance and technology. The platform is driven by a commitment to innovation and investor satisfaction.
Conclusion
Mintos is a great choice for investors seeking diversified P2P lending opportunities. The platform’s wide range of loan types, robust regulatory oversight, and innovative features make it a reliable and flexible investment option.