MINTOS Review: Peer to Peer Lending

MINTOS is a peer-to-peer lending marketplace that connects investors with borrowers of non-bank lenders. It is an easy and transparent alternative to the traditional banking system. At Mintos, both retail and institutional investors can invest in fractions of loans originated across Europe. Currently, Mintos offer the opportunity to invest in mortgage loans, personal unsecured loans,car loans, invoices, and small business loans. The minimum investment in one loan is EUR 10.

Mintos is open to international investors.

Founded: 2015

Origin: Latvia

Buyback guarantee: Yes

Secondary Market: Yes

Autoinvest: Yes

Minimum investment: 10 EUR

Members
  • adibu012
  • Blend Network
  • canythould43
  • galpu
  • himeed49
  • impsithe
  • LC_Cosmo
  • mikelis
  • Moezzat
  • p2pinvestor
  • p40l0m4r
  • runted
  • sedgerhy10
  • uriah
  • xancadaval
Recent Group Photos
https://www.globalp2plending.com/images/groupphotos/46/535/thumb_dbc9a13c7f139a547a222164.png
Videos
  • Mintos Investor WebinarN/A
  • P2P Investments using Mintos11:32
MINTOS Review: Peer to Peer Lending
  • uriah
    ID Finance CEO and Со-Founder Boris Batine to host a webinar on results for first half of 2020 and successfully navigating the challenge of COVID-19. Thursday July 23d at 4pm CET. Follow this link:
    https://zoom.us/webinar/register/WN_vbi__ikuQLaFSTYn5QZpxA
    131 days ago
  • canythould43
    TASKREDIT has joined Mintos. TASCREDIT a secured car loan lender from Kazakhstan. The company’s loans in euro (EUR) and Kazakhstani tenge (KZT) are now available on Mintos with a B- Mintos Rating and with expected annual returns of up to 11% (loans in EUR) and up to 17% (loans in KZT).
    300 days ago
  • canythould43
    canythould43 added a new photo
    European peer-to-peer lender Mintos has valued itself at more than €100m (£84.5m) as it marks taking a 40 per cent market share of P2P lending on the continent. Figures from data company Brismo shows there was €6.36bn of P2P lending financed in Europe during 2019, of which €2.58bn was invested through Mintos.
    • European peer-to-peer lender Mintos has valued itself at more than €100m (£84.5m) as it marks taking a 40 per cent market share of P2P lending on the continent. Figures from data company Brismo shows there was €6.36bn of P2P lending financed in Europe during 2019, of which €2.58bn was invested through Mintos.
    301 days ago
  • canythould43
    The number of new investors joining Mintos was almost 150% higher in 2019 than in 2018. In total, last year investors on Mintos earned EUR 45 million in interest. On average, a single Mintos investor has an outstanding balance of EUR 4 725 invested across 241 different loans.
    304 days ago
  • canythould43
    canythould43 added a new photo
    After reaching the first billion euros funded in loans on Mintos in August 2018, the next three milestones came in 2019: EUR 2 billion of loans funded in April, EUR 3 billion in August, and EUR 4 billion in November. This impressive growth rate illustrates not only demand for the Mintos service, but overall growing interest in investing in loans among individual investors globally.
    • After reaching the first billion euros funded in loans on Mintos in August 2018, the next three milestones came in 2019: EUR 2 billion of loans funded in April, EUR 3 billion in August, and EUR 4 billion in November. This impressive growth rate illustrates not only demand for the Mintos service, but overall growing interest in investing in loans among individual investors globally.
    304 days ago
  • canythould43
    canythould43 added a new photo
    Mintos 2019 Year Review
    • Mintos 2019 Year Review
    304 days ago
  • canythould43
    Over the last few months Mintos has also made several announcements in respect of another lender – Aforti Finance. This is another lender that has effectively defaulted by not passing on all the payments that were due to investors.
    330 days ago
  • canythould43
    Mintos has announced that it is issuing a notice of default against one of its lenders – Rapido. The background to this is that Rapido had run out of cash and stopped making the cash remittances to Mintos investors that it was legally required to. The notice of default is a legal procedure but essentially the result of this will be most likely that Rapido is forced to either pay all the funds due immediately, or be forced into insolvency.
    330 days ago
  • canythould43
    Already invested in Mintos? If so, share your impressions below. Are you happy with Mintos ? Have you encountered an issue that other investors sho ...
    379 days ago
  • canythould43
    The secondary market of Mintos is huge, almost as big as the primary market. Many investors choose to invest in loans or buy loans that other investors have at a discount.

    If you want to sell a loan so you can get your invested money back, you can do it in the secondary market . To do this you will probably need to sell your loan at a small discount to attract buyers.
    379 days ago
  • canythould43
    The majority (over 99%) of Mintos loans are covered by a buyback guarantee . Each platform defines differently the guarantees it provides in case the borrower fails to repay the loan. Specifically, Mintos stipulates that if the borrower fails to pay the projected monthly installment for 60 days the loan originator will intervene and compensate the investor with the invested capital + interest for the period the investor had invested in the loan, including 60 days overdue.
    379 days ago
  • canythould43
    Mintos is a fast growing company with offices in Riga, Warsaw and Mexico City, and soon in other countries.

    Mintos is the leader of P2P platforms in Continental Europe with a market share of 38% according to the data AltFi . Less than three years after its launch, Mintos reached profitability in 2017 with revenue of € 2.1 million and a net profit of € 196,000.
    379 days ago
  • canythould43
    canythould43 added a new photo
    Mintos is a Latvian P2P platform with investors worldwide. The platform was launched in January 2015 and today offers loans from 58 loan originators to more than 120,000 investors from 70 countries. Loans worth more than € 1.9 billion have been financed since it started.
    • Mintos is a Latvian P2P platform with investors worldwide. The platform was launched in January 2015 and today offers loans from 58 loan originators to more than 120,000 investors from 70 countries. Loans worth more than € 1.9 billion have been financed since it started.
    379 days ago
  • canythould43
    Metrokredit, a loan originator that joined Mintos in July 2018, temporarily has stopped issuance of new loans to borrowers. The existing investors ...
    382 days ago
  • canythould43
    canythould43 added a new photo
    Loans Funded on Mintos
    • Loans Funded on Mintos
    672 days ago
  • canythould43
    canythould43 added a new photo
    Registered Investors on Mintos
    • Registered Investors on Mintos
    672 days ago
  • canythould43
    canythould43 added a new photo
    Loan Originators
    • Loan Originators
    1388 days ago
  • canythould43
    canythould43 replied to discussion Buyback question
    So if you are diversified across 1,000 loans at Mintos and all have a buyback guarantee from one loan originator, is it reasonable to view it as an in
    1388 days ago
  • runted
    runted replied to discussion Buyback question
    Its a guarantee from the loan originator. Essentially it makes your investment a direct loan to the originator. Keep in mind that you are relying on t
    1388 days ago
  • himeed49
    himeed49 posted a new discussion Buyback question
    does a buyback guarantee mean that the loan is transferred onto the balance sheet of Mintos (or is it the loan originator?) ...
    1388 days ago
  • runted
    runted added a new video
    Mintos Investor Webinar 00:00
    Mintos Investor Webinar No description
    1388 days ago
  • runted
    runted added a new video
    P2P Investments using Mintos 11:32
    P2P Investments using Mintos In this short Video i want to introduce you to Mintos: www.mintos.com Please also visit my Blog: https://futureinformatics.wordpress.com/
    1388 days ago
So if you are diversified across 1,000 loans at Mintos and all have a buyback guarantee from one loan originator, is it reasonable to view it as an investment in ONE single company, from the risk perspective? (the loan originator)
Last replied by canythould43 on Wednesday, 08 February 2017