Latvian loan fintech Mintos reaches €1 billion in total loans financed

Three and a half years after its launch, the Latvian fintech Mintos has reached a milestone of €1 billion in total loans financed through its marketplace. Founded in 2014, the company offers an online marketplace for loans and has been rapidly expanding it’s reach across the globe. Using Mintos loan platform, investors can invest in a variety of sectors, including business, agriculture, real estate as well as in short-term personal and car loans. The annual profit for investors has averaged at close to 12%, and in the three and a half years since the Mintos launch, investing with the company has yielded investors over 25 million euros.

The minimum investment in one loan with Mintos, a peer-to-peer lending marketplace that connects investors with borrowers of various loan originators, is EUR 10. The company has seen the biggest jump in investment this year. As of September this year, the investors have invested combined over 500 million euro. Mintos currently has almost 76,000 investors from 70 different countries, inlcuding Germany, UK, Switzerland, the Netherland, Spain, Finland, Sweden, Norway and other European countries, as well as Australia, New Zealand, United States, China, United Arab Emirates, India, Brazil, and Argentina. These investors have invested in loans originating from 50 lending companies from 24 different countries. The average amount invested is EUR 4 500.

“Through the platform, financed by credits billion worth is an important and enjoyable point of reference for the current operation, which shows both the business model and growth potential, but it is only the beginning. From the moment of its foundation, we have set global ambitions and focused on it to create a sustainable global business. Investors and credit lending number, using the platform is growing literally by day - every week registers more than 1,000 new investors, and on a monthly basis through the platform we are invested more than 100 million euros, which means that the pace of the second billion will reach after 10 months,” says Mārtiņš Šulte, chairman of the board and co-founder of Mint.