Mintos Marketplace Reaches €5 Billion in Loans Funded

Martins Sulte, CEO and Co-Founder of Mintos

March 7, 2020//- Mintos, a global marketplace for investing in loans, has reached a milestone of €5 billion invested in loans, reflecting the growing demand in the alternative investments market.

The company’s investor base has grown to more than a quarter of a million, with around 20 000 new investors joining the platform each month.

A global demand is depicted by the diversity of investors on Mintos, spread across 91 countries worldwide, and earning over €1,6 million in interest every week from auto loans, mortgages and more.

Typically, assets for investments are divided into three commonly known classes: equities (stocks), fixed income (bonds) and alternative investment assets like commodities, cryptocurrencies, or tangible assets like real estate, art and other luxury objects on the rise.

Mintos has taken a forefront in strengthening an asset class with a previously untapped global potential  as the best Personal Loan Providers. It has been making investments in loans accessible worldwide by mediating a two-sided marketplace, with retail investors on one side and loan originators – on the other.

Investments in loans present a new passive income opportunity for a wider audience: newcomers previously limited by financial resources or access to investments management, and experts looking to reduce their portfolio risk by asset diversification. Due to the simplified service and low entry costs, loans have become a significant asset to both beginner and professional investors.

Growing interest in passive income opportunities has led Mintos to widen the range of services offered. Recently, Mintos has introduced an anticipated feature – a new mobile app, seeking to provide more comfortable and secure access to clients’ investment portfolio and faster insight delivery.

The app was created in collaboration with investors on Mintos, utilizing their feedback and engagement during the development phase to ensure the best user experience.

Mintos attributes a lot of its growth momentum to the strong, growth-driven team, whose hard work is well reflected by the company’s success.

Mintos CEO and co-founder Martins Sulte reflected saying, “If you want to create a company that has an impact, you need to be transparent and set your mindset towards growth. It isn’t a new concept but when you have the right team, the concept takes on a whole new meaning.”

Mintos team is formed of 200 employees in four offices – Riga, Berlin, Vilnius and Warsaw. The company plans to scale the team up to 400 throughout the current year.

African Eye Report

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