Mintos celebrates two new milestones: EUR 1.5 billion invested in loans on the marketplace, and 100,000 registered investors!
It took Mintos just shy of four years to get to the milestone of EUR 1 billion invested in loans on the Mintos marketplace. After that, it took Mintos only four months to arrive at the next milestone – EUR 1.5 billion invested in loans. Mintos is now the biggest European P2P platform just reached not one, but two significant milestones.
At the same time, the company has reached another big achievement of 100,000 registered investors on the Mintos marketplace. With the retention of active users at more than 90% and a proactive attitude toward investors’ feedback, which results in new innovations, Mintos has gained a leading position at the forefront of the European market of peer-to-peer lending.
Martins Sulte, CEO and Co-Founder of Mintos says that these achievements are the result of the company’s growth-oriented approach: “We are happy to have A players on our team, people who are motivated to deliver great work and a better product. With this goal-oriented attitude, Mintos is expanding fast. We have doubled our great team over the course of 2018 to 60 people and we will most likely double our headcount again in 2019,” says Sulte.
Mintos growth continues
Mintos growth rate is nothing short of phenomenal! Their forecast is to triple the number of investors reaching 300,000 before the end of the year. They will focus their efforts on investor acquisition and expanding to additional global markets. The company has already facilitated more than €1.5 billion in investments in loans through its marketplace, putting it as the largest marketplace of its kind globally.
Starting with its headquarters in Latvia, Mintos has extended its presence to Poland and Mexico. Next, the company plans on opening an office in Berlin, Germany, with the hiring already in process.
In the upcoming period, the company will also provide investors with IBAN bank account numbers and debit cards, alongside the Mintos mobile app. By merging technology with unexplored market opportunities, the Mintos team will continue doing their utmost to provide the best possible experience for Mintos investors.
Recently the biggest peer-to-peer (P2P) lending marketplace for retail investors in continental Europe, has raised €5 million. The fintech startup will use the financing to provide its users with personal IBAN accounts and debit cards, and to double the size of its team as it expands globally.
With their own personal IBAN accounts, investors will be able to make and receive payments from around the world, and even to receive a salary directly to their Mintos account. The Mintos card will also allow investors to make transactions around the world or online and withdraw money at ATMs.
Mintos is applying for e-money license to achieve this goal. As an Electronic Money Institution, the P2P platform will protect money held by investors under the European PSD2 legislation. Looks like they are going after Revolut and the next logical step is to apply for banking license. Of course at this stage this is pure speculation.
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