Peer2Peer Finance News
The UK's first peer-to-peer finance magazine for investors and the industry
  • Home
  • News
    • Personal Finance News
    • Industry News
    • SME News
    • Global News
  • Property
  • IFISA
    • IFISA Guide
  • Video
  • Open Banking
  • Cryptocurrency
  • Features
    • Joint Ventures and Promoted Content
  • Comment & Analysis
  • What is P2P?
  • Partners
  • Events
    • Past Events
  • P2P Power 50
    • Power 50 2020
    • Power 50 2019
    • Power 50 2018
    • Power 50 2017
  • Sign up to our e-newsletters
  • Magazine
  • Directory
  • Jobs
  • My Account
    • Manage Account
    • Change Password
    • Log In
    • Log Out
Martins Sulte Mintos_CEO
December 6 2019

Mintos lending doubles since April to hit €4bn milestone

Marc Shoffman Global News, Industry News, News Europe, loans, Martins Sulte, Mintos

EUROPEAN peer-to-peer lending marketplace Mintos has passed the €4bn (£3.3bn) lending milestone.

The platform lets individuals and institutions invest in loans originated by a variety of alternative lending companies from around the world.

Its loanbook has been growing fast, having reached €2bn in April and €3bn in August. Launched in 2015, Mintos said it now has more than 215,000 investors from 85 different countries, investing €4,700 on average.

In total, the investors have earned more than €70m in interest, the platform said.

Read more: City watchdog rejects Mintos application

Read more: Mintos partners with Trustly to offer real-time transfers

“All the milestones we’ve reached indicate that investors are increasingly looking for easy to access, transparent and simple ways to invest,” Martins Sulte (pictured), chief executive of Mintos, said.

“We have developed a unique marketplace with a great offering to individual investors.

“Along with impressive growth and engaged investor base, we are excited to see our vision – making investing in loans as common as investing in any other asset class – rapidly becoming a reality on a global scale.”

He said most investors invest more than €1,000 during their first week on the marketplace.

Investors are earning 11.83 per cent on average through the platform.

Read more: First UK finance provider joins Mintos

MoneyThing winds down platform UK P2P lenders predicted to become more reliant on institutional funding

Related Posts

nikhil-rathi-high-res

Industry News, News, Top 3

FCA boss defends appointment of new supervision and policy head

fca office

Industry News, News, Top 3

FCA pays FundingSecure investors due to delay in addressing complaints

Crypto currency background with various of shiny silver and golden physical cryptocurrencies symbol coins, Bitcoin, Ethereum, Litecoin, zcash, ripple

Cryptocurrency, Industry News, News, Top 3

Aave’s marketplace surpasses $5bn in liquidity

Popular posts:

  • The House Crowd goes into administration
  • Sunak to announce stringent CBILS successor scheme
  • Octopus Choice has permanently closed
  • RateSetter to stop investment withdrawals from 26 March
  • Metro Bank plans to offer RateSetter lending through…
  • UK Finance calls for global fintech cooperation
Back To Top
  • Home
  • Contact
  • About
  • Team
  • Advertising
  • Subscribe
  • Privacy
  • T&Cs
  • Disclaimer

Follow Us on Social Media

© Peer2Peer Finance News 2020
• Additional design by