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.
Martins Sulte (pictured), chief executive of Mintos, said the platform has grown organically rather than with capital investment.
“We are growing rapidly with minimum capital investments because we are able to cover most of the costs by tapping into our turnover,” he said.
“So far, we have only attracted €7m in investments and have built a company whose value, in our view, and based on comparable data, could now exceed €100m.
“In 2020, we plan to continue investing in product development and to maintain the current growth rate.”
The platform’s total loanbook hit €4.3bn at the end of 2019.
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Mintos lets individuals and institutions invest in loans originated by a variety of alternative lending companies from around the world.
Launched in 2015, 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.
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