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 - portrait
November 17 2020

Mintos beats crowdfunding target in pre-sale

Marc Shoffman Global News, Industry News, News, Top 3 Crowdcube, Martins Sulte, Mintos

Mintos has surpassed its crowdfunding target before its fundraising campaign has gone fully live.

The European peer-to-peer lending marketplace unveiled plans for a crowdfunding campaign on Crowdcube and launched a re-sale last week.

It set a €1m (£900,000) target but has already raised €5.4m as of this morning (17 November) with the project only due to go live to the wider public this afternoon.

This is Mintos’ first crowdfunding campaign and is part of a larger fundraising round planned with venture capital firms.

The funds will help Mintos as it plans to secure an investment firm licence so it can operate in other countries.

It also wants to broaden its offerings with new investment products such as exchange traded funds and has plans for a debit card.

“Demand for alternative investments has grown, since the interest rates on deposits have been persistently low and equity markets have become crowded—leaving retail investors with very few good options,” said Martins Sulte (pictured) chief executive and co-founder of Mintos.

“In the past, when retail investors did look at alternative investments, they often found that these came with high minimum investments and high fees that kept them out of the mass market.

“Current demand is for modern solutions that are both accessible and not correlated with traditional assets. Mintos’ goal is to offer loans as a new alternative investment type, fitting retail investor needs.”

Read more: Crowdfunding platforms Seedrs and Crowdcube to merge

Creating a virtuous circle of investors and borrowers in P2P Robocash adjusts IPO plans after profits beat expectations

Related Posts

Plant Growing Out Of Coin Jar On Table In Office -  Investing / Business Success Concept

Industry News, News, Top 3

Abundance Investment working on “new opportunities”

Model Houses Hanging By Strings

Industry News, News, Top 3

LendInvest bond value lost £5.8m during pandemic

Sonnenuntergang hinter den modernen Wolkenkratzern der Skyline von London, Großbritannien

Industry News, News, Top 3

Everything we know about the CBILS successor scheme (so far)

Popular posts:

  • FCA lumps P2P lending in with higher risk products again
  • 4th Way gives its views on Zopa and Funding Circle returns
  • UK operations help Funding Circle push for profit in…
  • Investors ready to put more money into P2P lending
  • CrowdProperty unveils board changes and hunt for CFO
  • RateSetter outlines benefits of debt consolidation loans
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