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
Investor analyzing stock market report and financial dashboard with business intelligence (BI), with key performance indicators (KPI).businessman hand working with finances program.
December 21 2020

Mintos predicts “booming” fintech growth in 2021

Kathryn Gaw Global News, Industry News, News, Top 3 fintech, Martins Sulte, Mintos

Fintech will boom and investment portfolios will become more diversified in 2021, according to new predictions by Martins Sulte, chief executive of Mintos.

Sulte pointed out that 12 out of 13 fintech sectors reported year-on-year growth for the first half in 2020 compared to the same period in 2019, and he believes more growth is coming.

“Fintech is already booming, but the market has yet to reach its peak and will continue growing throughout the next year,” said Sulte.

“Our own growth plans involve Mintos becoming a regulated marketplace, which will open even more opportunities for growth.”

Read more: Two in five European investors have more than €20k in P2P

More diversified portfolios are also expected next year, after many investors experienced the shock of pandemic-linked stock market crashes in 2020. Sulte believes that alternative assets will play a more significant role in portfolio management as a result.

“Alternative investment options can be diversified further with many options and risk variability to choose from,” he said.

Other predictions from the European alternative lending platform include the expectation of tighter regulations, and slow value regrowth after the pandemic has ended.

Mintos’ chief executive also suggested that there will be more support for financial literacy among retail investors – particularly when it comes to alternative investment options.

Read more: Millennials make up three quarters of Mintos investors

“It is the users’ pains, needs, and demands that drive the development of the financial industry,” said Sulte.

“Financial literacy can be a life-changer, impacting everything from getting a college education to starting a business. At the macro level, it can help bridge the wealth gap and support economic mobility.

“Since an increasing portion of the market understands the significance of financial literacy, we will see more efforts to support the new coming investors in 2021.”

Read more: Government launches global partnerships programme for UK fintechs

FCA updates SM&CR guidance Tech Nation will continue to accept European applicants post-Brexit

Related Posts

ThinCats John Mould

Industry News, News, Property, Top 3

CrowdProperty unveils board changes and hunt for CFO

Business Analytics and Data Management System (DMS) giving key insights for corporate strategy. Concept with expert analyst building visualization with KPI and metrics from database information

Industry News, News, Top 3

4th Way gives its views on Zopa and Funding Circle returns

geld

Global News, Industry News, News, Top 3

October heralds record December despite Covid-19 crisis

Popular posts:

  • Government responds to P2P fraud query
  • The alternative lenders accredited for CBILS
  • SME lender warns many companies will not survive
  • Funding Circle to offer first and second draw PPP loans
  • Investors urged to look at ISA options ahead of…
  • The risk hunter: 4th Way’s Neil Faulkner
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