Mintos Review

Largest Loan Originator Marketplace in Europe

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Total Funded:


Average Return:


Mintos is a marketplace for peer-to-peer lending that allows users to invest in loans granted from non-bank financial institutions (Loan Originators). Mintos specializes in consumer lending and facilitates loans both with and without buyback guarantee. Since their launch in 2015, Mintos has seen high growth rates and today they are one of the most popular choices for both new and experienced P2P investors.  

Business:Loan Originator Lending: Consumer Lending, Business Lending, Invoice Lending, Pawnbroking, Real Estate Lending
Founders:Martins Sulte & Martins Valters
Countries:Albania, Armenia, Botswana, Bulgaria, Colombia, Czech Republic, Denmark, Estonia, Macedonia, Finland, Georgia, Indonesia, Kazakhstan, Kenya, Kosovo, Latvia, Lithuania, Mexico, Moldova, Philippines, Poland, Romania, Russia, South Africa, Spain, Sweden, Ukraine, United Kingdom, Zambia
Reports:2018 (PDF), 2017 (PDF), 2016 (PDF), 2015 (PDF)

Office location in Riga

Table of Contents

Mintos Pros & Cons



Characteristics of Loans

Interest Rates

5.5% – 18.5%

Loan Durations

1 day – 240 months


Mainly Euro

Buy-back Guarantee

Minimum Investment ⇙


Both Direct & Indirect Investment Structure

⇘ Assets as Collateral ⇙

Loans on Mintos

Mintos have a comprehensive and informative overview of the different loans on the platform. Almost all useable information is available such as type of loan, interest rate, repayment method (amortization), remaining time and even information such as loan-to-value (LTV) is specified in the loan breakdown. Furthermore, you will find information about the loan originator, the Mintos credit rating, legal entity and the kind of Buyback Guarantee. Below this, you will be able to learn more about the borrower such as age, gender, purpose as well as the collateral and its asset details(the below picture is a car loan, so the car model, age, engine, brand), the expected payment schedule and the investment breakdown. The only information missing that is not yet available is how many loans the borrower already has, which could be nice to know.

Buyback Guarantee on Mintos

The Buyback Guarantee on Mintos is issued by the loan originator and almost all loans on the platform are covered with such a guarantee. There are two things to be aware of:
  • The buyback guarantee is different from each loan originator. But the most common is typically buying back the loan if the borrower is more than 60 days late.
  • As with all buyback guarantees, the risk is shifted from the borrower and the collateral to the loan originator and its existence as a company. On Mintos the requirements for loan originators to enter the platform are low, some are not that transparent and can be hard to analyze. So make sure you check the financial strength of the loan originator and its buyback guarantee.

What Happens if a Loan Originator goes Bankrupt?

There are two different types of investment structures in P2P investing:
  • The direct structure means you are buying a claim against the borrower directly.
  • The indirect structure means you obtain exposure to a loan by investing in a loan issued by a platform company to the loan originator.
Mintos loan originators operate with both direct and indirect investment structures and this is always clearly marked when browsing the companies. So two things can happen if a loan originator goes bankrupt; The loans issued by loan originators with direct investment structures, gives the investors a claim directly against the borrower in case the originator defaults. Loans issued by originators with indirect investment structure leaves you a claim against the bankrupted loan originator, that then have a claim against the borrower. It is common sense that it is not in your interest to lend money to borrowers who can’t pay back the loan, so most investors prefer direct investment structure to avoid the risk of loan originators bankrupting and pulling your investments down with them.

Assets as Collateral

The Mintos Platform is the largest European online marketplace facilitating loans from non-bank financial institutions, having more than 50 different loan originators issuing loans secured by all different kinds of assets. While consumer/pay-day lending is what most originators on Mintos do and pawnbroking assets opens the door to a wide range of collateral, property, and cars are the most common tangible assets on the platform. Though most of the loan originators has Buy Back Guarantees covering the investment, this won’t hold if the loan originator company defaults, when it ‘guarantees’ the buy-back of the defaulted loan. This is when the assets to claim becomes important in dealing with direct investment structure, because in the end every loan is defined by the asset of which a borrower pledges collateral to secure repayments for the lender. Unsecured lenders still has a claim against the borrower, but without any specific assets to claim if any at all. The following assets available on Mintos as security for loans are:
  • Cars (Secured car lending)
  • Property/Real Estate (Personal mortgage lending)
  • Grain sales contracts (Agricultural lending)
  • Invoices (Factoring/Invoice financing)
  • Businesses (Business lending)

Platform Features

Manual Investing

The primary market for manual investing at Mintos is very comprehensive and one of the platforms with the most detailed filtering options. It is not only possible to select specific interest rates and loan terms, but a wide range of variables: Currency, Loan type, Country, Loan Originator, Mintos Rating and if buyback guarantee or is a must or not. Since this platform is one of the biggest platforms in the world facilitation loan originator debt, the number of available loan notes is enormous. As of this screenshot below, there are 216.510 different loan notes to buy which should be enough for anyone to be able to diversify across different loan originators, countries and collateral for the loans.

Mintos Auto Invest Strategy

Auto lending is available on Mintos with two different ways to approach building an automatic portfolio.  The Mintos Investment Strategies and The Custom Investment Strategy. For those of you that do not want to or have the abilities to build a diversified portfolio of loans and originators, have the option of selecting between three different pre-defined strategies by Mintos:
  • The Short-term strategy (Debt with terms less than three months)
  • The Diversified strategy (Includes all loan types, originators and countries)
  • The Secured loan strategy (All loans are secured with collateral)
Below are the three different strategies and its differences, choosing one of these approaches will yield interest rates from 7% to 8,5% and up, hopefully enough to cover any loan originator bankrupts or unsecured bad debt.

The Custom Investment Strategy is automatic investing with the same filtering options available when manually investing. Choosing this approach will leave the portfolio construction up to you and let you handpick loan types, countries, loan originators and much more in the same possible on the manual primary market. Furthermore, as a new extension custom automatic investing will let you automatically invest in both the primary and the secondary market. This allows lenders to set up an auto invest portfolio buying loan notes for sale on the secondary market with a discount sweeping up cheaper debt from lenders going into other loans or trying to exit cashing out. It is also possible to not reinvest the repayments in a specific custom portfolio if your slowly withdrawing money or diversifying into other customized portfolios.

Secondary Market

The secondary market on Mintos is huge compared to other players in the industry, with over 200k+ different loan notes for sale by other investors. Since January 2019 investors have been selling loans at a discount for over 30 million in every single month. Just as much is facilitated at par value and roughly about 10 million is being sold with a premium. The discount & premium is limited to be listed at a rate between -99% and +20%. Usually, loans are sold for around +/- 3%, but as this article is being written loans of discounts up to -55% are available on the secondary market. There are three ways to exit an investment at Mintos:
  1. Sell the loans on the secondary market at a premium or discount.
  2. Wait until the loan is paid back.
  3. Wait until the Buyback Guarantee is executed

Mintos Invest and Access

Another more simple solution to investing on Mintos is leaving your asset allocation to the platform through Invest & Access. The only thing you have to do with this feature is to set an amount and your ready to start earning competitive interest returns right away, the platform will allocate your funds according to the Invest & Access strategy. The Invest & Access strategy is to buy small fractions of loans in many different loans from loan originators across a lot of different countries. This feature will then enable you to lean back and let Mintos take care of further reallocating your returns untill you wish to stop the Invest & Access portfolio and accessing the funds when you tell them to sell the portfolio on the secondary market – this feature will not (yet) sell late loans and will leave you waiting for buyback guarantees on late loans as always.

Comparison of Ways to Invest on Mintos

There are curtain similarities with the different investment methods on Mintos, such as the minimum investment amount of 10 euro – but the most important differences can be seen below in the table. With the Auto Invest and Manual investing your average returns depends on the strategy, whereas the Invest & Access has a pre-calculated expected return. Though on the other hand, with Invest & Access you are leaving your diversification up to someone else whereas you can control it yourself with Auto Invest and Manual investing. The access of your money is very much depending on the secondary market, but the Invest & Access strategy is aimed towards instant access, whereas the two other investment methods depends on your choice of loans. Overall the three different investment methods have no direct fees for the investors, the choice depends on your risk appetite and your willingness to put in time for selection and due diligence.

Invest & Access VS. Auto Invest VS. Manual Investing

Nice to Know for Investors

Registration Process

Registering at Mintos is simple. Creating an account as an individual requires just an email and a password. The platform complies with KYC (Know Your Customer) and you need to provide an identification document to be able to withdraw money from the platform.

Deposit & Withdrawal Process

Depositing funds to your investor account is done in three steps:

  1. Transferring money into your Mintos account with any of the below listed Funding Methods.
  2. Your funds will be available for investment within the day of confirmed arrival to Peerberry (usually 1-3 banking days).
  3. After the funds are received and added to the account, you will receive an e-mail confirmation.

Withdrawing funds is the simplest process of the two. It consists of clicking “withdraw funds”, entering the available amount and waiting for the 1-3 business days. There is no minimum withdrawal restrictions and no further additional fees or commission for withdrawing the funds. Remember, depending on their fee structure, your bank might charge fees for handling the transaction or exchanging currency.

Funding Methods


Mintos features comprehensive reporting on your lending activities. Under the “Account Statement” tab you will find all the information needed to scrutinize your portfolio within any selected time frame:
  • Investments
  • Principal received
  • Interest received
  • Late fees received
  • Secondary market transactions
  • Investment principal rebuy (From Buyback Guarantee)
  • Interest income rebuy (From Buyback Guarantee)
The account summary can be specified in the time frame desired with the opening/closing balance. All transactions are available below that for further examination.

Mintos Tax

The income earned at Mintos is taxed for each investor based on legislation of the respective country where the investor is a tax resident. As laws vary in each country, please consult an appropriate revenue service or a tax specialist for more information. Each investor can receive extensive information necessary for tax returns when logged into their Mintos investor account. Below you can find more information about tax implications for tax residents of selected countries. The information provided does not constitute tax advice. All investors should seek independent tax advice.

Mintos FAQ “How is income taxed?”

For more information about taxes, the platform provides a PDF document about the tax situation for four types of lenders: Latvian individuals, Latvian companies, German individuals & Estonian individuals.


For any questions, Mintos refers to their comprehensive FAQ section. However, if you do not find what you are looking for, you can contact Mintos on email ( or by filling out their contact formula if you have other inquiries. It is also possible to reach Mintos by calling them on +351 308 808 418. They answer the phone in normal business hours. During weekends, support is closed.


  • +351 308 808 418

Opening hours

  • Workdays: 09.00-17.00 (GMT+1)
  • Weekends: Closed

Mintos Competitors

Who can invest?

Both individuals and entities can invest through Mintos. Individual investors must be at least 18 years old, have a bank account in the European Union or third countries currently considered to have AML/CFT systems equivalent to the EU, and have their identity successfully verified by Mintos. Family trusts, partnerships, limited liability companies and other organizations must have a bank account and be registered in the EU or third countries currently considered to have AML/CFT systems equivalent to the EU.

Mintos FAQ “Who can invest?”

Mintos Statistics

Loans facilitated on Primary Market:+5 billion €
Loans facilitated on Secondary Market:+300 million €
Investor earnings:+95 million €
Average interest:+12%
Average portfolio size:€ 3 492
Average amount of loans in portfolio:248 loans
Number of investors:+ 292 thousand
Latest financial report:2018 (PDF)

Is Mintos a Scam?

If Mintos is a scam is in the root of the question very hard to say, but if it is a scam it is an extremely well played scam and it is very unlikely that Mintos is a scam. But what is exactly meant by scam? Is it a pyramid scheme? It could be a pyramid scheme in which some of the loan originators never have issued the loans sold through Mintos and it can not be checked by every investor because of the anonymity there is to private individuals and it would be wrong to publish this information of persons debt but again, if it is a pyramid scheme it is a very large one that is involving a lot of people and with the size of this platform it must be safe to say that it is very unlikely that Mintos is a scam. Yet this is exactly why it is very important with regulation in this area.

Is Mintos Legit? Is It Safe?

Mintos looks very much like a legit platform that is a safe place to have your hard earned money, but the real question here is if all the loan originators selling loans to investors on the Mintos platform, are legit and safe businesses which comes down to the one loan originator company and its financials. Overall Mintos as a platform is financially profitable and is one of the biggest peer-to-peer lending platforms in the market, both in terms of how much is funded through the platform but also in the amount of investors on the platform. Most loans come with a buyback guarantee and there are many loan originators to diversify the investment between.


Please note that this overview may contain affiliate links. It means that a commission is earned if you decide to invest after using the link – of course without additional costs to you. The information on this site does not constitute investment advice and is solely to give you a simple and easy overview of the platform. Always conduct your due diligence and consult your financial advisor before making any investment decisions.

* Average return is not a guarantee of future return. The number is directly from Mintos’ website