Largest Loan Originator Marketplace in Europe With Over 50+ Different Companies in Multiple Currency
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
5.5% – 18.5%
1 day – 240 months
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 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?
- 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.
Assets as Collateral
- Cars (Secured car lending)
- Property/Real Estate (Personal mortgage lending)
- Grain sales contracts (Agricultural lending)
- Invoices (Factoring/Invoice financing)
- Businesses (Business lending)
Mintos Auto Invest Strategy
- 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)
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.
- Sell the loans on the secondary market at a premium or discount.
- Wait until the loan is paid back.
- Wait until the Buyback Guarantee is executed
Mintos Invest and Access
Comparison of Ways to Invest on Mintos
Invest & Access VS. Auto Invest VS. Manual Investing
Nice to Know for Investors
Deposit & Withdrawal Process
Depositing funds to your investor account is done in three steps:
- Transferring money into your Mintos account with any of the below listed Funding Methods.
- Your funds will be available for investment within the day of confirmed arrival to Peerberry (usually 1-3 banking days).
- 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.
- Principal received
- Interest received
- Late fees received
- Secondary market transactions
- Investment principal rebuy (From Buyback Guarantee)
- Interest income rebuy (From Buyback Guarantee)
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 (email@example.com) 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
- Workdays: 09.00-17.00 (GMT+1)
- Weekends: Closed
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?”
|Loans facilitated on Primary Market:||+5 billion €|
|Loans facilitated on Secondary Market:||+300 million €|
|Investor earnings:||+95 million €|
|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?
Is Mintos Legit? Is It Safe?
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.