Mintos

Mintos runs a resale marketplace lending platform, which means it aggregates pre-funded loans from partner organisations (loan originators) and re-sells them to investors. Mintos is managed by AS Mintos Marketplace, headquatered in Latvia. It's been granted an investment license and a payment license from Latvia's Financial and Capital Market Commission (FCMC).

Mintos makes it possible to provide funding to individuals, real estate developers, and business owners by investing in personal loans, short-term personal loans, car loans, pawnbroking loans, real estate loans, agricultural loans, business loans, and invoices. Mintos only serves lenders, so you can’t apply for a loan directly on the platform.

At Mintos, you can make EUR-denominated investments starting from €10 (it's also possible to invest in other currencies, see table below). You can also set up an auto-invest feature and buy and sell loans on a secondary market.

Mintos separates investors’ funds from the platform company assets but doesn’t have a wind-down plan in place to ensure minimal damage in case the platform goes out of business. It discloses statistics about its funded loans on a dedicated public page and shares its monthly funding volumes with P2PMarketData.

Mintos was founded in 2015 by Martins Sulte and Martins Valters. They both have over 15 years of experience. Their professional background is mainly in banking, and finance.

Martins Sulte has been, among other positions, an Associate at SEB — a northern european financial services group, and a Member of the Supervisory Board at Alternative Financial Services Association of Latvia — an association of fintech providers. He holds a MBA degree from INSEAD.

Martins Valters has been, among other positions, a Senior Manager at Ernst & Young — a multinational management consulting corporation. He's graduated from Stockholm School of Economics in Riga.