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Mintos passes €3bn milestone
The firm has doubled the number of originators it works with in the past year or so.
Mintos has reached €3bn in terms of total loans financed on its platform, just four months after announcing its €2bn earlier this year.
Mintos CEO and Co-Founder Martins Sulte says the firm is on track to open up a new asset class to retail investors and “rethink how money flows from those who want to save and invest to those who want to borrow.”
“We have fast become the go-to marketplace for people who want to invest in loans because of the sheer volume of loans and diversification opportunities we offer. The market opportunity is huge and we will continue investing in people and product, and have a sharp focus on growth.”
Launched in 2015, Mintos’ marketplace partners with 65 lending platforms around the world, from 35 this time last year and has 170k investors globally. Investors can buy fractions of loans available on the marketplace, from short-term loans to mortgage and small business loans.
Since the beginning of the year, Mintos has doubled the number of employees, now welcoming 140 people in its offices in Riga, Berlin, Vilnius, and Warsaw. The company plans to have 200 employees by the end of the year.