Mintos sees 300% lending growth in 2019

By Daniel Lanyon on 3rd February 2020

P2P/Marketplace Lending

The lending platform has considerable market share in Europe and more than a quarter of a million registered investors

Mintos sees 300% lending growth in 2019
Image source: Mintos

Mintos saw the total amount of loans financed on its platform increase almost three times in 2019, according to medial release from the Latvian company.

All in all 2019 was a year of rapid growth for Mintos. Figures from Brismo show that Mintos entered the last year as a European market leader with a 40 per cent market share among the platforms offering to invest in loans. The lending platform says it has already facilitated investments worth €4.3bn since its launch in 2015. 

Mintos says more than 250,000 individual investors have registered on its platform having earned a net €70m in interest. 

According to recent data from Brismo the total financed volume over platforms offering investing in loans in Europe amounted to €6.36 billion over the past 12 months. During the period, a total sum of €2.58 billion was invested through Mintos, which represents 40 per cent of the total market share in Europe, making it the largest platform in the European Union (now not including the UK).

Mintos CEO and co-founder Martins Sulte (pictured) says that the rapid growth currently experienced by Mintos is a result of catering to their users’ needs.

“The rapid growth points out we're on the right track - customers appreciate the service we provide. We continue to work on making loans a generally accepted asset class that is readily available to anyone who wants to invest.”

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