Mintos

Last updated
Mintos
Company type Private
IndustryFinancial services
Founded2014
FounderMartins Sulte Martins Valters
Headquarters
Riga, Latvia
Revenue9,191,725 Euro (2022)  OOjs UI icon edit-ltr-progressive.svg
220,088 Euro (2022)  OOjs UI icon edit-ltr-progressive.svg
Total assets €600 million (2023)
Number of employees
139 (2022)  OOjs UI icon edit-ltr-progressive.svg
Website www.mintos.com/en/

Mintos is a financial technology company headquartered in Riga, Latvia. Retail investors can invest in a mix of traditional and alternative assets such as loans, exchange-traded fund (ETFs), Fractional Bonds, real estate and Smart Cash through the platform. As of August 2024, the company has over 500,000 registered users. [1]

Contents

History

Mintos was founded in 2014 by Martins Sulte and Martins Valters. The company's headquarters are located in Riga, Latvia and it has since expanded its presence across Europe. [2] [3]

In 2018, Mintos raised €5 million in Series A funding backed by Riga-based venture capital firm Grumpy Investments. [4] In 2020, the company launched a crowdfunding campaign on Crowdcube: the company attracted over 6000 equity investors and raised a total of €6.5 million, the largest amount ever raised in continental Europe. [5] [6] [7]

On August 19, 2021, Mintos acquired the investment firm and electronic money institution licenses from the Bank of Latvia. Investors on Mintos are protected by the MiFID II investor protection framework, Prospectus Regulation, Packaged retail investment and insurance products (PRIIPs), Investor Protection Law. [8] [9] [10]

On May 25, 2022, Mintos launched loan-backed securities called Notes which allow retail investors to invest in loans in a regulated environment. [11] [12] In October 2023 the company launched high-yield Fractional Bonds. [13] [14] [15]

In April 2024, Mintos launched their second crowdfunding campaign on Crowdcube, raising €3.1 million from over 3300 investors in 55 countries. [16] [17] In May of the same year, Mintos introduced an option to invest in rental real estate and in June the company also revealed a money market fund offering called Smart Cash.

Awards and recognition

Mintos has won AltFi's People's Choice Award five times in a row, from 2016 to 2020. The company also won AltFi's Alternative Finance Platform of the Year [18]

Related Research Articles

Peer-to-peer lending, also abbreviated as P2P lending, is the practice of lending money to individuals or businesses through online services that match lenders with borrowers. Peer-to-peer lending companies often offer their services online, and attempt to operate with lower overhead and provide their services more cheaply than traditional financial institutions. As a result, lenders can earn higher returns compared to savings and investment products offered by banks, while borrowers can borrow money at lower interest rates, even after the P2P lending company has taken a fee for providing the match-making platform and credit checking the borrower. There is the risk of the borrower defaulting on the loans taken out from peer-lending websites.

Seedrs is an online equity crowdfunding company, headquartered in East London's Tech City, founded in 2009 and launched by Jeff Lynn and Carlos Silva in 2012. Since 2022 it has been a subsidiary of American crowdfunding company Republic.

Crowdcube is a British investment crowdfunding platform, established by Darren Westlake and Luke Lang in 2011.

Fintilect is a British-based global software company, providing financial services technology and AI-driven recommendations for financial services providers from its headquarters in Kingston upon Thames, near London. It also has an established office in Utah.

LendInvest is a British non-bank mortgage lender which provides a property lending and investing platform. As an alternative fintech lender in the property market, LendInvest provides finance to property professionals and small and medium-sized businesses (SMEs) around the UK. It also makes it possible for individuals, corporates and institutions to invest in secured property loans originated and underwritten by its mortgage team.

SoFi Technologies, Inc. is an American personal finance and financial technology company. Founded in 2011 at Stanford University, it operates as a direct bank and supports other financial institutions through its technology platform. As of 2024, SoFi reports 10.1 million customers and 168 million platform accounts.

Fundrise is a Washington, D.C.–based financial technology company founded in 2010 that operates an online investment platform. Fundrise has been labeled as the first company to successfully crowdfund investment into the real estate market.

OurCrowd is an online global venture investing platform that empowers institutions and individual accredited investors to invest and engage in emerging technology companies at an early stage while still privately held. Based in Jerusalem, the company launched in February 2013, and has since opened overseas branches in the United States, the United Kingdom, Canada, Australia, Spain, Singapore, Brazil, and the UAE.

Oleg Viktorovich Boyko an international investor and resides in Switzerland, Chairman of Finstar Financial Group.

<span class="mw-page-title-main">Prodigy Finance</span>

Prodigy Finance is a fintech platform that enables financing for international postgraduate students who attend a participating business school or postgraduate institution.

Tandem Money is a company that owns Tandem Bank, one of the UK's original challenger banks. Tandem Bank is a digital bank with a mobile app, and no branches.

FinMkt, Inc. is a New York City-based financial technology company originally founded in 2014 as Crowdnetic and rebranding in 2016 to its current iteration, FinMkt. FinMkt then pivoted the technology to build a premier SaaS, multi-lender, omnichannel, customizable point of sale financing platform that launched in the summer of 2020.

<span class="mw-page-title-main">ID Finance</span>

ID Finance is a financial technology company founded in 2012 by Boris Batine and Alexander Dunaev. It is predominantly focused on emerging markets, which are characterized by noncompetitive financial services, limited availability of credit and high barriers to entry.

Wahed is an American financial technology and services company based in New York City, New York. In July 2019, the company launched the first exchange-traded fund in the United States that was compliant with Sharia law. Wahed operates in 130 countries and has offices in Washington D.C, New York, London and Dubai. According to Bloomberg, it had a valuation of $300 million in 2022.

Freetrade is a UK-based financial technology company which offers a freemium share dealing service. The company was founded in 2016 and launched an iOS app in October 2018, followed by an Android version in April 2019. In October 2021 the company surpassed one million registered users, with quarterly trading volumes as of March 2021 of over £1 billion. As of November 2021 Freetrade has over £1 billion of assets under administration.

Beesfund is a Polish equity crowdfunding platform based in Warsaw, Poland. Managed by its eponymous company founded in 2012 by entrepreneur Arkadiusz Regiec, it is one of the first crowdfunding platforms in Poland, and Central and Eastern Europe. As of May 2020, 74 public offerings (issuances) were carried out on the platform, for a total amount of PLN 47M, collected by over 48,000 registered investors.

Upgrade, Inc. is an American neobank founded in 2016. It has raised $600 million in equity funding and made over $10 billion in loans since its launch in 2017. Upgrade is headquartered in San Francisco, California with offices in Phoenix, Arizona and Montreal, Quebec, Canada. The company offers credit and banking products to consumers and delivers fixed-rate credit cards and loans. The company's other services include credit monitoring and education tools.

Sun Finance Group is a Latvian financial technology company operating as an online and mobile lending marketplace. The company was founded by Toms Jurjevs and Emils Latkovskis in 2017 and is headquartered in Riga, Latvia. Sun Finance is present in several countries across Europe, Asia, and Latin America.

HeavyFinance is a Lithuanian environmental technology investment company that operates a marketplace for the agricultural industry. The company facilitates investments in debt capital for small and medium-sized agricultural enterprises to switch and expand regenerative agriculture practices such as no-till farming, mixed crop rotation, cover cropping, and the application of compost and manure.

Crowdfunding in Estonia is a rapidly growing sector that allows individuals and organisations to raise funds for various projects through online platforms. While crowdfunding in Estonia holds significant potential and is appealing to both investors and entrepreneurs, it requires a careful approach to project selection and a thorough understanding of the associated risks.

References

  1. ↑ Finextra. "Mintos bags €3.1 million in 14-day crowdfund". Finextra. Finextra. Retrieved 14 August 2024.
  2. ↑ GlobeNewswire by notified. "Mintos officially debuts in Italy and Spain, offering a new investment platform that makes investing easy and free of charge". GlobeNewswire by notified. GlobeNewswire by notified. Retrieved 13 August 2024.
  3. ↑ Financial IT. "Mintos Expands its Reach and Officially Debuts in France and the Netherlands". Financial IT. Financial IT. Retrieved 13 August 2024.
  4. ↑ O'Hear, Steve. "Loans marketplace Mintos scores €5M Series A and plans to launch a debit card". TechCrunch. Techcrunch. Retrieved 13 August 2024.
  5. ↑ Alois, JD. "Mintos Rocks First Day on Crowdcube, Books Record €5.3 million in the first 24 hours". CROWDFUND INSIDER. CROWDFUND INSIDER. Retrieved 13 August 2024.
  6. ↑ Shoffman, Marc. "Mintos raises €7.2m as it completes crowdfunding round". ALTERNATIVE CREDIT INVESTOR. ALTERNATIVE CREDIT INVESTOR. Retrieved 13 August 2024.
  7. ↑ Harrison, Polly Jean. "Mintos Raises €7.2m, the Largest Crowdfunding Amount Ever in Continental Europe". THE FINTECH TIMES. THE FINTECH TIMES. Retrieved 13 August 2024.
  8. ↑ labs of Latvia. "Mintos obtains European investment firm license". labs of Latavia. labs of Latavia. Retrieved 13 August 2024.
  9. ↑ Erazo, Felipe. "Mintos Receives License from the Latvian Financial Watchdog". FINANCE MAGNATES. FINANCE MAGNATES. Retrieved 13 August 2024.
  10. ↑ Zerucha, Tony. "Loan Marketplace Mintos Receives Multiple New Financial Licenses". CROWDFUND INSIDER. CROWDFUND INSIDER. Retrieved 13 August 2024.
  11. ↑ Llyod, Michael. "Mintos launches regulated notes". ALTERNATIVE CREDIT INVESTOR. ALTERNATIVE CREDIT INVESTOR. Retrieved 13 August 2024.
  12. ↑ Llyod, Michael. "Mintos introduces responsible investment requirements". ALTERNATIVE CREDIT INVESTOR. ALTERNATIVE CREDIT INVESTOR. Retrieved 13 August 2024.
  13. ↑ labs of Latvia. "Mintos launches Fractional Bonds". labs of Latvia. labs of Latvia. Retrieved 13 August 2024.
  14. ↑ Faridi, Omar. ""High-Yield" Fractional Bonds Are Launching via Mintos". CROWDFUND INSIDER. CROWDFUND INSIDER. Retrieved 13 August 2024.
  15. ↑ Gannage-stewart, Hannah. "Mintos unveils fractional bonds product". ALTERNATIVE CREDIT INVESTOR. ALTERNATIVE CREDIT INVESTOR. Retrieved 13 August 2024.
  16. ↑ Godenrath, Björn. "Investment fintech Mintos completes its crowdfunding". Boersen-Zeitung. Boersen-Zeitung. Retrieved 14 August 2024.
  17. ↑ Laoun, Joy. "Riga-based investment platform Mintos secures €3.1M to scale across Europe". vestbee. vestbee. Retrieved 14 August 2024.
  18. ↑ labs of Latvia. "Mintos Named Alternative Finance Platform of the Year at AltFi Awards 2019". labs of Latvia. labs of Latvia. Retrieved 13 August 2024.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.