mintos

Up to 5% Cashback On Long-Term Investments Offered by Mintos

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Lativan p2p lending marketplace Mintos just launched a cashback campaign running for the remainder of December. Investors investing in new loans with a term of at least 24 months on the primary market will receive a cashback of 2% to 5% depending on term length. The cashback will be credited within 6 days says Mintos.

This is a big bonus that goes on top of the 12 to 14% interest rate that these longer term loans at Mintos typically carry.

Important: To be eligable an investor needs to enroll once for the campaign by clicking on the promotion banner inside the Mintos dashboard.

New investors can even get an additional 1% cashback on all investments made within the first 90 days of registration (credited monthly) by registering via this link,

Most loans on Mintos are in EUR currency, but other currencies are available, too. Only recently Mintos started listing loans in GBP currency too.

See the P2P Banking cashback page for more cashback offers.

mintos cashback

“Investing long-term has many benefits. Loans with a maturity of two years and more on average have higher interest rates. As the maturity of these loans is longer, these higher rates can be locked-in for longer as well, thus avoiding cash drag effect. Also, investing in long-term loans allows for a better diversification, because this way investors can access types of loans and borrowers that have a different profile than the average short-term loan takers. We hope that in combination with our cashback campaign, all of these benefits will help our investors reach their investment goals in a more efficient and rewarding way,” says Martins Sulte, CEO and co-founder of Mintos.

Mintos Scraps Secondary Market Fees

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Latvian p2p lending marketplace Mintos announced today that all transactions on the secondary market are now free.

Exciting news! Starting from today, November 1, 2017, we have removed the 1% fee for selling loans on the secondary market of the Mintos marketplace. This means from now on, there are absolutely no fees for investing through Mintos.

“A secondary market with no fee will greatly benefit our investors. We expect the secondary market to become even more liquid now. This is especially good news for investors who want to pursue a long-term investment strategy and invest in loans with longer maturity. In the case investors will need the liquidity before the loan matures, they will be able to sell their investment with no extra fee added,” says Martins Sulte, CEO and co-founder of Mintos.

The monthly volume of traded loans on the secondary market is about 300,000 Euro per month.

Mintos secondary market

Baltic Bondora stopped charging fees on its secondary market in November 2015.

Mintos Reaches 50M Loan Volume Milestone

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Mintos logoP2P lending marketplace Mintos crossed 50 million Euro in loans to both private individuals, as well as small and medium sized businesses after 18 months of operations. Mintos marketplace arranges loans from 14 non-bank lenders, which have joined the marketplace from the Czech Republic, Estonia, Latvia, Lithuania, and Poland.

According to funded loan volume, to date most money has flowed into loans in Latvia’s – 33%, Lithuania’s – 31% and Estonia’s – 23%.

‘All around the world, peer-to-peer lending concept is slowly replacing bank services from which the commercial banking sector is retreating. Today, banks no longer conduct the main mission of the financial system — connecting those postponing consumption with those who are consuming today, i.e. connecting savers and borrowers. Deposit rates are close to zero or even negative, while access to credit is limited. This increases the non-bank financial services market, which offers consumers easy, convenient and affordable services,’ emphasizes Mintos CEO and co-founder Martins Sulte, predicting that by year end, investors through Mintos will have financed EUR 100 million in loans. Continue reading →

Mintos Raises 2M from Skillion Ventures

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Mintos LogoLatvian p2p lending marketplace Mintos has raised 2M EUR from VC Skillion Ventures in Riga. The p2p lending service was launched a year ago and lists loans from several loan originators. The loan types include mortgage loans, secured car loans, business loans, personal loans and invoices finance. The majority of the retail investors resides in Latvia, Germany and UK.The investors financed a cumulative loan volume of over 16M EUR since launch.

The loans are currently to borrowers in Latvia, Estonia, Lithuania and Georgia. Mintos CEO Martins Sulte plans to add loans in the markets of the Czech Republic and Poland next. Continue reading →

Mintos – My P2P Lending Portfolio After Year One

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I started investing in loans on the Latvian p2p lending marketplace Mintos right after it launched 12 months ago. At that time Mintos offered real-estate secure loans only. The service has evolved hugely with a much wider range of loan types on offer now. Mintos now serves as a platform to enable the transactions while partnering with loan originators, who actually originate loans and are responsible for vetting the borrowers.

Overview of the current main parameters for investors:

  • Different loan types
  • Typical interest rates range from about 8% to about 14%
  • 0% fees for investors on the primary market (1% seller fee on the secondary market)
  • All loans prefunded; investors earn interest from the day they invest money into a loan
  • Depending on the provider, some of the loans offer buyback guarantees; that means if the loan becomes more than 60 days overdue the provider will pay the principal and the interest of that loan to the investor
  • Open to international investors

Mintos account statement

During the past year in several installments I deposited 11,000 Euro into the account via SEPA transfer (actually I deposited 12,041 Euro; but I also withdrew 1,041 Euro). Deposits are fast and reliable; they usually took less than 1 business day for me. Most of the time, I reinvested all repayments and interest earned.

Mintos loan portfolio

My portfolio yielded 14% ROI so far

Currently I have 12.069 Euro invested in 161 different loans. Over 70% of the amount is in Mogo secured car loans (with buyback guarantee). Over 20% is in mortgage loan (without buyback guarantee). The remainder is in business loans and invoice finance loans (mostly without buyback guarantees). I stayed clear of the personal loans Creamfinance originated in Georgia. The shown 14.01% are an accurate reflection of the actual ROI, I believe. Continue reading →

My First Bids in Invoice Finance Loans

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Marketinvoice and Platform Black have offered the possiblity to invest in invoice finance / invoice discounting loans for some time in the UK. However these were not an option for me due to requirements (minimum invest and/or UK bank account).

investly-invoiceTherefore I made my first bid on a loan of this type on Investly on Dec. 31st. It was the first invoice discounting loan the Investly marketplace launched, making this asset class available to investors in the European Union from bid amounts as low as 10 Euro. Investly ran the offer in a three day auction period, with 15% maximum interest. Even though the bidding period was over New Year, the demand was high and several investors were outbidded during the underbidding auction (screenshot right shows status on first day of auction).
Registered investors are able to see the underlying invoice that is financed.

The loan is for less than a month, due to be repaid on January 19th.

Today Mintos launched a cooperation with DEBIFO which as a originator will provide invoice finance loans on the Mintos platform. That enabled me to make my second bid in invoice financing. The loans listed today at the Mintos p2p lending marketplace carry interest rates from 11.2% to 13.8% and are for a loan term of less than a month.

‘For most of the small and medium enterprises in the Baltics, receiving client payments in time is critical in order to ensure continuous operations. While many of these companies have large, reliable and stable business customers, they typically set payment terms of up to 60 days or more, which makes it hard for small businesses to survive’, says the peer-to-peer lending platform Mintos CEO Martins Sulte, who welcomed the cooperation with DEBIFO.

Mintos management forecasts high investor interest in this investment product. Martins Sulte continued by saying ‘Most of these outstanding invoices are from stable, large companies, which means that the risk is relatively low. The other aspect that investors will like are the short repayment terms’.