Mintos News | Sep 05, 2024
Mintos reported a 30% revenue increase to EUR 11.4 million and reached profitability in 2023, driven by new investment products like Fractional Bonds and ETFs...
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Mintos is a financial services company that offers long-term investors an easy-to-use platform for growing their money with a unique mix of alternative and traditional investments. With over €600 million in assets under administration and over 500,000 registered users, Mintos has become one of the largest investment platforms in Europe. The platform is designed for people who prefer hassle-free long-term investing without actively managing their portfolios.
- Mintos reported a 30% revenue increase to EUR 11.4 million and reached profitability in 2023, driven by new investment products like Fractional Bonds and ETFs.
- Investors found that Auga Group is borrowing €5 million by issuing bonds with a 14% interest rate on the Mintos platform.
- In May, Mintos launched 'Mintos Immobilien,' allowing investors to earn monthly returns over 20 years through a conservative business model.
- Mintos is undergoing restructuring for its credit provider Planet42.
- Mintos raised €3.1 million from over 3300 investors in a 14-day crowdfunding campaign on Crowdcube, surpassing its €1 million goal in just 40 minutes, with plans to use the funds for expansion within the EU and new product introductions.
- Mintos is facing challenges as Planet42, an Estonian car rental company operating in South Africa, has temporarily suspended loan payments to investors due to deteriorating business conditions, with updates expected by August 15 on resolving the issue.
- Avafin started offering Mexican loans on Mintos.
- Sara Capobelli has joined Mintos as Head of Lifecycle and Retention Marketing in Germany, previously serving as Head of CRM and Customer Experience - USA at Raisin.
- Mintos is hosting a Data Streaming-focused DevClub.lv event on 29 August at their office.
- Martins Sulte, CEO of Mintos, stated that Federal Reserve Chairman Jerome Powell indicated likely interest rate cuts in the coming months.
- Mintos removed an originator from its platform while secondary loan sales increased tenfold from 5,000 to 56,000.
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