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⭑⭑⭑⭑
4.0
based on 5 ratings

Mintos is among the biggest p2p marketplaces worldwide. Founded in 2014, the platform has seen massive growth for all sorts of private loans. Investors can enjoy high interest rate, with comfortable auto-invest and cash-out features. However, mintos has been criticized for not handling pending payments transparently. Also bear in mind that quite some loan originators have been suspended on the marketplace threatening funds to be lost. Still, it is a massive marketplace and mintos should not be discarded entirely in our opinion.

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Key Facts

Investment Structures

Mintos Marketplace (peer-to-business)

Originator Types

Mintos Loan Originators

Investing Into

Mintos Consumer Loans

HQ Country

Mintos country image Latvia

Investments

Interest Rates

Mintos 6.00% – 22.00%

Number of Originators

Mintos 70

Number of Countries

Mintos 33

Currencies

Mintos CZK, DKK, EUR, GBP, KZT, MXN, PLN, RUB, SEK, USD

Minimum Investment

Mintos 10 EUR

Statistics

Average Net Return

Mintos 11.97%

Total Loans Funded

Mintos 8b EUR

Loans Outstanding

Mintos 576m EUR

Loans Current

Mintos 412m EUR

Loans Late

Mintos 147m EUR

Loans 1 To 15 Days Late

Mintos 46m EUR

Loans 16 To 30 Days Late

Mintos 46m EUR

Loans 31 To 60 Days Late

Mintos 55m EUR

Loans 60 Plus Days Late

Mintos 52k EUR

Loans Defaulted (In Recovery)

Mintos n/a

Loans Defaulted (Recovered)

Mintos n/a

Loans Defaulted (Written Off)

Mintos n/a

Investors

Mintos 492,298

Average Amount Per Investor

Mintos 2k EUR

Principal Returned

Mintos n/a

Interest Earned

Mintos 199m EUR

Late Fees Earned

Mintos n/a

Loan Originators Statistics new

Mintos

Features

Auto-Invest

Mintos

Available as: Custom automated strategies, Mintos Strategies

Mintos provides three fully automatized investment strategies: Diversified (rating: A+ to C-, average interest rate: 12.25%), Conservative (rating: A+ to B+, average interest rate: 9.84%), High-yield (rating: A+ to C-, average interest rate: 12.60%). If you want to customize further your investment, mintos has the "custom automated strategies" feature for that. By November 2020, mintos has replaced the old "risk ratings" with a "risk score". However, mintos has not yet updated the auto-invest strategies documentation disclosing how the new risk model does apply to the mintos strategies feature.

Manual-Invest

Mintos

Available as: Custom manual investments
Instant Cash-Out

Mintos

Available as: Mintos strategies

With "Mintos strategies" you can relatively fast cash out your money. Mintos writes: "When you want to cash out money, your Mintos strategy automatically sells loans in your strategy to other investors using the same strategy. Selling usually happens within a few minutes, depending on demand from other investors at that time. You can only sell current loans. If a loan in your strategy is late, you can get your money when it recovers or buyback kicks in. You can also manually sell late loans on the Secondary Market from the Portfolio page."

Secondary Market

Mintos

Available

Risk & Security

Buyback Guarantee

Mintos

Available

Mintos claims that 95% of its loans come with buyback guarantee. If the loan is delayed by more than 60 days, the lending company will automatically buy back the investment and pay you interest.

Payment Guarantee

Mintos

Not available
Rating System

Mintos

Available as: risk scoring

From November 2020, mintos risk scoring has replaced mintos risk grades. The new system is a numerical scale: low risk (10-8), mid risk (7-5), and high risk (4-1). Furthermore, mintos uses four subscores: loan portfolio performance, loan servicer efficiency, buyback strength, and cooperation structure.

Due Diligence

Mintos

Available
Skin in the Game

Mintos

Available

Loan originators should have skin in the game of 5 to 20% (10% on average).

Collaterals

Mintos Property, Inventory

Maximum Loan To Value (LTV)

Mintos n/a

Mintos – is it a match?

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