P2P Platform

Mintos Review

Mintos Review: Is it good? Don't invest before you read this!

14 March 2023
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Skanstes 50, LV-1013 Riga Latvia

Review result

4.8 of 5


Basic Information Basic Information

Founding Date:
June 2015
Funded Loans:
not available
Investor Protection:
not available

Interest & Red Flags Interest & Red Flags

Minimum Interest Rate:
Maximum Interest Rate:
Average Interest:
Red Flags:

Loans Loans

Minimum Investment:
Minimum Investment Term (Months):
Maximum Investment Term (Months):
Loan Originators:
Payday Loans:
not available
Personal Loans (Consumer Loans):
not available
Business Loans:
not available
Real Estate Loans:
not available
Other Loans:
not available
Worst Rating:
Best Rating:

Features Features

Manual Investing:
not available
Automatic Investing:
not available
Buyback Guarantee:
not available
Secondary Market:
not available
Tax Report:
not available
not available

Fees Fees

Investing Fee:
Deposit Fee:
Withdraw Fee:
Accounting Management Fee:
Für inaktive Konten wird eine Gebühr von 2,90 € monatlich berechnet (6 Monate in Folge keine Neuanlage oder Verkauf).
Secondary Market Selling Fee:
Secondary Market Buying Fee:

What is Mintos?

Infographic: how does Mintos work, investors, borrowers, loan originators, securities

Mintos is a P2P platform from Riga, Latvia, founded in 2014.

It brokers P2P loans between investors and loan brokers (loan originators) who are independent of the platform.

This explains why Mintos is also called a P2P marketplace, and why there have been several spin-offs of intermediaries in the past.

Two good examples are the platforms Esketit and Lendermarket, which used to be active only as loan intermediaries on Mintos and still partially offer loans on Mintos, respectively.

Since its inception, the platform has funded more than €8 billion worth of P2P loans, making it the largest P2P platforms in Europe.

How does Mintos make money?

Mintos makes its money from three revenue streams:

  • Commissions from loan brokers

  • One-time transaction fees from loan brokers

  • Foreign currency fees for investors

The most important source of revenue is commissions from loan brokers: they represent about 90% of the total revenue.

Who owns Mintos?

To date, ownership of Mintos has not been finally clarified.

In any case, it can be assumed that the two founders Martin Sulte and Martin Valters are still involved in the company today.

On the About Us page of Mintos, other investors are mentioned by name who were involved in the founding:

  • Maris Keiss (co-founder of 4finance and Mogo or Eleving),

  • Aigars Kesenfelds (co-founder of 4finance and Mogo or Eleving),

  • Kristaps Ozols (co-founder of 4finance and Mogo or Eleving) and

  • Alberts Pole (co-founder of 4finance and Mogo or Eleving).

However, it is not possible to clarify whether all of the aforementioned individuals still hold shares in Mintos today.

In this context, however, it is often speculated that, in addition to the two founders, Aigars Kesenfelds holds large shares in the platform.

Furthermore, Mintos raised more than €6.55 million on Crowdcube in 2020 via a crowdfunding campaign.

From our point of view, there is no doubt about the safety of Mintos.

As mentioned, the platform is supervised by the Latvian Financial Market Authority and a funded loan volume of more than €8 billion already speaks for itself.

How does Mintos work?

If you want to invest on Mintos, you first need to register as an investor and deposit money via a bank transfer.

Incidentally, with this deposit you also confirm the account to which withdrawals can be made.

After that, you can invest directly in the offered loans.

You only have to pay a minimum investment fee of 50 € and you can invest either manually or automatically via Auto Invest.

Furthermore, you can invest in two markets on Mintos: That is the primary market (initial issuance of loans) or the secondary market (loans from other investors).

On Mintos you do not invest directly in loans, but through securities in loan pools (multiple loans).

These securities are secured with these loans and accordingly their value depends on them.

That\'s why they are also called asset-backed securities and they are also known as "asset-backed securities".

The securities differ according to:

  • Country (origin of the loans),

  • Interest rate (coupon),

  • maturity and

  • Amount (volume).

Below we will look at a simple example.

Example of a security on Mintos (Mintos Note)

  • Country: Kazakhstan

  • Interest rate: 21

  • Term: 3 years

  • Amount: 500.000 € (converted)

If you would invest €5,000 in this security, you would invest over it in 1% of the bundled loans.

Each security on Mintos has an official security identification number (ISIN or WKN), which you may know from other securities such as ETFs or stocks.

Mintos Risk Scores

A special feature of Mintos are the Risk Scores.

The Mintos Risk Scores are intended to give investors an idea of how reliable a loan provider is.

The scores (ratings) with the corresponding risk levels are:

  • Low Risk: 10 to 8

  • Medium risk: 7 to 5

  • Increased risk: From and below 4

What about withholding tax on Mintos?

The platform includes a withholding tax of 20% from your earnings.

However, with a residency certificate from your tax office, you can reduce the tax to 10%.

How can I invest on Mintos?

On Mintos you can choose credit manually or invest automatically using the Auto Invest feature.

With Auto Invest you can choose from three preset strategies that differ in their return and risk profile:

  • Diversified

  • Conservative

  • High-yield

In addition, you have the possibility to set your own strategy, where you can specify the following settings:

  • Currency

  • Primary market or secondary market (primary market is the default)

  • Credit intermediary

  • Interest rate

  • Term

  • Investment per loan (loan pool or bond package)

  • Diversification (Dynamic, Custom, Disabled)

Different from many other platforms is the diversification setting.

With it, you define the maximum amount of money you want to invest per loan broker.

For example, you can specify that you want to invest in the loans from each intermediary at the same proportion. To do this, you need to select "Equalize" in the setting.

What warning signs should I be aware of with Mintos?

At the moment, we do not see any warning signs with Mintos.

Review result Review result

with all advantages & disadvantages

Safety (40.00%)


Gewichtigung: Age: 40.00%, Funded Loans: 40.00%, Regulation: 20.00%.

Age: 7 Years
5.00 / 5

The platform is older than 5 years. In the past, sudden failures of platforms that have been on the market for such a long time have occurred very rarely.

Funded Loans: €8,700,000,000.00
5.00 / 5

over-average over-average The platform has already financed many loans and was able to gain a lot of experience.

Regulation under-average
5.00 / 5

The platform is officially regulated, which greatly increases security.

Interest and Risk (40.00%)


Gewichtigung: Average Interest: 50.00%, Red Flags: 50.00%.

Average Interest: 12.73%
4.23 / 5

over-average over-average The average interest rate is comparatively much higher than other platforms.

Red Flags: 0
5.00 / 5

over-average over-average The platform has no red flags that investors should pay attention to.

Features (20.00%)


Gewichtigung: Automatic Investing: 20.00%, Buyback Guarantee: 20.00%, Secondary Market: 20.00%, Tax Report: 20.00%, App: 20.00%.

Automatic Investing under-average
5.00 / 5
Buyback Guarantee under-average
5.00 / 5
Secondary Market under-average
5.00 / 5
Tax Report under-average
5.00 / 5
App under-average
5.00 / 5

Gesamtpunktzahl: 4.8 of 5

Hinweis: Although we take every care to ensure the accuracy of the information and the representative example, no warranty can be given with regard to the correctness, accuracy, timeliness, reliability and completeness of the content. All information is based on the available information from the provider.

Last updated on 14 March 2023