After three and half years of operations, the Latvian-founded fintech startup Mintos has reached EUR 1 billion in total loans financed through the marketplace. This year has seen the most rapid increase in investments, with investors investing more than EUR 500 million. At this rate, EUR 2 billion will be reached already by the middle of 2019.
With an unparalleled number of loans originated by many different loan originators around the world, the Mintos marketplace provides a great way to build a very well-diversified investment portfolio of loans. While diversification is the most important component for reaching long-range financial goals whilst also minimising risk, the question remains – how to pick which loans to invest in? Should one look at the loan performance, or rather, at the financial strength of the loan originator? Or perhaps both? Is loan performance important at all if the loans come with a buyback guarantee from the loan originator?
Interview with Martins Sulte: our goal is to promote the free flow of capital across country borders
“There are very many people in the world with free financial means and with a desire to invest their money and earn that way; and there are also many people in the world who need money for the implementation of meaningful ideas, yet the necessary funds are not easily accessible. We wish to be a bridge uniting investors and borrowers from various countries and even continents” was underlined in the interview by the Chairman of the Board and Co-founder of Mintos, Mr Mārtiņš Šulte.
Mintos that is managed by you is recognised as a…