Mintos published their numbers from 2018 which show strong growth in number of investors and invested volume. Such a quick expansion can be risky and takes a lot of capital but Mintos managed to stay profitable in 2018. Great news for us investors.

You can check out the full report here or keep reading to get the most important facts in the Mintos management report (source:

Management Report

Our Mission

At AS Mintos Marketplace (the Company, Mintos), we operate a global online marketplace for investments in loans, where innovative financial technology connects investors from all over the world with loans originated by a variety of international lending companies. Our mission is to offer attractive investment opportunities that are accessible, easy and transparent for everyone.

By the Numbers

2018 has been an amazing year for us, and we continued to strongly grow our business and community. As reported by independent fintech website, we became the leader in the European market of investments in loans: over the second half of 2018, Mintos had the largest volume of new investments among similar companies. Investor base more than doubled in 2018. We started the year with 43,457 investors, and at the end of December wished a happy new year to almost 100,000 investors.

Mintos investors 2018
Mintos investors 2015-2018.

2018 saw investments in the marketplace more than triple, from EUR 332 million invested in 1.6 million new loans in 2017 to EUR 1.044 billion invested in 4.8 million new loans in 2018. We reached a milestone of EUR 1 billion invested in loans through the marketplace in August 2018 and closed the year with a grand total of EUR 1.5 billion invested in 6.9 million loans since the inception of the company.

Mintos loans funded 2018
Mintos loans funded 2015-2018.

Our focus continues to be creating a great and transparent investor experience. To keep pace with the growing marketplace and maintain our high quality of service, we’re investing in the team and facilities. We’ve hired 23 new employees in 2018, effectively doubling the headcount, and decided to invest in a new office to accommodate the growing team.

Mintos employees 2018
Mintos employees 2016-2018.

31 new lending companies joined the Mintos marketplace in 2018, adding 13 originating countries to the map: Armenia, Colombia, Kazakhstan, Kenya, Kosovo, Mexico, Moldova, North Macedonia, Philippines, South Africa, Ukraine, United Kingdom, Zambia. Investors can now diversify their portfolios across loans originated in 28 countries across the globe.

As a result of the significant growth of the marketplace, our revenue more than doubled from EUR 2.137 million in 2017 to EUR 4.647 million in 2018. We continued to invest into further expansion and future development. Even with all these investments, we remained profitable, with a net profit of EUR 13 thousand at the end of 2018.

Mintos loan originators 2018
Mintos loan originators 2016-2018.

The profit for the year includes charges of EUR 51 thousand (EUR 45 thousand in 2017) relating to the fair value of share-based payment benefits which are being recognised over the vesting period. By their nature, these payments are not reflective of ongoing trading performance and they are not considered part of the underlying results. Excluding these charges, the result is a profit of EUR 65 thousand in 2018 and EUR 241 thousand in 2017.

We introduced many new features in 2018 that have improved the user experience. Mintos Ratings gauge the financial and operational stability of loan originators and further increase transparency for investors when making an investment decision. Auto Invest now also covers the Secondary Market and comes with three innovative Investment Strategies that help investors save time and effort. We worked hard on perfecting safety and convenience for investors, and added features like direct bank transfer and two-factor authentication to the marketplace.

We take compliance very seriously at Mintos. We’ve invested in privacy protection to meet GDPR requirements, which became effective on May 25, 2018 in the EU. And even though Mintos is not regulated in terms of Anti-Money Laundering (AML) at the moment, we have expanded our AML team and procedures. Last but not least, we introduced a new online identity verification process and screening of all users registered on the marketplace.

Our efforts have been awarded with many recognitions from international media and experts. The positive feedback from our investors culminated in the AltFi’s “People’s Choice Award” 2018, the third time in a row we received this reward after 2016 and 2017.

Risks and Uncertainties

Like all companies, we face a few risks and uncertainties related to the nature of our business. Among these are managing growth, thirdparty partner activity (for example, if one of our partners experiences a loss in service), regulation, system interruptions (such as an interruption to a payment system) and weakening economy. We have taken steps to protect our business against such uncertainties. For additional details about risk management please see Note 27.

We are committed to good governance and control in order to run our business effectively and manage risk appropriately. We aim to run a business that is innovative and successful without exposing it and our customers to unacceptable risk. We believe we are well positioned to continue to provide great value and service to our customers.

2019 Outlook

In 2019, we will continue growing both our investor demand and the loan supply, with a focus on diversification across geographies, currencies and the safety of the Mintos marketplace.

Mintos Group plans to launch a Mintos banking account and debit card, which will further increase the value added to Mintos customers. The European e-money licence application has been submitted and the license is expected to be obtained by the end of Q3 2019. To support further development, Mintos Group raised EUR 5 million in Series A funding in November 2018.

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