On Monday, Latvia’s peer-to-peer lending marketplace Mintos announced it would be hosting Creamfinance loans, which are currently averaging from €50 to €1,000 with a repayment deadline of 5 to 30 days. Mintos revealed that the non-bank credit lender would offer short-term, unsecured consumer loans issued in Denmark through its marketplace. Creamfinance financial planning director, Georgijs Ustinovs, stated:
“High investor demand for Creamfinance loans was our main motivation for adding a new market to the Mintos platform. The Creamfinance Group highly values the trust investors have in us, therefore, we wanted to expand our offering of quality products to include short-term loans from our other countries.”
Creamfinance added short-term, unsecured consumer loans issued in the Czech Republic to the Mintos platform. Mintos noted that the annual return to investors is expected to reach 11%. Recently, Mintos announced that since its launch a year and a half ago it has seen investors funding over €50 million in loans to both private individuals, along with small and medium-sized businesses. At the time, Mintos CEO and co-founder Martins Sulte, shared:
“All around the world, peer-to-peer lending concept is slowly replacing bank services from which the commercial banking sector is retreating. Today, banks no longer conduct the main mission of the financial system — connecting those postponing consumption with those who are consuming today, i.e. connecting savers and borrowers. Deposit rates are close to zero or even negative, while access to credit is limited. This increases the non-bank financial services market, which offers consumers easy, convenient and affordable services.”
Earlier this year, Mintos announced it had closed its seed funding round, which has attracted €2 million from Skillion Ventures, a Riga-based venture capital firm.
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Reg A - Form 1-A Filings Beta
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YTD: Jan 1, 2026 - Nov 4, 2026 vs Jan 1, 2025 - Nov 4, 2025
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Number of Filings134Prior 129 +3.9%
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129
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$3.59B
-3.8%
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On Monday, Latvia’s peer-to-peer lending marketplace Mintos announced it would be hosting Creamfinance loans, which are currently averaging from €50 to €1,000 with a repayment deadline of 5 to 30 days. Mintos revealed that the non-bank credit lender would offer short-term, unsecured consumer loans issued in Denmark through its marketplace. Creamfinance financial planning director, Georgijs Ustinovs, stated:“All around the world, peer-to-peer lending concept is slowly replacing bank services from which the commercial banking sector is retreating. Today, banks no longer conduct the main mission of the financial system — connecting those postponing consumption with those who are consuming today, i.e. connecting savers and borrowers. Deposit rates are close to zero or even negative, while access to credit is limited. This increases the non-bank financial services market, which offers consumers easy, convenient and affordable services.”
