Latvia based Mintos has reached a new milestone having now topped €300 million in online loans since platform launch two years ago. Mintos reports that more than €200 million has been invested in 2017 alone, making Mintos a market leader in continental Europe claiming a 40% market share.
Martins Sulte, CEO and Co-founder of Mintos, commented on the most recent milestone;
“All of these numbers mean a lot to us. Creating a global marketplace where retail investors gain access to a new class of assets is our main goal. We believe investing should have no borders, and are excited for each step that takes us closer to this vision.”
Mintos states that as of September 2017, approximately € 1 million is invested in loans through Mintos daily, which is three times more than just a year ago. Fast growing Mintos expects their marketplace lending velocity to continue.
On the investor side, Mintos says about 2,000 new investors join each month. As of the end of August 2017, there were over 32,000 investors from 64 countries on the Mintos marketplace.
On the lending supply side of the marketplace, there are 27 loan originators from 14 countries. Mintos says this makes them the world’s largest marketplace of its kind. The first loan originator from Africa just joined the marketplace, making it the third continent from which Mintos offers loans.