European Online Lending Marketplace Mintos Reveals that Many More Women Investors Joined Platform in 2020

Peer-to-peer lending marketplace Mintos reveals that women now help make up 15% of the total number of investors on their platform, with a 43% year-over-year (YoY) growth during 2020. Mintos noted in a blog post that in total, women on the platform have managed to earn €11.5 million in interest payments (by the end of last year).

The Mintos team also mentioned that women from the Baltics region have topped the list when it comes to the “share of women in the total number of investors per country.” Mintos’ management added that the top 4 nations with the greatest overall numbers of women investors on Mintos include Germany, Estonia, Spain, and the Czech Republic

Mintos pointed out that the “average outstanding balance” of Mintos women investors at the end of last year stood at €2,028.

The Mintos team claims that 2019 was a really strong year for the platform and that growth remained steady during 2020.

Mintos added:

“Performance in January, February, and the first half of March [2020] indicated that we had a great year ahead of us. When the pandemic hit the world and global markets in March 2020, our plans for expansion were slowed down. Still, the number of new investors in 2020 was just about 5% lower than in the year before. Overall, 128,380 new investors joined Mintos in 2020, an average of 10,000 per month. Looking closer, we see a difference between the pre-pandemic and the pandemic months: during the first three months of 2020, we saw on average more than 16,000 new investors per month, while from April to December 2020, this number was around 9, 000.”

While continuing to comment on how women are becoming more active investors, Mintos revealed that most of the female investors on the platform are Millennials: the average median age of all women on the Mintos marketplace is 34. The lender also noted that “overall, Millennial investors have funded three-quarters of loans on Mintos, as 75% of all investors on Mintos were born between 1981 and 1996.”

Mintos further noted that “when it comes to the most active women investors per country, there were no changes in 2020 compared to previous years.” The Baltic nations are still home to the women who are “most actively joining” Mintos, based on the “gender split in the country by country comparison,” Mintos confirmed.

The lender also mentioned that in this particular category, Estonia has been leading the way. The Mintos team added that “from all investors from this country who joined Mintos in 2020, women made 36%, while women from Latvia and Lithuania made 25% and 18% of all new registration from these countries.”

The lender also mentioned:

“In terms of the total number of women investors joining Mintos in 2020, Germany tops the list with 3160 women joining us from this country. This is around 13% of all investors who joined Mintos from Germany last year.”

Mintos further noted that the first investment “made by new women investors on Mintos ranges from €20 to €1300, and the highest first investment was registered by women investors from Ireland, Iceland, and Albania.”

The Mintos team also revealed that “for women investors from Germany and the Czech Republic, investment activity on Mintos increased over each quarter of 2020.” They added that we are able to see “almost the same trend in Estonia, with a slight drop in Q2 2020, followed by an increase in Q3.” Spanish women investors “showed a steady investment activity over the course of the whole year,” Mintos noted.

Mintos added:

“At the end of 2020, women investors on Mintos closed their year with an average of €2028 in their outstanding balance on Mintos. The amount is half of what women investors held at the end of 2019 (€4164). This is another reflection of risk aversion present across all investors in loans during the pandemic. Nevertheless, in January 2021, the amounts are increasing, which is in line with the uptick across many investor-related metrics we follow in Mintos.”

In total, women investors that are active on the Mintos platform managed to earn €11.5 million in interest alone (by the end of 2020). The highest average interest was reportedly earned by women investors based in Germany (€929), Lithuania (€849), Estonia (€727), and Latvia (€315).

Mintos concluded:

“With better access to education, a slow overcoming of career-related obstacles, and globally promoted financial inclusion, women are continually gaining more financial power. With the positive trends of women joining the professional workforce earlier and staying in it longer, today, women control around $72 trillion of the world’s investable wealth – an amount that’s expected only to grow in years to come.”

Sponsored Links by DQ Promote


You may also like...

Send this to a friend