European Investment Platform Mintos Reaches Half a Million Registered Users

The team at Mintos is pleased to confirm that they’ve reached a new milestone of 500 000 registered users on their investment platform. Over the course of 2022, Mintos claims it experienced “a steady growth in registrations, with an average of 4372 users joining each month.”

Mintos says it is very excited “to see that the trend towards more women investing continues.” Women reportedly “account for 17.3% of new registrations in 2022 to date, compared to 15.7% of registrations in 2021.”

With Mintos poised to offer regulated services in more and more countries and languages, the team says they are “looking forward to continued growth in 2023.”

In another update, it was noted that in the case of Mintos vs. Dziesiatka, the Latvian court having jurisdiction “ruled in favor of Mintos on 11 November.”

The ruling confirmed “that Dziesiatka will have to pay all debts, accrued interest, and penalties in full. Similar to other cases that have gone to court, this demonstrates the strong legal framework provided by our contracts with the lending companies.”

Dziesiatka has “the right to appeal the court decision within 20 working days. If the decision is not appealed, it will enter into effect.” If it is appealed, Mintos says it “will continue to defend our case at the court of appeal level to achieve a positive outcome for investors on Mintos.” They will “inform investors about the next steps within one month.”

The court ruling “had been one year in the making since all documents had been submitted. During this time, no payments were received from Dziesiatka.”

Mintos added:

“We believe that this lengthy process backs our standard approach of first negotiating with lending companies that have defaulted on their payment obligations to achieve a more timely resolution before starting legal proceedings. Of course, if an agreement can’t be reached, we have contracts in place that will help us achieve a satisfactory outcome when we bring such cases to court.”

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