Mintos Reports Surge in Total Platform Investments of €99.5M Worth of Notes Funded, €4.3M in Interest Earned by Investors

The month of August has shown “promising growth” on Mintos.

As noted in a blog post by Mintos, the total investments saw “a significant increase of €99.5 million worth of Notes funded, and interest earned by investors climbed to €4.3 million.”

The average interest rate for August “stood at 12.4%, translating to an annualized average net return of 10.3% (YTD 6.8%).” The cumulative interest earned “by investors on Mintos has now reached €246.5 million, and the total assets under administration are now €594.1 million.”

While commenting on other activities in the UK, Mintos noted that in July 2023, the United Kingdom experienced “a notable deceleration in its inflation rate, with the CPI rising by 6.8%.”

This marked a significant decline “from earlier months in the year, notably February’s peak of 10.4%.”

While the current rate remains higher than those observed “in other major economies, several key factors contributed to this moderation in inflation.”

The Eurozone’s economic growth appears “to have plateaued, with GDP growth of 0.3% in the second quarter of 2023 compared to the previous quarter.”

This slowdown is mirrored by “signs of weakened investments, as evidenced by the 0.2% increase in employment during the same period, indicating cautious business expansion.”

One potentially positive development “is the drop in energy prices, which historically has been a major driver of inflation.”

This decrease in energy costs holds promise “for future consumer costs, potentially alleviating some inflationary pressures.” However, it’s important “to note that the benefits of lower energy prices might manifest gradually over time.”

Going on to comment on developments in the US, Mintos noted that the beginning of 2023 showed substantial inflationary pressures, “with April posting a monthly rate of 5% — which, at the time, was considered to be the lowest since 2021.”

The numbers continued to “decline from April in consecutive months, with a showing of 3% in June.”

However, in July, there was “a modest uptick to 3.2% from June’s 3%.”

The overarching trend finally “hints at a decelerating inflationary environment.”

This is particularly noteworthy “since it marks the end of a year-long period of consistent inflation rise.”

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