Describing 2023 as a “transformative year for Mintos,” the online investment platform says it is expanding its products for its customers.
According to a note from the firm, the multi-asset investment platform, is now offering fractional bonds and ETFs alongside its first business of enabling the investment in loans.
Mintos said that in 2024, it has continued to expand its selection of products having added rental real estate and Smart Cash. Mintos says it aspires to become “the preferred platform for long-term investors in Europe.”
Regarding its financial results, Mintos said revenue increased by 30% in 2023 to reach €11.4 million, up from € 8.8 million in 2022.
The platform also reported a net profit of around €650,000, an improvement compared to the loss of €196,000 in 2022.
Assets under administration topped €600 million. The platform’s investor base currently spans Europe, with key markets including Germany and Spain.
In Q3 2024, Mintos expanded its presence into Portugal and the Czech Republic and is on track to complete its rollout across all European markets by the end of the same quarter.
Martins Sulte, CEO of Mintos, said they have become a comprehensive multi-asset investment platform.
“Our financial results reflect the strength of our business model and our commitment to providing the best investment solutions for long term investors. We remain dedicated to growing our platform and expanding in new markets to meet the evolving needs of our investors.”
This past spring, Mintos raised growth capital on the securities crowdfunding platform Crowdcube, raising approximately €3.1 million—the second-largest offering so far this year.
