Mintos Explained

Mintos
Type:Private
Industry:Financial services
Founded:2014
Founder: Martins Sulte Martins Valters
Hq Location City:Riga, Latvia
Assets:€600 million (2023)

Mintos is a financial technology company headquartered in Riga, Latvia. Retail investors can invest in a mix of traditional and alternative assets such as loans, exchange-traded fund (ETFs), Fractional Bonds, real estate and Smart Cash through the platform. As of August 2024, the company has over 500,000 registered users.[1]

History

Mintos was founded in 2014 by Martins Sulte and Martins Valters. The company's headquarters are located in Riga, Latvia and it has since expanded its presence across Europe.[2] [3]

In 2018, Mintos raised €5 million in Series A funding backed by Riga-based venture capital firm Grumpy Investments.[4] In 2020, the company launched a crowdfunding campaign on Crowdcube: the company attracted over 6000 equity investors and raised a total of €6.5 million, the largest amount ever raised in continental Europe.[5] [6] [7]

On August 19, 2021, Mintos acquired the investment firm and electronic money institution licenses from the Bank of Latvia. Investors on Mintos are protected by the MiFID II investor protection framework, Prospectus Regulation, Packaged retail investment and insurance products (PRIIPs), Investor Protection Law.[8] [9] [10]

On May 25, 2022, Mintos launched loan-backed securities called Notes which allow retail investors to invest in loans in a regulated environment.[11] [12] In October 2023 the company launched high-yield Fractional Bonds.[13] [14] [15]

In April 2024, Mintos launched their second crowdfunding campaign on Crowdcube, raising €3.1 million from over 3300 investors in 55 countries.[16] [17] In May of the same year, Mintos introduced an option to invest in rental real estate and in June the company also revealed a money market fund offering called Smart Cash.

Awards and Recognition

Mintos has won AltFi's People's Choice Award five times in a row, from 2016 to 2020. The company also won AltFi's Alternative Finance Platform of the Year[18]

Notes and References

  1. Web site: Finextra . Mintos bags €3.1 million in 14-day crowdfund . Finextra . Finextra . 14 August 2024.
  2. Web site: GlobeNewswire by notified . Mintos officially debuts in Italy and Spain, offering a new investment platform that makes investing easy and free of charge . GlobeNewswire by notified . GlobeNewswire by notified . 13 August 2024.
  3. Web site: Financial IT . Mintos Expands its Reach and Officially Debuts in France and the Netherlands . Financial IT . Financial IT . 13 August 2024.
  4. Web site: O'Hear . Steve . Loans marketplace Mintos scores €5M Series A and plans to launch a debit card . TechCrunch . Techcrunch . 13 August 2024.
  5. Web site: Alois . JD . Mintos Rocks First Day on Crowdcube, Books Record €5.3 million in the first 24 hours . CROWDFUND INSIDER . CROWDFUND INSIDER . 13 August 2024.
  6. Web site: Shoffman . Marc . Mintos raises €7.2m as it completes crowdfunding round . ALTERNATIVE CREDIT INVESTOR . ALTERNATIVE CREDIT INVESTOR . 13 August 2024.
  7. Web site: Harrison . Polly Jean . Mintos Raises €7.2m, the Largest Crowdfunding Amount Ever in Continental Europe . THE FINTECH TIMES . THE FINTECH TIMES . 13 August 2024.
  8. Web site: labs of Latvia . Mintos obtains European investment firm license . labs of Latavia . labs of Latavia . 13 August 2024.
  9. Web site: Erazo . Felipe . Mintos Receives License from the Latvian Financial Watchdog . FINANCE MAGNATES . FINANCE MAGNATES . 13 August 2024.
  10. Web site: Zerucha . Tony . Loan Marketplace Mintos Receives Multiple New Financial Licenses . CROWDFUND INSIDER . CROWDFUND INSIDER . 13 August 2024.
  11. Web site: Llyod . Michael . Mintos launches regulated notes . ALTERNATIVE CREDIT INVESTOR . ALTERNATIVE CREDIT INVESTOR . 13 August 2024.
  12. Web site: Llyod . Michael . Mintos introduces responsible investment requirements . ALTERNATIVE CREDIT INVESTOR . ALTERNATIVE CREDIT INVESTOR . 13 August 2024.
  13. Web site: labs of Latvia . Mintos launches Fractional Bonds . labs of Latvia . labs of Latvia . 13 August 2024.
  14. Web site: Faridi . Omar . "High-Yield" Fractional Bonds Are Launching via Mintos . CROWDFUND INSIDER . CROWDFUND INSIDER . 13 August 2024.
  15. Web site: Gannage-stewart . Hannah . Mintos unveils fractional bonds product . ALTERNATIVE CREDIT INVESTOR . ALTERNATIVE CREDIT INVESTOR . 13 August 2024.
  16. Web site: Godenrath . Björn . Investment fintech Mintos completes its crowdfunding . Boersen-Zeitung . Boersen-Zeitung . 14 August 2024.
  17. Web site: Laoun . Joy . Riga-based investment platform Mintos secures €3.1M to scale across Europe . vestbee . vestbee . 14 August 2024.
  18. Web site: labs of Latvia . Mintos Named Alternative Finance Platform of the Year at AltFi Awards 2019 . labs of Latvia . labs of Latvia . 13 August 2024.

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