Reviewing Mintos - what I've discovered
Mintos has evolved beyond a peer-to-peer lending platform. Nowadays, it serves as a comprehensive investment platform where you can invest your funds in loans, Exchange-Traded Funds (ETFs), and bonds.
The platform introduces a user-friendly investment gateway for ETFs, enabling You to swiftly tailor a portfolio to your requirements without collecting commission fees.
Mintos distinguishes itself by allowing investments in ETFs from as low as 50 euros, a threshold significantly lower than many other brokers that require minimum investments ranging from hundreds to thousands or even hundreds of thousands of euros. This accessibility broadens the appeal of ETF investments to a broader audience.
Furthermore, Mintos simplifies the taxation process for its users across Europe by automatically handling tax obligations, providing a hassle-free investment experience.
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Mintos Investing Highlights
💰 Products offered | Loans, ETFs, Mintos Smart Cash, Real Estate and Bonds |
🏡 Origin country | Latvia 🇱🇻 |
💶 Total invested amount | Over €10 Billion |
👥 Users | Over 500 000 |
🏦 Money protection | Up to €20 000 |
🎍 Year founded | 2014 |
🤖 Auto invest feature | Yes |
💵 Minimum investment in loans | €50 |
💹 Minimum investment in ETFs | €100 |
Pros and Cons
Pros
- Very easy investing - You can use the auto investing option
- Secure - Your money till €20 000 is securely backed by the government
- Various investment options - Loans, Bonds, ETFs
- Market leader in Europe per invested amount, reaching over €10 billion
Cons
- It is only available in Europe and a few Americas countries: Argentina, Brazil, Canada, and Chile.
How it all started
Mintos was founded in 2014 by two Latvians: Martins Sulte and Martins Valters. It was one of the most successful startup companies that year. Initially, it received a 2 million seed investment from the local investment company “Skillion Ventures”.
First, it was built as a peer-to-peer lending platform, but later, the business model changed to a marketplace for investing in loans.
Now, it has already had several investment rounds and changed its business model to be a general investing platform rather than just a loans investing platform. 2 more products have been added: ETFs and Fractional bonds.
Mintos team
Martins Sulte

CEO and Co-Founder
Martins started his career with short-term roles at UniCredit and later worked at Ernst & Young and NASDAQ OMX. He spent several years at SEB Investment Banking, where he started as an analyst and later became an associate, involved in financial deals and transactions. Sulte studied Business and Economics at the Stockholm School of Economics in Riga and earned an MBA from INSEAD. He also holds a Chartered Financial Analyst (CFA) certification from the CFA Institute.
Martins Valters

COO & Co-Founder
Martins, before co-founding Mintos, had an extensive eleven-year career at Ernst & Young. During his time there, he worked on audits, due diligence, and consulting for significant banking groups across Europe. He is a chartered certified accountant with a degree in economics. At Mintos, he has played a crucial role in managing the platform's operations and financial strategies, contributing significantly to its growth. Under his leadership, the company has expanded its services to include innovative financial products, such as bonds and ETFs.
Karlis Kronbergs

Chief Risk Officer
He is responsible for managing significant risks to the company, including strategic, reputational, operational, financial, or compliance-related risks.
Inese Lazdovska

General Counsel & Chief Compliance Officer
She received her higher education from the London School of Economics and Political Science (LSE), which supports her current role as the overseer of legal and compliance issues at Mintos. Her position involves ensuring that the company complies with legal standards and regulations while managing its internal legal affairs.
Marcis Gogis

Chief Product Officer
He has been a part of Mintos for more than eight years and has played a crucial role in shaping and executing the product development strategy at the company. Prior to joining Mintos, Gogis held various positions in web and product development at Lattelecom and Swedbank Latvia. He has an MBA from Riga Business School and a Bachelor's degree in E-commerce from the Riga International School of Economics and Business Administration. This combination of business and technology education has provided him with a solid foundation for his leadership position in product development at Mintos.
Account Opening
When opening an account, you need to email your proof of identity to ensure that you are registering.
Mintos takes care of your taxes, automatically deducts taxes, and provides information to your government's tax agency.
Then, you need to provide some general investment answers to make sure you assess the risks involved in investing.
Once you add some money to your Mintos account then you can start investing. Keep in mind that your investing options and limits might be different based on the answers you provided.

Ease of use
In my opinion, Mintos is one of the easiest P2P platforms. It is designed for both beginner and experienced investors.
It has very well-tailored auto-invest strategies where your money is just growing itself.
The Mintos mobile app makes it easy for investors to manage their investments on the go. Although it doesn’t yet offer all the functionalities available on the website, it’s continuously updated to improve user experience
Securities
🇪🇺 Up to € 20 000 protection for your cash and securities
The financial crisis isn't just affecting banks and how investment services handle financial instruments. It's involving investment firms and banks.
Also, when the global market is uncertain and confusing, bad behaviour and cheating are more likely to occur.
Therefore, a call for evidence was necessary to gather information about the Directive's application and whether and how it should be modified to protect investors better.
So European Commission created The Investor Compensation Scheme Directive 97/9/EC (ICSD)
Mintos has been a member of this scheme since 17.08.2021.
This directive is designed to help the single market in investment services work properly by boosting investors' confidence with a standard set of basic protective steps.
Specifically, the ICSD protects investors, to some extent, from losing money if an investment firm can't pay back money or return assets it holds for its clients.
A standard minimum compensation (90% of the debt and EUR 20,000) for each investor is seen as enough to protect small investors if the firm can't meet its obligations.
The Bank of Latvia regulates it, and Mintos is a member of the Latvian Bank Investor Protection Scheme.
However, this does not cover investment risks like poor loan performance. It is also important to note that The investor protection scheme does not apply to loan investments via assignment agreements.
🛡️ Safeguarding Investor assets and cash
Mintos must keep clear, accurate records and accounts that separate all Notes and investor money from Mintos assets.
Mintos regularly checks its internal records and accounts and ensures strong controls are in place to reduce investors' risk of loss.
Financial instruments owned by Mintos investors are kept in separate accounts for the investors, away from Mintos assets. The investors' money is kept safe by placing it in safeguarding accounts in central banks, credit institutions, or qualified money market funds licensed in the EU. This money is only used to carry out the investors' instructions to invest or withdraw money or to pay fees and charges to Mintos. These funds are separate from Mintos' assets, and Mintos creditors cannot claim these funds.
This is very good because if something happens to Mintos-owned assets, it doesn't affect investors' money.
📚 Investor knowledge check
Mintos must check each person's knowledge about investing and the risks involved and ensure that they have enough financial capability to put their money at risk.
This includes a questionnaire upon registering and putting more money into Mintos.
For example, I could initially invest only €4500 until I proved that my knowledge was sufficient to invest more.
This also includes a product offering like manual investing, which is only available if you are a more experienced player. For example, the auto-invest feature is enough even for an experienced investor.
Mintos also provides extensive information about investing and managing the risks involved on its site.
Choosing where to invest
Loans
In Mintos, the core of the business is investing in Loans.
I recommend this option to most people because it is safe and provides good returns. I would not recommend other options if you don't plan to invest more than € 10,000.
For me, it had an 8.97 % return.

ETF
Mintos also recently added an ETF investment option, a great way to diversify your portfolio. However, I currently do not have as good an interest return from ETFs as from loans.
I tested by investing € 200 a couple of months ago. From the first days, there was a return of 2%—3%. Unfortunately, this indicator has not increased yet.

Bonds
I haven't invested here yet because I consider it a much more risky deal. But for those who like bonds, Mintos now provides them as well.

Invest in Mintos Real Estate
Mintos recently launched a new product: Investment in Real Estate. What exactly is it, and how does it work?
It is a manual type of investment, where the investor chooses a real estate he likes and contributes the desired amount of investment to it.
The best part is that the income is calculated monthly from the rent plus the real estate value increases.
In essence, it is no different from ordinary real estate acquisitions, such as buying a property and renting it out.
In this case, you don't have to pay various fees, deal with loans, or save for the first instalment. Just add funds and see how the income accumulates every month. Also, you don't have to think about what will happen to the property—whether something will break or whether other necessary expenses will have to be paid.
When you purchase Real Estate Securities, you are entitled to receive interest payments each time net property payments are made on the underlying bonds and a refund when the underlying property is sold.
Term
The term is usually between 10 and 25 years. However, you can also go faster and sell bull papers on the secondary market, but then you will have to expect to pay a commission of 0.85% of the investment amount.
Therefore, you should plan to make this investment for at least 10 years so that it has a maximum profitable return.
Risk
The risk is that the real estate will lose market value or that Mintos will not be able to repay the money for other reasons.
Mintos rates this type of investment a 5 on a scale of 1 to 7, which is medium risk.

However, real estate prices usually rise gradually, and their value does not fall rapidly, making it one of the safest types of investment in Mintos in my opinion.
Mintos Smart Cash
Mintos Smart cash is the latest Mintos solution for storing money to avoid inflation.
Example: You put 1000 Eur in an account and get 3% per year (approximately). Interest is paid at the beginning of each month; from 1000 Eur, it will be approximately 3 Eur per month.
If you want to withdraw money, you can do it at any time. The money will be credited to your account within one or two days.
In essence, it is similar to the deposit service in a bank, where you usually pay 2.0% to 2.9% per year, and the money can be withdrawn usually after a week.
So, Mintos offers better interest and faster withdrawals than regular banks.
How secure is Smart Cash?
It is essentially the BlackRock ICS Euro Liquidity Fund, the lowest-risk fund.
Recently, Mintos increased its market for Smart Cash, which is now available in Latvia. Good Job, Mintos!

Conclusion
In general, Mintos is one of the best choices for investing money in p2p because it has a well-established reputation and a large user base. It is by far the biggest P2P platform in Europe. They take care investor security very seriously.
It has provided me with very stable money growth over the years.
They also have big plans for the future to dominate even more market segments.