Mintos hits €7bn lending milestone
Mintos has reached the €7bn (£5.97bn) lending milestone.
The European peer-to-peer lending platform said over the past two weeks, its top 10 countries with the largest loan investments have been Spain, the Russian Federation, Kazakhstan, Latvia, Poland, Estonia, Moldova, United Kingdom, Finland and Indonesia.
€38.93m has been invested across the top four of these markets.
Mintos, which gained its investment firm licence last month, said personal loans, short-term loans and car loans were the most popular loan types in the same period, receiving €73.27m in investment across these loans.
Meanwhile, agriculture loans and mortgage loans received lower loan volumes.
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Mintos said the most popular way of investing over the past two weeks has been via the diversified and conservative strategies.
The platform has launched nine lending companies over the past six months, including UK litigation funder Fenchurch Legal, Mexican business lender Capem, Kazakhstani car lender Jet Finance and two Mexican lenders, GoCredit and Conmigo Vales.
This has led to a huge rise in investment opportunities from six markets and four loan types, which means in total the platform has reached more than 70 lending companies across 34 markets around the world with nine different types of loans.
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“As investor activity continues to grow, we’ve been ensuring there’s plenty of new investment opportunities to choose from,” Mintos said in a blog on its website.
“We’d like to sincerely thank all investors on Mintos for being with us throughout this journey so far. We’re excited for you to continue growing with us as we work towards achieving even bigger milestones!”